IPO Filing Alert: PNGS Reva Diamond Jewellery Submits DRHP to SEBI

India's IPO market is abuzz, with several companies submitting draft papers to SEBI in preparation for their debut on the stock exchanges. Among them is PNGS Reva Diamond Jewellery.

PNGS Reva Diamond Jewellery was established following a slump sale by its promoter, P N Gadgil & Sons Ltd, through which it divested its diamond jewellery business.

PNGS Reva Diamond Jewellery IPO details

Pune-based jewellery brand PNGS Reva Diamond Jewellery is moving closer to its stock market debut, having filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

The company intends to raise ₹450 crore through the IPO, which will consist solely of a fresh issue of equity shares, each with a face value of ₹10.

Use of Proceeds and Store Rollout Plan

PNGS Reva Diamond Jewellery stated that a portion of the proceeds from the fresh issue, amounting to ₹286.56 crore, will be allocated towards establishing 15 new stores by the end of Fiscal 2028. Additionally, the company plans to utilise ₹35.40 crore for marketing and promotional activities associated with the launch of these stores, with the objective of boosting local brand recognition and increasing the visibility of its flagship brand, “Reva”, in each target market. The remaining funds will be used for general corporate purposes.

Financial Performance of PNGS Reva Diamond Jewellery

PNGS Reva Diamond Jewellery reported a 32% increase in revenue from operations, rising to ₹258.18 crore in the financial year 2025 from ₹195.63 crore in the previous year. Meanwhile, its profit grew by 40%, reaching ₹59.47 crore in FY25, up from ₹42.41 crore in the preceding fiscal.

Read More: Earthood Services Refiles DRHP with SEBI for IPO!

Conclusion

PNGS Reva Diamond Jewellery is preparing for its public listing while continuing to expand its presence and grow its business. The company has shown steady financial growth and is taking steps to strengthen its brand through new store openings and increased visibility.

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