PNGS Reva Diamond Jewellery Sets IPO Price Band At 367-386 Rupees Per Share

IPO Details  
The IPO is a book-built issue worth ₹380 crore, entirely a fresh issue. The allotment is expected on February 27, 2026, with listing scheduled for March 4, 2026. The offering includes a retail quota of 10 percent, QIB quota of 75 percent, and HNI quota of 15 percent.  

Company Background  
PNGS Reva Diamond Jewellery, established in 2025 after a strategic slump sale from P. N. Gadgil & Sons, focuses on diamond-studded and precious stone jewellery set in gold and platinum. The brand has built a reputation for high-quality craftsmanship at accessible price points, targeting a wide customer base.  

Market Outlook  
The company reported revenue of ₹259.11 crore in 2025, up from ₹196.24 crore in 2024, with profits rising to ₹59.47 crore. Analysts believe the IPO will strengthen its expansion plans and capitalize on India’s growing demand for branded jewellery.  

Key Highlights  

• IPO price band set at 367-386 rupees per share  
• Issue size of ₹380 crore, entirely fresh issue  
• Opens February 24, closes February 26, 2026  
• Allotment on February 27, listing on March 4, 2026  
• Strong revenue and profit growth in 2025  

Conclusion  
PNGS Reva Diamond Jewellery’s IPO marks a significant milestone in its growth journey. With strong financials, brand heritage, and expansion plans, the offering is expected to attract investor interest and reinforce the company’s position in India’s competitive jewellery market.  

Sources: Economic Times, IPO Watch, IPO Central