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PNGS Reva Diamond IPO
Price Band
₹367.0–386.0
Issue Size
₹379.52 Cr
Lot Size
32 shares
Min Investment
₹12,352
GMP
₹-20.0 (-5.18%)
Issue Price
₹386.0
PNGS Reva Diamond IPO AI Summary
- PNGS Reva Diamond IPO is listed on BSE, NSE in the Gems, Jewellery And Watches sector.
- Price band: ₹367.0–₹386.0 per share, lot size 32 shares (min. investment ₹12,352).
- Subscription window: 24 Feb–26 Feb 2026, listing on 04 Mar 2026.
- Current GMP is ₹-20.0 (-5.18%), an estimated listing price of ₹366 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
PNGS Reva Diamond IPO Grey Market Premium (GMP) Today
GMP
₹-20.0
GMP %
-5.18%
Est. Listing
₹366.0
Updated: 14 Jul 2026 15:52
About the Company
PNGS Reva Diamond Jewellery operates in the jewellery sector, offering a diverse range of products crafted from diamonds and precious or semi-precious stones set in metals such as gold and platinum. All jewellery is marketed under the brand name, “Reva.” The company’s portfolio includes rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose rings, and chains, designed to cater to various customer preferences and occasions. As of September 30, 2025, Reva features 13 unique jewellery collections, comprising designs created by its in-house design team as well as curated selections from third-party manufacturers and Karigars At the time of the Draft Red Herring Prospectus (RHP), the company operated 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, covering a total area of 647.15 running feet. Reva’s stores are managed through a mix of operational models: Franchise Owned Company Operated (FOCO), Franchise Owned Franchise Operated (FOFO), and Company Owned Company Operated (COCO). Competitive Strengths: The brand value and the legacy of our Promoters contribute to our market position, customer trust, and operational stability. The 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 us to stay ahead of changing consumer preferences
Company Financials (₹ Cr)
As of 2025-09-30
| 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 |
Key Ratios
EPS
₹35.21
NAV
₹45.82
ROE
165.9%
ROCE
79.8%
RoNW
59.36%
P/B Value
8.42
P/E Ratio
10.96
Market Cap
₹1224.04 Cr
PAT Margin
23.04%
Debt/Equity
0.90
Promoters
P.N.Gadgil & Sons Ltd., Govind Vishwanath Gadgil and Renu Govind Gadgil
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 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 the flagship brand, Reva, in their respective areas 35.40 3 General Corporate Purposes 27.16 4 Issue Expenses 30.39 Total 379.52
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹199.35 Cr in the period ending 31 Mar 2023, decreasing to ₹196.24 Cr by 31 Mar 2024, then rising to ₹259.11 Cr by 31 Mar 2025, before falling to ₹157.12 Cr in the most recent period ending 30 Sep 2025. This last figure is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was ₹51.75 Cr in the period ending 31 Mar 2023, decreasing to ₹42.41 Cr by 31 Mar 2024, then rising to ₹59.47 Cr by 31 Mar 2025, before falling to ₹20.13 Cr in the most recent period ending 30 Sep 2025. This last figure is a 9-month figure, not a full year, so isn't directly comparable.
Grey Market Premium, Explained
The Grey Market Premium (GMP) reflects the price at which shares are expected to trade in the unofficial market before they are listed on the stock exchange. A positive GMP indicates strong demand, while a negative GMP suggests weak demand or concerns about the IPO's performance.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and overall financial health.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid this IPO, especially if they are concerned about the company's recent financial performance and market conditions.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 24 February 2026, closes on 26 February 2026, allotment is on 27 February 2026, and the listing date is set for 4 March 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are sold on the first day of trading. However, there are risks involved, as market conditions can change rapidly, and actual listing prices may differ from expectations based on the GMP.
This evaluation is generated from PNGS Reva Diamond's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is PNGS Reva Diamond IPO GMP today?
PNGS Reva Diamond IPO GMP today is ₹-20.0 (-5.18%), indicating an estimated listing price of ₹366. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of PNGS Reva Diamond IPO?
The price band of PNGS Reva Diamond IPO is ₹367.0–₹386.0 per share.
When does PNGS Reva Diamond IPO open and close?
PNGS Reva Diamond IPO opens on 24 February 2026 and closes on 26 February 2026.
When does PNGS Reva Diamond IPO list on the stock exchange?
PNGS Reva Diamond IPO listed on 04 March 2026 at ₹366.0.
What is the lot size for PNGS Reva Diamond IPO?
The lot size for PNGS Reva Diamond IPO is 32 shares, requiring a minimum investment of ₹12,352.
What is the price band for the PNGS Reva Diamond IPO?
The price band for the IPO is ₹367.0 to ₹386.0.
What is the minimum investment required?
The minimum investment required is ₹12,352.0.
What is the lot size for this IPO?
The lot size for this IPO is 32 shares.
When is the listing date for the IPO?
The listing date for the IPO is 4 March 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price movement of the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Feb 2026
Close
26 Feb 2026
Allotment
27 Feb 2026
Listing
04 Mar 2026
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