{"id":16255,"date":"2026-02-25T10:46:19","date_gmt":"2026-02-25T05:16:19","guid":{"rendered":"https:\/\/www.torusdigital.com\/toruscope\/?p=16255"},"modified":"2026-02-25T10:46:19","modified_gmt":"2026-02-25T05:16:19","slug":"pngs-reva-diamond-jewellery-limited-ipo-opens-key-details-investors-shouldnt-miss","status":"publish","type":"post","link":"https:\/\/www.torusdigital.com\/toruscope\/news\/pngs-reva-diamond-jewellery-limited-ipo-opens-key-details-investors-shouldnt-miss\/","title":{"rendered":"PNGS Reva Diamond Jewellery Limited IPO Opens: Key Details Investors Shouldn\u2019t Miss"},"content":{"rendered":"

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India\u2019s organised jewellery<\/a> retail segment continues to expand as branded players scale their footprint across Tier 1, Tier 2 and Tier 3 cities. Rising disposable income, aspirational buying, and increased preference for diamond studded jewellery are driving growth in this space.<\/p>\n

PNGS Reva Diamond Jewellery Limited has now launched its IPO. Here is a complete breakdown of IPO structure, financials, valuation and expansion plans.<\/p>\n

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IPO Snapshot<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n\n
Particular<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
IPO Type<\/td>\nBookbuilding Issue<\/td>\n<\/tr>\n
Issue Size<\/td>\n\u20b9380 crore<\/td>\n<\/tr>\n
Fresh Issue<\/td>\n98,44,559 shares<\/td>\n<\/tr>\n
Price Band<\/td>\n\u20b9367 to \u20b9386<\/td>\n<\/tr>\n
Lot Size<\/td>\n32 shares<\/td>\n<\/tr>\n
Face Value<\/td>\n\u20b910 per share<\/td>\n<\/tr>\n
Listing<\/td>\nBSE, NSE<\/td>\n<\/tr>\n
Market Cap (Pre IPO)<\/td>\n\u20b91,224.04 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Important IPO Dates<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Event<\/th>\nDate<\/th>\n<\/tr>\n<\/thead>\n
IPO Open<\/td>\nFebruary 24, 2026<\/td>\n<\/tr>\n
IPO Close<\/td>\nFebruary 26, 2026<\/td>\n<\/tr>\n
Allotment<\/td>\nFebruary 27, 2026<\/td>\n<\/tr>\n
Refund Initiation<\/td>\nMarch 2, 2026<\/td>\n<\/tr>\n
Shares Credited<\/td>\nMarch 2, 2026<\/td>\n<\/tr>\n
Listing Date<\/td>\nMarch 4, 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Lot Size & Investment Details<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n
Category<\/th>\nLots<\/th>\nShares<\/th>\nInvestment (\u20b9)<\/th>\n<\/tr>\n<\/thead>\n
Retail (Min)<\/td>\n1<\/td>\n32<\/td>\n12,352<\/td>\n<\/tr>\n
Retail (Max)<\/td>\n16<\/td>\n512<\/td>\n1,97,632<\/td>\n<\/tr>\n
sNII (Min)<\/td>\n17<\/td>\n544<\/td>\n2,09,984<\/td>\n<\/tr>\n
sNII (Max)<\/td>\n80<\/td>\n2,560<\/td>\n9,88,160<\/td>\n<\/tr>\n
bNII (Min)<\/td>\n81<\/td>\n2,592<\/td>\n10,00,512<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

IPO Reservation Breakup<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n\n
Category<\/th>\nShares<\/th>\nAllocation %<\/th>\n<\/tr>\n<\/thead>\n
QIB<\/td>\n73,75,919<\/td>\n74.92%<\/td>\n<\/tr>\n
Anchor<\/td>\n44,19,200<\/td>\n44.89%<\/td>\n<\/tr>\n
QIB (Ex Anchor)<\/td>\n29,56,719<\/td>\n30.03%<\/td>\n<\/tr>\n
NII<\/td>\n14,75,184<\/td>\n14.98%<\/td>\n<\/tr>\n
Retail<\/td>\n9,83,456<\/td>\n9.99%<\/td>\n<\/tr>\n
Employee<\/td>\n10,000<\/td>\n0.10%<\/td>\n<\/tr>\n
Total<\/td>\n98,44,559<\/td>\n100%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
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Anchor Investor Details<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n
Particular<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
Anchor Bid Date<\/td>\nFebruary 23, 2026<\/td>\n<\/tr>\n
Anchor Portion<\/td>\n\u20b9170.58 crore<\/td>\n<\/tr>\n
Shares Allotted<\/td>\n44,19,200<\/td>\n<\/tr>\n
50% Lock in Ends<\/td>\nMarch 29, 2026<\/td>\n<\/tr>\n
Remaining Lock in Ends<\/td>\nMay 28, 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

About PNGS Reva Diamond Jewellery Ltd<\/h1>\n

Founded in 2004, PNGS Reva Diamond Jewellery Limited operates under the brand name \u201cReva\u201d. The company designs and sells diamond studded jewellery set in gold and platinum.<\/p>\n

<\/span>Product Portfolio<\/span><\/h3>\n

\u2022 Rings
\u2022 Earrings
\u2022 Necklaces
\u2022 Pendants
\u2022 Solitaires
\u2022 Bangles
\u2022 Bracelets
\u2022 Mangalsutra
\u2022 Nose Rings
\u2022 Chains<\/p>\n

<\/span>Retail Presence<\/span><\/h3>\n
\n
\n\n\n\n\n\n\n\n\n\n
Particular<\/th>\nDetails<\/th>\n<\/tr>\n<\/thead>\n
Total Stores<\/td>\n34<\/td>\n<\/tr>\n
Cities<\/td>\n25<\/td>\n<\/tr>\n
States<\/td>\nMaharashtra, Gujarat, Karnataka<\/td>\n<\/tr>\n
Store Models<\/td>\nFOCO, FOFO, COCO<\/td>\n<\/tr>\n
Total Retail Area<\/td>\n647.15 Running Feet<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

The company plans to expand by setting up 15 new stores using IPO proceeds.<\/p>\n

\n

Financial Performance (\u20b9 Crore)<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
Particular<\/th>\nSep 30, 2025<\/th>\nMar 31, 2025<\/th>\nMar 31, 2024<\/th>\nMar 31, 2023<\/th>\n<\/tr>\n<\/thead>\n
Assets<\/td>\n352.70<\/td>\n226.84<\/td>\n158.33<\/td>\n123.93<\/td>\n<\/tr>\n
Total Income<\/td>\n157.12<\/td>\n259.11<\/td>\n196.24<\/td>\n199.35<\/td>\n<\/tr>\n
Profit After Tax<\/td>\n20.13<\/td>\n59.47<\/td>\n42.41<\/td>\n51.75<\/td>\n<\/tr>\n
EBITDA<\/td>\n30.79<\/td>\n79.61<\/td>\n56.14<\/td>\n68.73<\/td>\n<\/tr>\n
Net Worth<\/td>\n120.31<\/td>\n100.19<\/td>\n-28.50<\/td>\n-52.02<\/td>\n<\/tr>\n
Total Borrowings<\/td>\n130.25<\/td>\n90.65<\/td>\n\u2014<\/td>\n\u2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Key Performance Metrics<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n\n\n
KPI<\/th>\nSep 2025<\/th>\nMar 2025<\/th>\n<\/tr>\n<\/thead>\n
ROE<\/td>\n18.3%<\/td>\n165.9%<\/td>\n<\/tr>\n
ROCE<\/td>\n25.2%<\/td>\n79.8%<\/td>\n<\/tr>\n
Debt\/Equity<\/td>\n1.10<\/td>\n0.90<\/td>\n<\/tr>\n
PAT Margin<\/td>\n12.85%<\/td>\n23.04%<\/td>\n<\/tr>\n
EBITDA Margin<\/td>\n19.65%<\/td>\n41.81%<\/td>\n<\/tr>\n
Price to Book<\/td>\n\u2014<\/td>\n8.42<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Valuation Metrics<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n
Metric<\/th>\nValue<\/th>\n<\/tr>\n<\/thead>\n
EPS (Pre IPO)<\/td>\n\u20b935.21<\/td>\n<\/tr>\n
P\/E (Pre IPO)<\/td>\n10.96x<\/td>\n<\/tr>\n
Promoter Holding (Pre IPO)<\/td>\n87.45%<\/td>\n<\/tr>\n
Promoter Holding (Post IPO)<\/td>\n60.31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

IPO Objects<\/h1>\n
\n
\n\n\n\n\n\n\n\n\n
Objective<\/th>\nAmount (\u20b9 Crore)<\/th>\n<\/tr>\n<\/thead>\n
Setting up 15 New Stores<\/td>\n286.56<\/td>\n<\/tr>\n
Marketing & Brand Promotion<\/td>\n35.40<\/td>\n<\/tr>\n
General Corporate Purposes<\/td>\nBalance<\/td>\n<\/tr>\n
Total Planned Utilisation<\/td>\n321.96<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n
\n

Industry Outlook<\/h1>\n

\u2022 Rising demand for branded diamond jewellery
\u2022 Increasing organised retail penetration
\u2022 Expansion across Tier 2 and Tier 3 cities
\u2022 Growing aspirational spending in jewellery
\u2022 Seasonal and occasion driven buying trends<\/p>\n

\n

Conclusion<\/h1>\n

PNGS Reva Diamond Jewellery Limited operates in the organised diamond jewellery retail segment with an expanding footprint across western India. The IPO proceeds will fund store expansion and brand visibility initiatives.<\/p>\n

While the company has shown revenue growth and improved profitability, investors should evaluate valuation, expansion execution risks, and jewellery sector volatility before applying.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n

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