PNGS Reva Diamond Jewellery IPO Set to Open on Feb 24: Fixed Price Band at ₹367 to ₹386

PNGS Reva Diamond Jewellery has submitted its Red Herring Prospectus (RHP) to the market regulator and announced the price band for its upcoming initial public offering (IPO).

The PNGS Reva Diamond Jewellery IPO is a book-built issue aggregating up to ₹380 crore. The entire offering comprises a fresh issue of approximately 0.98 crore equity shares, with no offer-for-sale component.

The IPO will open for subscription on February 24, 2026, and close on February 26, 2026. The basis of allotment is likely to be finalised on February 27, 2026. The company’s shares are proposed to be listed on the BSE and the National Stock Exchange (NSE), with a tentative listing date of March 4, 2026.

The price band for the issue has been fixed at ₹367 to ₹386 per share. Investors can apply in lots of 32 shares, translating into a minimum investment of ₹12,352 for retail applicants at the upper end of the price band.

Use of Proceeds

Funds raised through the fresh issue will primarily be deployed towards:

• Setting up 15 new brand-exclusive stores, with a strategic focus on Tier-1 cities and select Tier-2 locations in Maharashtra, along with expansion into other key metropolitan markets across India.
• Marketing and promotional initiatives to support the launch of these new outlets and strengthen brand recognition for its flagship label, “Reva.”
• Meeting general corporate requirements.

About PNGS Reva Diamond Jewellery Ltd

Established in 2004, PNGS Reva Diamond Jewellery is engaged in the manufacturing and retailing of diamond-studded jewellery. The company designs and offers jewellery crafted with diamonds and precious as well as semi-precious stones, set in gold and platinum, under its flagship brand “Reva.”

Its product portfolio spans a broad spectrum, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose rings, and chains, catering to varied customer preferences and occasions. As of September 30, 2025, the company had developed 13 distinct jewellery collections, supported by an in-house design team along with curated offerings sourced from third-party manufacturers and skilled karigars.

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As per the RHP, the company operated 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, covering a cumulative retail frontage of 647.15 running feet.

The retail network follows a mix of operating models, including Franchise Owned Company Operated (FOCO), Franchise Owned Franchise Operated (FOFO), and Company Owned Company Operated (COCO) formats.

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.