PNGS Reva Diamond Jewellery Limited IPO
PNGS Reva Diamond Jewellery Limited IPO
Price Band
₹367 - ₹386
Total Issue
₹380.00 Cr
Bid Dates
24 Feb - 26 Feb
Subscription
1.23x
Est. GMP
₹-11 (-2.85%)
Tentative Timetable
Business Overview
PNGS Reva Diamond is a retail-focused jewellery brand engaged in the sale of diamond-studded jewellery crafted in gold and platinum, along with pieces featuring precious and semi-precious stones. It also offers plain platinum jewellery, including rings, bracelets and chains, under its flagship brand “Reva.” As a design-led brand, it provides collections across varied price points catering to different occasions and customer segments. The Company operates one exclusive store and 33 shop-in-shop outlets within stores of its Corporate Promoter, P. N. Gadgil & Sons Limited. As of the RHP date, it has 34 stores across 25 cities in MH, GJ and Karnataka under FOCO, FOFO and COCO models. With entry pricing starting at approximately ₹20,000, the brand caters to both first-time and premium jewellery buyers.
Lot Info
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 32 | ₹12,352 |
| Retail (Max) | 16 | 512 | ₹1,97,632 |
| S-HNI (Min) | 17 | 544 | ₹2,09,984 |
| S-HNI (Max) | 80 | 2,560 | ₹9,88,160 |
| B-HNI (Min) | 81 | 2,592 | ₹10,00,512 |
Category Reservation
Issue Size
Objects of the Issue
A1
A2
A3
Grey Market Premium
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 02 Mar | ₹-11 (-2.8%) | ₹375 |
| 01 Mar | ₹-11 (-2.8%) | ₹375 |
| 28 Feb | ₹-11 (-2.8%) | ₹375 |
| 27 Feb | ₹0 (0%) | ₹386 |
| 26 Feb | ₹0 (0%) | ₹386 |
| 25 Feb | ₹1 (0.3%) | ₹387 |
| 24 Feb | ₹9 (2.3%) | ₹395 |
| 23 Feb | ₹17 (4.4%) | ₹403 |
| 22 Feb | ₹17 (4.4%) | ₹403 |
| 21 Feb | ₹17 (4.4%) | ₹403 |
| 20 Feb | ₹17 (4.4%) | ₹403 |
| 19 Feb | ₹18 (4.7%) | ₹404 |
| 18 Feb | ₹22 (5.7%) | ₹408 |
| 17 Feb | ₹18 (4.7%) | ₹404 |
| 16 Feb | ₹30 (7.8%) | ₹416 |
| 15 Feb | ₹20 (5.2%) | ₹406 |
| 14 Feb | ₹20 (5.2%) | ₹406 |
| 13 Feb | ₹20 (5.2%) | ₹406 |
PNGS Reva IPO Peer Comparison
(Rs. in crores)
| Particulars | PNGS Reva | Tribhovandas Bhimji | Thangamayil Jewellery | Senco Gold |
|---|---|---|---|---|
| Revenue | 258.18 | 2,620.48 | 4,910.58 | 6,328.07 |
| PAT | 59.47 | 68.39 | 118.71 | 159.31 |
| EPS (₹) | 35.21 | 10.25 | 42.00 | 10.09 |
| NAV (₹) | 45.82 | 98.49 | 390.03 | 120.37 |
| RONW | 59.36% | 10.41% | 10.77% | 8.09% |
| EBITDA | 30.83% | 6.60% | 4.46% | 5.81% |
| PAT Mrgn | 23.04% | 2.61% | 2.42% | 2.52% |
| PE Ratio | 10.96 | 15.74 | 80.96 | 33.00 |
| Debt to Equity | 0.37 | 1.05 | 1.07 | 0.90 |
All information pertains to FY 2024-25.The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of February 6, 2026 for Peers
Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 156.72 | 258.18 | 195.63 | 198.85 |
| PAT | 20.13 | 59.47 | 42.41 | 51.75 |
| Net Worth | 266.45 | 246.34 | 102.65 | 60.19 |
| Borrowings | 130.25 | 90.65 | - | - |
| Assets | 352.70 | 226.84 | 158.33 | 123.93 |
| NAV (₹) | 55.02 | 45.82 | - | - |
| EPS (₹) | 9.21 | 35.21 | - | - |
KPIs
EBITDA
30.83%
PAT
23.04%
Debt to Equity
0.37
PE Ratio
10.96
PB Ratio
8.42
Mkt Cap (in Crs.)
1,224.04
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Shareholding
Promoter
87.45%
Public
12.55%
Management
Subscription Status
Updated as on 26-Feb-2026 19:00:00
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 1.10 | 29,47,319 | 32,42,304 |
| NII | 1.62 | 14,73,304 | 23,88,224 |
| bHNI | 1.71 | 9,82,203 | 16,77,888 |
| sHNI | 1.45 | 4,91,101 | 7,10,336 |
| Retail | 1.35 | 9,82,203 | 13,30,400 |
| Employee | 7.10 | 9,974 | 70,848 |
| Total | 1.30 | 54,12,800 | 70,31,776 |
Frequently Asked Questions
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How to apply PNGS Reva IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply PNGS Reva IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply PNGS Reva IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select PNGS Reva IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
