PNGS REVA DIAMOND JEWELLERY LIMITED
₹ 367 - ₹ 386
24-Feb-2026 - 26-Feb-2026
₹ 12352.00

/ 32 Shares

PNGS REVA DIAMOND JEWELLERY LIMITED

24-Feb-2026 - 26-Feb-2026

₹ 367 - ₹ 386

Price Band

₹ 12352.00

Minimum Investment

32

Bid Lot

9,844,568

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 30,733 Application Required in Retail for 1 Time.

  • Registrar : Bigshare Services Pvt. Ltd

IPO Details

Fresh Issue of Equity Shares aggregating up to Rs. 380 Cr Issue

Category % Shares/Amount
QIB 75% 7,375,920 Shares RS.284.71 CR
HNI 1 5% 491,728 Shares RS.18.98 CR @ 904 FORM 1X
HNI 2 10% 983,455 Shares RS.37.96 CR @ 1808 FORM 1X
Retail 10% 983,456 Shares RS.37.96 CR @ 30733 FORM 1X
Employee 0% 10,518 Shares RS.0.39 CR

BRLMs: Smart Horizon Capital Advisors Pvt. Ltd

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
30733 FORM 1X 904 FORM 1X 1808 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 32 ₹ 12,352
Retail (Upto 2 Lakh) 16 512 ₹ 197,632
S-HNI (2 Lakh to 10 Lakh) 17 544 ₹ 209,984
S-HNI (2 Lakh to 10 Lakh) 80 2560 ₹ 988,160
B-HNI (Above 10 Lakh) 81 2592 ₹ 1,000,512

IPO Timeline

  • Open Date

    24-Feb-2026

  • Close Date

    26-Feb-2026

  • Basis of Allotment Date

    27-Feb-2026

  • Initiation of Refunds

    02-Mar-2026

  • Credit Shares to Demat A/c

    02-Mar-2026

  • IPO Listing Date

    04-Feb-2026

About Company

  • The company was originally formed as a partnership firm under the name “Gadgil Metals and Commodities” in Pune on July 26, 2004. Subsequently, it was converted to a public limited company with the name PNGS Reva Diamond Jewellery Limited on December 20, 2024. The company’s promoters are P. N. Gadgil & Sons Limited, Govind Vishwanath Gadgil and Renu Govind Gadgil.
  • The company is a retail-focused jewellery brand involved in the business of selling a wide range of jewellery made using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. The company also retails plain platinum jewellery, including rings, bracelets and chains.
  • As of the date, the company has 34 Stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka, aggregating to an area of 647.15 Running Feet. The 34 stores are divided into 3 categories, namely, franchise-owned and company-operated (“FOCO”), franchise-owned and franchise-operated (“FOFO”), and company-owned and company-operated (“COCO”).
  • The company plans to expand its footprint to 15 brand-exclusive stores by FY 2028. These New Stores will be owned and operated by the Company and will sell jewellery under the “Reva” brand.
  • As of September 30, 2025, the company has curated 13 distinct jewellery collections through its in-house design team and curated selections from the third-party manufacturers and Karigars.
  • The company has consistently introduced new collections, launching 4, 6 and 3 new jewellery collections in FY 2025, 2024, and 2023, respectively.
  • The company has an arrangement with its Corporate Promoter, P. N. Gadgil & Sons Limited, to sell its products through the promoter’s online platform www.onlinepng.com, and it also plans to launch its own e-marketing website to generate online sales.
  • The company’s revenue grew by 29.84% from FY 2023 to FY 2025, reflecting the success of its customer engagement strategies. The number of bills for jewellery sold increased from 22,907 to 30,378 during the same period. Further, the average annual revenue per store for FY2025 was ? 7.82 crore, based on 33 stores.
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Strengths

  • Brand value and the legacy of the Promoters contribute to the market position, customer trust, and operational stability
  • Experienced Board of Directors provides diverse expertise across finance, business, retail and jewellery, which contributes to decision-making and long-term value creation
  • Regional expertise across Tier-1, Tier-2, and Tier-3 cities in Maharashtra, Gujarat and Karnataka contributes to overall operational efficiency while also building community trust and loyalty, word-of-mouth advocacy and brand reputation in the region
  • Diversified product portfolio across categories and price points helps to stay ahead of changing consumer preferences
  • Expertise in customised jewellery and high-value jewellery enhances revenue and brand prestige
  • Internal control and inventory processes and quality control assurance systems to support a growing organisation

Company Promoters

Company Financials

Company Financials (Restated)

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 352.70 226.84 158.33 123.93
Total Income 157.12 259.11 196.24 199.35
Profit After Tax 20.13 59.47 42.41 51.75
EBITDA 30.79 79.61 56.14 68.73
NET Worth 120.31 100.19 -28.50 -52.02
Reserves and Surplus 98.44 95.33 -37.64 -60.74
Total Borrowing 130.25 90.65    
Amount in ? Crore

Objects of the Issue

1 Funding expenditure towards setting-up of 15 New Stores 286.56
2 Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas 35.40
3 General corporate purposes

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

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