PNGS Reva Diamond Jewellery IPO GMP today is Rs -11. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
PNGS
PNGS Reva Diamond Jewellery IPO GMP, Subscription & Allotment Status Today
PNGS Reva Diamond Jewellery is a Mainboard IPO with a price band of Rs 367.00 to Rs 386.00 that listed on 04 Mar 2026 at a listing gain of -2.85%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹367.00 - ₹386.00
- Lot Size
- 32 Shares
- Bidding Closes
- 26 Feb 2026
- Listing Date
- 04 Mar 2026
Current GMP Status
₹-11
-2.85% vs upper band
Est. Listing Gain
-2.85%
Last Trend
02 Mar 2026
Listing Price
₹375.00
Retail Entry
₹12,352
IPO Details
Complete IPO information
| Current GMP | ₹-11 |
|---|---|
| Estimated Listing Gain | -2.85% |
| Price Band | ₹367.00 - ₹386.00 |
| Issue Price | Approx ₹386.00 Crores |
| Listing Price | ₹375.00 |
| Lot Size | 32 Shares |
| Issue Type | Mainboard |
| Registrar | BIGSHARE |
| Exchange | NSE, BSE |
| Retail Quota | 10% |
| Overall Subscription | 0.92x |
| Listing Date | 04 Mar 2026 |
| Minimum Investment | ₹12,352 |
Head-to-head
Compare PNGS Reva Diamond Jewellery IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, PNGS Reva Diamond Jewellery is priced at ₹386 per share. With a minimum lot size of 32 shares, a retail investor applying for one lot would need approximately ₹12,352 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for PNGS Reva Diamond Jewellery stands at ₹-11, implying an estimated listing gain of around -2.85% over the issue price if it holds until listing. This is down ₹5.5 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, PNGS Reva Diamond Jewellery's IPO was subscribed 0.92x overall, with a category-wise breakdown of Retail 0.86x, QIB 1.01x.
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
24 Feb 2026
✓
Bidding Closes
26 Feb 2026
✓
Allotment
27 Feb 2026
✓
Listing
04 Mar 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Mar 2026 | ₹-6.50 | -₹5.50 | -1.68% |
| 27 Feb 2026 | ₹-1.00 | -₹1.00 | -0.26% |
| 26 Feb 2026 | ₹0.00 | -₹1.75 | 0.00% |
| 25 Feb 2026 | ₹1.75 | -₹7.25 | 0.45% |
| 24 Feb 2026 | ₹9.00 | -₹8.50 | 2.33% |
| 23 Feb 2026 | ₹17.50 | -₹1.50 | 4.53% |
| 18 Feb 2026 | ₹19.00 | -₹1.00 | 4.92% |
| 16 Feb 2026 | ₹20.00 | - | 5.18% |
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Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 32 | ₹12,352 |
| Retail Maximum | 16 Lot | 512 | ₹1,97,632 |
| S-HNI Minimum | 17 Lot | 544 | ₹2,09,984 |
| S-HNI Maximum | 80 Lot | 2,560 | ₹9,88,160 |
| B-HNI Minimum | 81 Lot | 2,592 | ₹10,00,512 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
PNGS Reva Diamond IPO – Details
| Particular | Details |
|---|---|
| IPO Open Date | February 24, 2026 |
| IPO Close Date | February 26, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹367 to ₹386 Per Share |
| Issue Size | Approx ₹380 Crores |
| Fresh Issue | Approx ₹380 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | BSE, NSE |
Analysis
PNGS Reva Diamond IPO – Market Lot Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 32 | ₹12,352 |
| Retail Maximum | 16 | 512 | ₹1,97,632 |
| S-HNI Minimum | 17 | 544 | ₹2,09,984 |
| S-HNI Maximum | 80 | 2,560 | ₹9,88,160 |
| B-HNI Minimum | 81 | 2,592 | ₹10,00,512 |
Analysis
PNGS Reva Diamond IPO – Reservation Details
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – | –% |
| QIB (Ex. Anchor) | – | 75% |
| NII | – | 15% |
| Retail | – | 10% |
Analysis
PNGS Reva Diamond Jewellery IPO – Anchor Investors
| Particular | Details |
|---|---|
| Anchor Bidding Date | February 23, 2026 |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period (50% - 30 Days) | March 29, 2026 |
| Lock-in Period (50% - 90 Days) | May 28, 2026 |
Analysis
PNGS Reva Diamond Jewellery IPO – Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 24, 2026 |
| IPO Close Date | February 26, 2026 |
| Basis of Allotment | February 27, 2026 |
| Refunds | March 2, 2026 |
| Credit to Demat Account | March 2, 2026 |
| IPO Listing Date | March 3, 2026 |
| IPO Bidding Cut-off Time | February 26, 2026 – 5 PM |
Analysis
PNGS Reva Diamond Jewellery IPO – Promoters & Holding Pattern
| Particular | Details |
|---|---|
| Promoters | P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil, Renu Govind Gadgil |
| Holding | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 2,18,66,400 | 87.45% |
| Promoter Holding Post Issue | 3,17,10,959 | 60.31% |
Analysis
PNGS Reva Diamond Jewellery IPO – Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding expenditure towards setting-up of 15 New Stores | 286.56 |
| Marketing and promotional expenses for launch of 15 New Stores (Brand “Reva”) | 35.40 |
| General Corporate Purpose | – |
Analysis
About PNGS Reva Diamond Jewellery IPO
PNGS (P. N. Gadgil & Sons) Reva Diamond Jewellery, incorporated in 2004, operates in the jewellery business. The company is engaged in selling a wide range of jewellery crafted from diamonds and precious and semi-precious stone jewellery set in gold and platinum. To offer affordable yet stylish diamond jewellery, they also launched a diamond-focused sub-brand, Reva, in February 2025.
Its product portfolio consists of Diamond rings, diamond earrings, Diamond bracelets, Diamond sets, and Diamond necklace sets. The firm decided to launch the Reva collection before Valentine’s Day in 2025 to tap into festive demand and attract customers for gift options. Its Reva collection is crafted with pure diamond prices and modern designs with starting priced from ₹10,000. The firm includes a total of 33 stores spanning 25 cities as of March 31, 2025.
Analysis
PNGS Reva Diamond Jewellery IPO – Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | 199.35 | 130.17 | 51.75 | 123.93 |
| 2024 | 196.24 | 139.56 | 42.40 | 158.33 |
| 2025 | 259.11 | 179.90 | 59.81 | 226.84 |
| Sep 2025 | 157.12 | 130.30 | 20.13 | 352.70 |
Analysis
PNGS Reva Diamond Jewellery IPO – Valuation (FY2025)
| KPI | Value |
|---|---|
| ROE | 165.9% |
| ROCE | 79.8% |
| EBITDA Margin | 30.83% |
| PAT Margin | 23.04% |
| Debt to Equity Ratio | 0.37 |
| Earning Per Share (EPS) | ₹35.21 (Basic) |
| Price / Earnings (P/E) | N/A |
| Return on Net Worth (RoNW) | 59.36% |
| Net Asset Value (NAV) | ₹45.82 |
Analysis
PNGS Reva Diamond Jewellery IPO – Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW % | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Tribhovandas Bhimji Zaveri Limited | 8.16 | 23.58 | 9.05% | 90.14 | 2,298.94 |
| Thangamayil Jewellery Limited | 44.91 | 41.24 | 24.99% | 179.74 | 3,826.78 |
| Senco Gold Limited | 24.06 | 14.48 | 13.26% | 175.74 | 5,241.44 |
Analysis
IPO Lead Managers aka Merchant Bankers
- Smart Horizon Capital Advisors Private Limited
FAQ
PNGS Reva Diamond Jewellery IPO FAQs
PNGS Reva Diamond Jewellery IPO price band is Rs 367.00 to Rs 386.00. Check the latest issue price, lot size and GMP together before applying.
PNGS Reva Diamond Jewellery IPO open date is 24 Feb 2026, close date is 26 Feb 2026, and listing date is 04 Mar 2026.
PNGS Reva Diamond Jewellery IPO lot size is 32 shares. The minimum retail investment is Rs 12,352.
PNGS Reva Diamond Jewellery is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
PNGS Reva Diamond Jewellery IPO subscription status currently shows Retail 0.86x, QIB 1.01x, Overall 0.92x.
PNGS Reva Diamond Jewellery IPO issue size is TBA and the expected allotment date is 27 Feb 2026.
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