PNGS Reva Diamond Jewellery IPO Allotment to Be Finalised on February 27

The share allotment for PNGS Reva Diamond Jewellery’s ₹380-crore initial public offering (IPO) will be finalised on Friday, February 27, after the issue saw full subscription on the final day of bidding, supported by healthy demand from retail and non-institutional investors (NIIs).

According to data available on the National Stock Exchange of India (NSE), the IPO was subscribed 1.23 times overall. Investors placed bids for 70.31 lakh shares against 57.06 lakh shares on offer.

• Qualified Institutional Buyers (QIBs): 1.04 times
• Retail Individual Investors (RIIs): 1.29 times
• Non-Institutional Investors (NIIs): 1.54 times

The stronger traction in the retail and NII segments helped the issue cross the subscription mark on Day 3.

Shares will be credited to successful applicants’ demat accounts on March 2. Refunds for unsuccessful bidders will also be initiated the same day. The stock is scheduled to list on the NSE and BSE on March 4. The IPO was open for subscription from February 24 to February 26. Ahead of the public issue, the company raised ₹170.58 crore from anchor investors.

PNGS Reva Diamond Jewellery IPO Details 

The price band was fixed at ₹367–₹386 per share, with a minimum lot size of 32 shares. The offering comprised entirely a fresh issue, with no offer-for-sale component.

Proceeds from the IPO will be used to:

• Open 15 new stores by FY28
• Fund branding, marketing and promotional expenses for the ‘Reva’ brand
• Meet general corporate purposes

How to Check PNGS Reva Diamond Jewellery Allotment Status?

Investors can verify their allotment status through the websites of the stock exchanges or the registrar, Bigshare Services Pvt Ltd.

On BSE:

1. Select ‘Equity’ under Issue Type.
2. Choose ‘PNGS Reva Diamond Jewellery’ from the dropdown.
3. Enter your application number or PAN.
4. Complete captcha verification and click ‘Search’.

On NSE 

1. Click on ‘Equity & SME IPO bid details’.
2. Select ‘PNGS’ from the symbol dropdown.
3. Enter your application number and PAN.
4. Submit the details.

On the Bigshare Services Portal

1. Select the company name from the dropdown menu.
2. Choose identification mode (application number, beneficiary ID or PAN).
3. Enter the required details.
4. Complete the captcha and click ‘Search’.

About PNGS Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery was carved out after its promoter, P N Gadgil & Sons Ltd, transferred its diamond jewellery business into a separate retail-focused entity through a slump sale.

As of March 31, 2025, the Pune-based company operated 33 stores across 25 cities in Maharashtra, Gujarat and Karnataka.

Financially, the company reported strong growth in FY25:

• Revenue rose 32% year-on-year to ₹258.18 crore from ₹195.63 crore.
• Net profit increased 40% to ₹59.47 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.