Last updated on February 27th, 2026 at 08:26 am
| Check PNGS Reva DRHP filing with SEBI. | Check PNGS Reva IPO allotment status |
PNGS Reva Diamond Jewellery Limited, a prominent player in the premium diamond and gemstone jewellery segment, it offers its products under the “Reva” brand and has plans to open 15 new “brand-exclusive” Reva stores by year 2028 under its IPO plan.
As part of the esteemed P.N. Gadgil legacy, the company specializes in contemporary diamond-studded gold and platinum jewellery and focuses on customization and craftsmanship.
The IPO is entirely a fresh issue, and its aim is to fuel expansion by setting up new stores and enhancing brand visibility.
With its strong financial growth and high margins, the IPO is drawing keen interest from retail and institutional investors.
Through the IPO, PNGS Reva will raise ₹ 380 Crore. Which completely being the Fresh Issue of ₹ 380 Crore and No Offer for Sale.
Subscription date to apply for the IPO begins on 24th Feb.
Revenue, PAT, EBITDA of PNGS Reva Diamond Jewellery Limited
| Year | FY 2025 |
| Networth | ~ ₹ 246.33 Cr |
| Revenue: | ~ ₹ 258.18 Cr |
| EBITDA | ~ ₹ 79.61 Cr |
| PAT | ~ ₹ 59.47 Cr |
| EBITDA Margin: | ~30.83% |
| PAT Margin | ~23.04% |
PNGS Reva Diamond Jewellery Limited Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 198.8 | ₹ 51.7 | ₹ 123.9 | ₹ 60.2 |
| 2024 | ₹ 195.6 | ₹ 42.4 | ₹ 158.3 | ₹ 102.6 |
| 2025 | ₹ 258.2 | ₹ 59.5 | ₹ 226.8 | ₹ 246.3 |
PNGS Reva Diamond Jewellery Limited IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 27-Feb | ₹ 367-386 | ₹ –1 | Negative | ₹ 386 | ₹-23 |
| 26-Feb | ₹ 367-386 | ₹ –1 | Negative | ₹ 386 | ₹-23 |
| 25-Feb | ₹ 367-386 | ₹ 1.5 | Positive | ₹ 386 | ₹ 34 |
| 24-Feb | ₹ 367-386 | ₹ 9 | Positive | ₹ 386 | ₹ 204 |
| 23-Feb | ₹ 367-386 | ₹ 18 | Positive | ₹ 386 | ₹ 408 |
| 22-Feb | ₹ 367-386 | ₹ 17 | Positive | ₹ 393 | ₹ 544 |
| 21-Feb | ₹ 367-386 | ₹ 16 | Positive | ₹ 392 | ₹ 512 |
| 20-Feb | ₹ 367-386 | ₹ 16 | Positive | ₹ 392 | ₹ 512 |
PNGS Reva Diamond Jewellery Limited IPO Pros & Cons
Strengths:
- Plans to raise ₹450 Cr via IPO, fully fresh issue.
- Strong parentage: spun off from 190‑year-old P.N. Gadgil & Sons.
- High growth: FY25 revenue up ~32%, profit up ~40%.
- Capital allocation: ₹286.6 Cr earmarked to open 15 new stores by FY28.
- Modern, design-led “Reva” brand targeting affordable diamond buyers.
Risks:
- High dependence on gold and diamond prices – volatile raw‑material cost risk .
- Geographic concentration: only 33 stores in 25 cities (mainly Maharashtra, Gujarat, Karnataka).
- Rising debt: borrowings jumped to ₹90.6 Cr in FY25.
- No online sales channel, limiting reach and diversification.
PNGS Reva Diamond Jewellery Limited: IPO date & invest detail
| IPO Open Date: | 24-Feb’26 |
| IPO Close Date: | 26-Feb’26 |
| Anchor Investor Bidding | 23-Feb’26 |
| IPO Allotment Date: | 27-Feb’26 |
| Refunds & Demat Credit | 02-Mar’26 |
| Tentative Listing Date: | 04-Mar’26 |
| IPO Category | Mainboard |
| Symbol | |
| Face Value: | Rs. 10 per Equity Share |
| Issue Size: | ₹ 380 Cr |
| Lot Size: | 32 |
PNGS Reva Diamond Jewellery Limited IPO Composition & Proceeds
| Fresh Issue: | ₹ 380 Crore |
| Offer for Sale: | N/A |
| Employee reservation | – |
| Price Range | ₹ 367-386 |
| Use of Proceeds: | |
| Funding expenditure | ~ ₹ 286.56 Cr |
| Marketing and promotional | ~ ₹ 35.47 Cr |
| General Corporate Purpose | Balance |
| Technology & Infrastructure | – |
| IPO Listing on: | BSE – NSE |
| Retail Quota: | ≤ 10% |
| QIB Quota: | ≥75% |
| NII Quota: | ≤ 15% |
PNGS Reva Diamond Jewellery Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 32 | 1 | 32 | ₹ 12,352 |
| Retail (Max) | 32 | 16 | 512 | ₹ 1,97,632 |
| Small HNI (Min) | 32 | 17 | 544 | ₹ 2,09,984 |
| Small HNI (Max) | 32 | 80 | 2,560 | ₹ 9,88,160 |
| Big HNI (Min) | 32 | 81 | 2,592 | ₹ 10,00,512 |
Core Offerings of PNGS Reva Diamond Jewellery Limited
PNGS Reva are designer & retailer of diamond and gemstone jewellery set in gold and platinum, including rings, earrings, pendants, necklaces, bangles, and bracelets. It also offers plain platinum jewellery, combining traditional craftsmanship with modern designs to cater to premium and affordable segments.
No. of Stores/PNGS Reva Diamond Jewellery Limited ‘s customer reach/market share
As of March 2025, PNGS Reva has 33 stores across 25 cities (Maharashtra, Gujarat, Karnataka), mostly via shop‑in‑shop model i.e. its stores are located within retail outlets of its promoter.
PNGS Reva Diamond Jewellery Limited Promoters – Pre offer equity (Approx)
| Govind Vishwanath Gadgil | ~31.90% |
| Renu Govind Gadgil | ~31.90% |
| P.N. Gadgil & Sons Ltd | ~19.24% |
Lead Managers / Registrars of PNGS Reva Diamond Jewellery Limited
| Lead / Book Running Lead Managers | Smart Horizon Capital Advisors Pvt. Ltd. |
| Registrar (RTA) | Bigshare Services Pvt. Ltd. |
Founding Year of PNGS Reva Diamond Jewellery Limited & Managing Director
The business originated as a partnership firm Gadgil Metals and Commodities, founded in 2004. Later it was incorporated as a public limited company in December 2024, after converting from a partnership.
Mr. Amit Yeshwant Modak is the MD & CEO of the company.
PNGS Reva Diamond Jewellery Limited FAQ
Q1. What is the business of PNGS Reva Diamond Jewellery Limited?
PNGS Reva designs and retails diamond and precious‑stone jewellery set in gold and platinum, marketed under its flagship “Reva” brand. It also sells plain platinum jewellery like rings, bracelets, and chains.
Q2. Why is the company raising funds via IPO?
The IPO proceeds (₹ 380 ) will be used to open 15 new stores by FY 2028 (₹286.56 cr), spend ₹35.40 cr on marketing/promotions, and support general corporate purposes.
Q3. What is the size of the issue and where will it list?
The IPO is a ₹ 380 crore all‑fresh issue (face value ₹10 per share), set to list on both the NSE and BSE.
Q4. What are the risks to an investor?
No prior public market track record, volatile diamond and gold prices, and the uncertainty of future store rollouts (depends on successful expansion).
Q5. What are the potential upsides?
Positive points include strong growth demonstrated (FY 2025 revenue +32%, profit +40%), high brand potential with expansion plan, and rising demand for branded diamond jewellery.
Q6. How to apply for the IPO?
Retail investors can apply via ASBA (block funds in bank account until allotment) through their broker or bank’s IPO application system.
Q 7. When is the tentative listing date?
The IPO launch date is on 24th Feb’26 & listing date is on 04-Mar’26.
For more amazing blogs click here (IPO Corner).
For further information you can visit official website of PNGS Reva
