PNGS Reva Diamond Jewellery Limited
ListedMainboardConsumer Discretionary · NSE / BSE
PNGS, short for P N Gadgil & Sons, was incorporated in 2004 and operates in the jewellery business. The company offers a wide range of jewellery made with diamonds, precious and semi-precious stones set in gold and platinum. In February 2025, it launched a new diamond-focused sub-brand called Reva, which provides stylish and affordable diamond jewellery starting from ₹10,000. The Reva collection includes modern, customizable pure diamond designs and was introduced just before Valentine’s Day 2025 with special offers like no making charges to attract customers. As of March 31, 2025, PNGS operates 33 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, covering a total area of 599.15 running feet. Its product range includes diamond rings, earrings, bracelets, pendant sets, and necklace sets, all made in hallmarked gold.
Price Band
₹367 – ₹386
Issue Size
₹984.46 L Cr
Lot Size
32 shares
GMP
₹15
-3.9%
Est. Listing
₹371
at current GMP
Subscribed
1.30x
overall
Open
24 Feb 2026
Close
26 Feb 2026
Allotment
27 Feb 2026
Refund
28 Feb 2026
Demat Credit
1 Mar 2026
Listing
4 Mar 2026
Last updated 7 months ago
Overall Subscription
1.30x
Total Demand
QIB Multiplier
1.10x
Institutions & Funds
NII / HNI
1.62x
High Net-Worth
Retail (RII)
1.35x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 2,956,719 | 3,242,304 | 1.10x |
| NIB | 1,475,184 | 2,388,224 | 1.62x |
| HNIs(10L +) | 983,456 | 1,677,888 | 1.71x |
| HNIs (2-10L) | 491,728 | 710,336 | 1.44x |
| RETAIL | 983,456 | 1,330,400 | 1.35x |
| EMPLOYEES | 10,000 | 70,848 | 7.08x |
| Total | 6,900,543 | 9,420,000 | 1.30x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 30,733 | 31,750 | 1.03x |
| EMPLOYEES | — | 252 | 0.00x |
| HNIs(10L +) | 1,808 | 299 | 0.17x |
| HNIs (2-10L) | 904 | 1,224 | 1.35x |
| Total Applications | 33,445 | 33,525 | 1.00x |
Day-Wise Subscription Progress
About PNGS Reva Diamond Jewellery Limited Public Issue & Market Profile
PNGS Reva Diamond Jewellery Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹98,44,559 Crores. The shares are offered at a price band of ₹367 to ₹386 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 32 shares (approx. ₹12,352 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-03-01, while un-allotted funds or UPI block mandates will be released on 2026-02-28.
Frequently Asked Questions
What is the issue size and price band for PNGS Reva Diamond Jewellery Limited IPO?
The PNGS Reva Diamond Jewellery Limited IPO aggregate issue size is ₹98,44,559 Crores with an equity price band set at ₹367 to ₹386 per equity share. The retail lot size is 32 shares requiring a minimum capital outlay of approx. ₹12,352.
How can I check PNGS Reva Diamond Jewellery Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will PNGS Reva Diamond Jewellery Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2026-02-27.