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PNGS Reva Diamond Jewellery Limited IPO
PNGS Reva Diamond Jewellery Limited IPO

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

Dates

24 Feb - 26 Feb

GMP

₹-11 (-2.85%)

Subscriptions

1.23 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

  1. Funding working capital requirements
  2. General corporate purposes

PNGS Reva IPO Details

Price Band

₹367 - ₹386

Listing At

NSE & BSE

IPO Issue Type

100% 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

(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 - -

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

(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

PNGS Reva IPO Peer Comparision

(Rs. in crores)

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

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Frequently 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.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select PNGS Reva IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date