PNGS Reva Diamond Jewellery Limited IPO
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.
Price Band₹367 - ₹386 |
Dates24 Feb - 26 Feb |
GMP₹-11 (-2.85%) |
Subscriptions1.23 times |
Issue Size₹380.00 Crs |
PNGS Reva IPO Key Dates
Opening Date
24 Feb 26
Closing Date
26 Feb 26
Basis Of Allotment
27 Feb 26
Initiations Of Refund
02 Mar 26
Credit Of Shares
02 Mar 26
Listing Date
04 Mar 26
PNGS Reva IPO Objects
- Funding working capital requirements
- General corporate purposes
PNGS Reva IPO Details
Price Band₹367 - ₹386 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹380.00 Cr (0.98 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹380.00 Cr (0.98 Cr Shares) |
Face Value₹10 per equity share |
PNGS Reva IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
32
12,352
Maximum
16
512
1,97,632
|
|||
| Small HNI |
Minimum
17
544
2,09,984
Maximum
80
2,560
9,88,160
|
|||
| Big HNI |
Minimum
81
2,592
10,00,512
|
|||
PNGS Reva IPO Subscription
Updated as on 26-Feb-2026 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 1.10 | 29,47,319 | 32,42,304 |
| NII | 1.62 | 14,73,304 | 23,88,224 |
| bNII (bids above ₹10L) | 1.71 | 9,82,203 | 16,77,888 |
| sNII (bids between ₹2L to ₹10L) | 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 |
PNGS Reva IPO GMP
The estimated Grey Market Premium of PNGS Reva IPO is ₹-11 per share (-2.85%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 10% of Net Offer |
| Employee | ₹0.386 Cr |
PNGS Reva IPO Financials
| 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 | - | - |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
PNGS Reva IPO Peer Comparision
| 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
PNGS Reva IPO Peer Comparision
| Particulars | PNGS Reva |
|---|---|
| Revenue | 258.18 |
| PAT | 59.47 |
| EPS (₹) | 35.21 |
| NAV (₹) | 45.82 |
| RONW | 59.36% |
| EBITDA | 30.83% |
| PAT Mrgn | 23.04% |
| PE Ratio | 10.96 |
| Debt to Equity | 0.37 |
| Tribhovandas Bhimji | Thangamayil Jewellery | Senco Gold |
|---|---|---|
| 2,620.48 | 4,910.58 | 6,328.07 |
| 68.39 | 118.71 | 159.31 |
| 10.25 | 42.00 | 10.09 |
| 98.49 | 390.03 | 120.37 |
| 10.41% | 10.77% | 8.09% |
| 6.60% | 4.46% | 5.81% |
| 2.61% | 2.42% | 2.52% |
| 15.74 | 80.96 | 33.00 |
| 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
Promoter Details
| Name | Shareholding |
|---|---|
| Govind Gadgil | 31.90% |
| Renu Gadgil | 31.90% |
| P. N. Gadgil & Sons Ltd. | 19.24% |
| Others | 4.41% |
| Total | 87.45% |
Management Details
| Name | Designation |
|---|---|
| Govind Gadgil | Chairman |
| Amit Modak | CEO |
| Kisan Shendkar | CFO |
Company Details
Name: PNGS Reva Diamond Jewellery Limited
Address: Abhiruchi Mall, 59/1 C, Sinhgad Road, Wadgaon Budruk, Pune – 411041, Maharashtra, India
Number: +91 20 29980704
Email: investor@revabypng.com
Website: https://www.revabypng.com
Book Running Lead Managers (BRLMs)
RTAs
Bigshare Services
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
PNGS Reva IPO is a Mainboard IPO having an issue size of Rs. ₹380.00 Crs. PNGS Reva IPO is priced at ₹367 - ₹386 per share. The issue opens on 24 Feb 26 and closes on 26 Feb 26.
PNGS Reva IPO opens on 24 Feb 26 and closes on 26 Feb 26.
The estimated Grey Market Premium of PNGS Reva IPO is ₹-11 per share (-2.85%).
The minimum lot size of PNGS Reva IPO is 32 shares & the minimum application amount is Rs. 12352.
The allotment date of PNGS Reva IPO is 27 Feb 26.
The listing date of PNGS Reva IPO is 04 Mar 26.
PNGS Reva IPO is subscribed 1.23 times.
PNGS Reva IPO is priced at ₹367 - ₹386 per share.
Click the allotment link on PNGS Reva IPO page of IPO360.
- 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
- 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
- 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
