PNGS Reva Diamond Jewellery came to market through an IPO that opened on 24 February 2026 and closed on 26 February 2026, and the shares listed on 4 March 2026 on BSE, NSE. The price band was ₹367 to ₹386 per share and one lot was 32 shares, so the minimum application was ₹12,352. The issue size was ₹380 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Smart Horizon Capital Advisors Pvt.Ltd was the lead manager.
As of 26 February 2026.
| Day |
|---|
| 1 |
| 2 |
| 3 |
Incorporated in 2004, PNGS, an abbreviation for P N Gadgil & Sons is a jewellery business. Company focused jewellery brand dealing in the business of sale of varied variety of jewellery prepared by using diamond and precious and semi-precious stones which are studded in precious metals including gold and platinum. All products are available under the brand name: 'Reva'.
The wide range of products offered by the company also includes rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nosepins, and chains, etc., which cater to various kinds of customers and their needs. The company has offered 13 different kinds of jewelry collections till September 30, 2025, which include their own design team as well as third-party design teams. It had, as on Feb 2026, 34 stores across 25 cities in the states of Maharashtra, Gujarat, and Karnataka.
As described in the offer document.
| Metric | 30-Sep-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|
Reva Diamonds mobilises Rs 171 crore from 16 anchor investors, Rs 380-crore IPO. Tata India Consumer Fund is the largest investor among them, buying 10.36 lakh shares of Reva Diamonds for Rs 40 crore, followed by Tiger Strategies Fund, and SageOne Flagship Growth Fund, which acquired 6.21 lakh shares, and 5.18 lakh shares of the company for Rs 24 crore, and Rs 20 crore, respectively.
Out of the total allocation to anchor investors, 11.91 lakh shares were allocated to 2 domestic mutual funds - Tata Mutual Fund, and Groww Mutual Fund. Citigroup Global, Societe Generale, K-Three Alternative Investment Trust Fund, Innovative Vision Fund, Visionary Value Fund, and Astrone Capital were also part in the anchor book.
Sons Limited, Govind Vishwanath Gadgil, Renu Govind Gadgil. Promoter holding 87.45% before the issue and 60.31% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
PNGS Reva Diamond Jewellery IPO was a ₹380 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹367–₹386 per share with a lot size of 32 shares (₹12,352). The IPO was open from February 24 to February 26, 2026 and was subscribed 1.3x. Shares listed on BSE and NSE on March 4, 2026 at ₹375, a 2.8% discount to the issue price of ₹386. Bigshare Services Pvt. Ltd. is the registrar.
Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of PNGS Reva Diamond Jewellery IPO is ₹367 to ₹386 per share.
The lot size of PNGS Reva Diamond Jewellery IPO is 32 shares.
The minimum investment for PNGS Reva Diamond Jewellery IPO is approximately ₹12,352 based on the upper price band.
The allotment date of PNGS Reva Diamond Jewellery IPO is Feb 27, 2026.
PNGS Reva Diamond Jewellery IPO's final recorded GMP before listing was -₹14 per share (a 4% discount to the ₹386 upper price band). The shares listed at ₹375. GMP is unofficial and does not forecast or guarantee the actual listing price.
PNGS Reva Diamond Jewellery IPO listed on Mar 4, 2026. It was issued at ₹375.0(NSE) and is currently around ₹605.95 as on 2-Nov-2026 3:30 PM, which is approximately 57.0% versus issue price. The 52-week high is ₹738.00.
You can check PNGS Reva Diamond Jewellery IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the PNGS Reva Diamond Jewellery IPO allotment status on Rupix for quick and easy access.
₹367 to ₹386 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 32 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹12,352.
₹12,352, for one lot of 32 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 February 2026 and closed on 26 February 2026.
The basis of allotment was published on 27 February 2026 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 4 March 2026 on BSE, NSE.
The issue size was ₹380 crore. The fresh issue was 98,44,560 shares (aggregating up to ₹380 crore).