PNGS Reva Diamond Jewellery Ltd is preparing to enter the capital markets with its initial public offering while outlining plans to expand its retail footprint across India.
The Pune based company intends to utilise a significant portion of the funds raised to establish new company owned outlets, strengthen brand visibility, and support business growth within the domestic jewellery market.
The company’s initial public offering will open for subscription with an issue size of ₹380 crore, comprising a fresh issue of equity shares. The price band has been set between ₹367 and ₹386 per share, with the offer scheduled to close on 26 February.
According to the company, the IPO proceeds are intended to support expansion initiatives and enhance operational capabilities as it scales its retail operations.
A major portion of the capital raised will be directed towards opening 15 new retail stores, with a planned investment of approximately ₹287 crore. These outlets will be fully owned and operated by the company, allowing it to maintain control over operations and customer experience.
Around 60% of the proposed stores are expected to be located in Maharashtra, reflecting the company’s focus on strengthening its presence in familiar regional markets while gradually widening its footprint.
In addition to store expansion, the company has allocated about ₹35.4 crore towards marketing and promotional activities linked to the launch of the new outlets. These initiatives are intended to improve brand visibility and support customer acquisition as the retail network expands.
PNGS Reva Diamond Jewellery reported revenue from operations of ₹156.7 crore during the first six months of the current financial year, with net profit reaching ₹20.1 crore for the same period.
In the previous financial year, revenue increased to ₹258 crore compared with ₹195.6 crore a year earlier. Net profit also rose to ₹59.4 crore from ₹42.4 crore, indicating steady operational growth.
The company currently operates 34 stores across 25 cities in Maharashtra, Gujarat and Karnataka. Its business model remains focused on domestic sales, with no exports of diamond jewellery at present.
Promoters presently hold an 87% stake in the company, which is expected to reduce to around 60% following the IPO.
Read More: Fractal Industries Shares List at 6% Premium on BSE SME Following ₹49 Crore IPO.
PNGS Reva Diamond Jewellery’s proposed IPO comes alongside a clear plan to expand its retail presence through company owned outlets and targeted marketing investments. The strategy reflects an effort to strengthen its position in the domestic jewellery market while supporting long term operational growth through increased physical reach.
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 or 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 related documents carefully before investing.
Published on: Feb 24, 2026, 3:08 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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