
PNGS Reva Diamond Jewellery IPO Review 2026: GMP Rises 5.70%, Key Investor Insights
Posted by : Neeraj Pandey | Fri Feb 20 2026

PNGS Reva Diamond Jewellery IPO is open for bidding from 24th February 2026 to 26th February 2026. It is a bookbuilding IPO of ₹380.00 crore, comprising an entirely fresh issue of 0.98 crore shares. The issue will be listed on BSE and NSE on its tentative listing date, 4th March 2026.
PNGS Reva Diamond Jewellery IPO Details
The PNGS Reva Diamond Jewellery IPO date is fixed between 24th February 2026 to 26th February 2026. The face value of PNGS Reva Diamond Jewellery shares stands at ₹10 per share, and the IPO Issue price band is set at ₹367 to ₹386 per share
Bigshare Services Private Limited is the registrar of the PNGS Reva Diamond Jewellery IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 27th February 2026 |
| IPO Open Date | 24th January 2026 |
| IPO Close Date | 26th February 2026 |
| Refund Initiation | 2nd March 2026 |
| Issue Size | 98,44,559 shares(agg. up to ₹380 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 32 Shares |
| Issue Price | ₹367 to ₹386 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE NSE |
| Listing Date | 4th March 2026 |
PNGS Reva Diamond Jewellery IPO Share Reservation
Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.98 crore shares, worth ₹380.00 crore. PNGS Reva Diamond Jewellery IPO Limited shares will be listed on the BSE and the NSE Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Issue |
| Retail Shares Offered | Not more than 10% of the Issue |
PNGS Reva Diamond Jewellery IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the PNGS Reva Diamond Jewellery IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 26-2-2026 | – | – | – | – |
| 25-2-2026 | – | – | – | – |
| 24-2-2026 | ₹386.00 | ₹22.00 | ₹408.00 | 5.70% |
| 23-2-2026 | ₹386.00 | ₹22.00 | ₹408.00 | 5.70% |
| 22-2-2026 | ₹386.00 | ₹22.00 | ₹408.00 | 5.70% |
| 21-2-2026 | ₹386.00 | ₹22.00 | ₹408.00 | 5.70% |
| 20-2-2026 | ₹386.00 | ₹22.00 | ₹408.00 | 5.70% |
| 19-2-2026 | ₹386.00 | ₹18.00 | ₹404.00 | 4.66% |
| 18-2-2026 | ₹386.00 | ₹21.00 | ₹407.00 | 5.44% |
| 17-2-2026 | ₹386.00 | ₹18.00 | ₹404.00 | 4.66% |
| 16-2-2026 | ₹386.00 | ₹20.00 | ₹406.00 | 5.18% |
| 15-2-2026 | ₹386.00 | ₹20.00 | ₹406.00 | 5.18% |
| 14-2-2026 | ₹386.00 | ₹20.00 | ₹406.00 | 5.18% |
| 13-2-2026 | ₹386.00 | ₹20.00 | ₹406.00 | 5.18% |
| 12-2-2026 | ₹0.00 | ₹20.00 | ₹20.00 | 0.00% |
| 11-2-2026 | ₹0.00 | ₹20.00 | ₹20.00 | 0.00% |
As of 24th February 2026, PNGS Reva Diamond Jewellery IPO GMP stands at ₹22.00 per share, which means the share will likely list at ₹408.00 on its tentative listing date, 4th March 2026.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the PNGS Reva Diamond Jewellery IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
PNGS Reva Diamond Jewellery IPO GMP Review

Check out the detailed PNGS Reva Diamond Jewellery GMP IPO review for a thorough understanding of its potential to report listing gains on 4th March 2026. The PNGS Reva Diamond Jewellery IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the PNGS Reva Diamond Jewellery IPO.
PNGS Reva Diamond Jewellery Limited’s revenue increased by 32.03% from ₹196.24 crores in March 2024 to ₹259.11 crores in March 2025. Moreover, the company’s PAT increased by 40.22% from ₹42.41 crores in March 2024 to ₹59.47 crores in March 2025.
PNGS Reva Diamond Jewellery IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the PNGS Reva Diamond Jewellery IPO, with its tentative listing day set for 4th March 2026.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the PNGS Reva Diamond Jewellery IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 10.96 |
| EPS (Earnings Per Share) | 35.21 |
| RoNW | 16.73% |
| ROCE | 25.2% |
| ROE | 18.3% |
| EBITDA Margin | 19.65% |
| Price to Book Value | – |
| Market Capitalisation | ₹1,224.04 Cr |
The P/E ratio of PNGS Reva Diamond Jewellery Limited shares is 35.21, and its Earnings Per Share (EPS) stands at 35.21. Thus, the PNGS Reva Diamond Jewellery IPO can deliver gains on its tentative listing date, 4th March 2026.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of PNGS Reva Diamond Jewellery Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 10.96 | – |
| EPS | 35.21 | – |
PNGS Reva Diamond Jewellery IPO Subscription Status
The PNGS Reva Diamond Jewellery IPO will open for bidding on 24th February 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live PNGS Reva Diamond Jewellery IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Subscribed | Subscription to the Times |
| QIB Shares Offered | Not less than 75% of the Issue | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | Not more than 15% of the Issue | Yet to be announced | Yet to be announced |
| Retail Shares Offered | Not more than 10% of the Issue | Yet to be announced | Yet to be announced |
About PNGS Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery was incorporated in the year 2004. PNGS Reva Diamond Jewellery is involved in the jewellery business. The company provides various types of jewellery, which are set with diamonds and precious and semi-precious stones into precious metals like gold and platinum. All the products are provided under the brand name, “Reva”. The company provides a variety of products such as rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to suit various customer groups and occasions. As of September 30, 2025, it has 13 different jewellery collections, including in-house designers and carefully selected from our third-party manufacturers and Karigars. As on the date of RHP, the company had 34 Stores spread across 25 cities in the states of Maharashtra, Gujarat, and Karnataka, in aggregate covering an area of 647.15 Running Feet. The company operates its stores through Franchise owned and company operated (FOCO), franchise owned and franchise operated (“FOFO”), and company owned and company operated (“COCO”) business model.
PNGS Reva Diamond Jewellery Limited Financials
The company’s financial analysis is essential before applying for the PNGS Reva Diamond Jewellery IPO. See the table for PNGS Reva Diamond Jewellery Limited’s financials.
| Year Ended | 30th Sep 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 352.70 | 226.84 | 158.33 | 123.93 |
| Revenue | 157.12 | 259.11 | 196.24 | 199.35 |
| Profit After Tax | 20.13 | 59.47 | 42.41 | 51.75 |
| EBITDA | 30.79 | 79.61 | 56.14 | 68.73 |
| Net Worth | 120.31 | 100.19 | -28.50 | -52.02 |
| Reserves and Surplus | 98.44 | 95.33 | -37.64 | -60.74 |
| Total Borrowings | 130.25 | 90.65 | – | – |
Explanation
PNGS Reva Diamond Jewellery Limited’s revenue increased by 32.03% from ₹196.24 crores in March 2024 to ₹259.11 crores in March 2025. Moreover, the company’s PAT increased by 40.22% from ₹42.41 crores in March 2024 to ₹59.47 crores in March 2025.
PNGS Reva Diamond Jewellery Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.
| Shareholding Pre-Issue | 87.45% |
| Shareholding Post-Issue | 60.31% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of the PNGS Reva Diamond Jewellery IPO
The primary aim of the PNGS Reva Diamond Jewellery IPO is to raise ₹380.00 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.
- To fund expenditure towards setting-up of 15 New Stores
- To Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of the flagship brand, “Reva”, in their respective areas
- To General Corporate Purposes
Should I Invest in the PNGS Reva Diamond Jewellery IPO?
Explore the pros and cons of the PNGS Reva Diamond Jewellery to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the PNGS Reva Diamond Jewellery IPO
- The company’s brand value and the legacy of our promoters contribute to our market position, customer trust, and operational stability.
- The company has an experienced Board of Directors that brings diverse expertise across finance, business, retail, and jewellery, contributing to decision-making and long-term value creation.
- The Company’s Diversified product portfolio across categories and price points helps us to stay ahead of changing consumer preferences
Cons of the PNGS Reva Diamond Jewellery IPO
- The company has a heavy dependence on parent & related-party risk.
- The company has a small-scale, limited track record.
- The company has competitive pressure.
How to Apply for the PNGS Reva Diamond Jewellery IPO?

Check the steps mentioned below to apply for PNGS Reva Diamond Jewellery Ltd.
- Step 1: Conduct thorough research on the PNGS Reva Diamond Jewellery IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 1 lots of 32 shares worth ₹12,532.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the PNGS Reva Diamond Jewellery IPO across multiple demat accounts to increase your chances of allotment.
How to Check the PNGS Reva Diamond Jewellery IPO Allotment Status?
You can check for the PNGS Reva Diamond Jewellery IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the PNGS Reva Diamond Jewellery IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your PNGS Reva Diamond Jewellery IPO allotment status.
Let’s Wrap
PNGS Reva Diamond Jewellery IPO is a bookbuilding issue of shares worth ₹380.00 crores. The shares of PNGS Reva Diamond Jewellery Limited will be listed on BSE and NSE on its tentative listing date of 4th March 2026. Researching the PNGS Reva Diamond Jewellery IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on PNGS Reva Diamond Jewellery IPO
How is the PNGS Reva Diamond Jewellery IPO?
Ans. Currently, on 24th February 2026, the PNGS Reva Diamond Jewellery GMP (Grey Market Premium) stands at ₹22. It indicates that the estimated listing price could be ₹408.00 per share. It is a bookbuilding IPO of ₹380.00 shares. The face value of each PNGS Reva Diamond Jewellery share is ₹10 per share.
What is the PNGS Reva Diamond Jewellery IPO price?
Ans. The PNGS Reva Diamond Jewellery IPO issue price band is set at ₹367 to ₹386 per share.
Is the PNGS Reva Diamond Jewellery IPO a good investment?
Ans. PNGS Reva Diamond Jewellery Limited’s revenue increased by 32.03% from ₹196.24 crores in March 2024 to ₹259.11 crores in March 2025. Moreover, the company’s PAT increased by 40.22% from ₹42.41 crores in March 2024 to ₹59.47 crores in March 2025.
Who is the registrar of the PNGS Reva Diamond Jewellery IPO?
Ans. Bigshare Services Private Limited is the registrar for the PNGS Reva Diamond Jewellery IPO, awaiting the allotment process and initiating refunds. For any queries regarding the PNGS Reva Diamond Jewellery allotment and refund, you can contact Bigshare Services Private Limited at ipo@bigshareonline.com or at +91-22-6263 8200.
What is the issue size of the PNGS Reva Diamond Jewellery IPO?
Ans. PNGS Reva Diamond Jewellery IPO is a bookbuilding IPO of ₹380.00 crores. Moreover, the IPO is set to open on 24th February 2026 and close on 26th February 2026.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the PNGS Reva Diamond Jewellery IPO, download the PNGS Reva Diamond Jewellery IPO RHP and PNGS Reva Diamond Jewellery IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
Recent Articles
Yashhtej Industries IPO Day 2: Subscription at 0.29x, GMP Rises 20.91% | Live Updates
Fractal Industries IPO Listing Preview: What to Expect Now?
Marushika Technology IPO Listing at 2.56% Premium at ₹120.00 Per Share
Kiaasa Retail IPO Review 2026: GMP Flat, Key Investor Insights
Mobilise App Lab IPO Review 2026: GMP Rises 16.25%, Key Investor Insights
Accord Transformer & Switchgear IPO Review 2026: GMP Rises 21.74%, Key Investor Insights
Shree Ram Twistex IPO Review 2026: GMP Rises 4.81%, Key Investor Insights
Clear Max Envior Energy Solutions IPO Review 2026: GMP Rises 0.66%, Key Investor Insights
Related Posts
IEX Share Price Falls 25.96% YoY: What Went Wrong & What’s the Target
Yashhtej Industries IPO Allotment Status: 1.05x Subscribed, GMP Rises 1.82% — Check Online
Manilam Industries IPO Day 1: Subscription at 0.03x, GMP Flat | Live Updates
Yashhtej Industries IPO Day 3: Subscription at 0.92x, GMP Rises 10.91% | Live Updates

