Reva Shines Bright in IPO Spotlight with ₹450 Cr Draft Filing

PNGS Reva Diamond Jewellery Ltd, the luxury diamond and precious-stone jewelery group headed by P.N. Gadgil & Sons, filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise up to ₹450 crore by way of fresh issue IPO.

 

The company based in Pune, which is well-known by the brand name "Reva", is involved in gold and platinum jewelries adorned with diamonds and semi-precious stones. The IPO proceeds will go toward the setting up of 15 new outlets, increasing marketing and brand building, and general corporate spending.

 

Key Business Highlights:

P.N. Gadgil & Sons did a strategic slump sale in January 2025 and demerged its diamond jewellery business to PNGS Reva. The strategy allowed Reva to become an independent company and focus on the fast-growing diamond jewellery segment.

 

IPO Utilization Plan:

The only book-running lead manager is Smart Horizon Capital Advisors, and the registrar is Bigshare Services Pvt Ltd.

 

Sources: Moneycontrol, LiveMint, MSN