PNGS Reva Diamond Jewellery Share Price Falls Over 4% from Issue Price on Listing Day

PNGS Reva Diamond Jewellery IPO opened for subscription on Feb 24, 2026, and ended on Feb 26, 2026. The IPO is a book-built issue aggregating ₹380 crore. The offering comprises entirely a fresh issue of 0.98 crore equity shares amounting to ₹380 crore, with no offer-for-sale component.

The basis of allotment was finalised on February 27, 2026. The company’s shares were listed today, March 4, 2026, on both the BSE and NSE.

The price band for the IPO has been fixed at ₹386 per share. Investors are required to apply for a minimum lot size of 32 shares. At the upper end of the price band, the minimum investment amount for retail investors works out to ₹12,352 (32 shares × ₹386).

The PNGS Reva Diamond Jewellery IPO was subscribed 1.30 times overall. As of 6:54:33 PM on February 26, 2026 (Day 3), the retail portion was subscribed 1.37 times, the QIB category (excluding anchor investors) saw 1.10 times subscription, and the NII segment was subscribed 1.62 times.

PNGS Reva Diamond Jewellery Share Price

On the listing day, on the NSE, PNGS Reva Diamond Jewellery share price (NSE: PNGSREVA) opened at ₹375.00, down from its issue price of ₹386.00. At 10:15 AM, the share price was trading at ₹369.25, down by 1.53% from its open price and down by 4.34% from its issue price. As of the same time, the stock touched its day’s high at ₹380.00. The company’s market cap was ₹360.00 crore. 

On the BSE, at 10:17 AM, PNGS Reva Diamond Jewellery share price was trading at ₹372.25, up by 0.07% from its opening price of ₹372.00 and 3.56% down from its issue price of ₹386.

About PNGS Reva Diamond Jewellery Limited

Incorporated in 2004, PNGS Reva Diamond Jewellery operates in the jewellery segment, offering a diverse portfolio of diamond-studded jewellery crafted using precious and semi-precious stones set in gold and platinum. All products are marketed under the brand name “Reva.”

The company’s product portfolio includes rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nose rings, and chains, catering to various customer preferences and occasions. As of September 30, 2025, PNGS Reva Diamond Jewellery had developed 13 distinct jewellery collections, supported by an in-house design team as well as curated designs sourced from third-party manufacturers and karigars.

As per the Red Herring Prospectus (RHP), the company operated 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, covering an aggregate retail frontage of 647.15 running feet. Its store network functions under a mix of Franchise Owned Company Operated (FOCO), Franchise Owned Franchise Operated (FOFO), and Company Owned Company Operated (COCO) models.

Also Read: NSE Begins Process to Appoint Bankers for Proposed IPO Listing!

Conclusion

PNGS Reva Diamond Jewellery had a muted stock market debut, listing below its issue price on both exchanges. While the stock showed minor intraday movement, it continued to trade at a discount in early deals.

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.