PNGS Reva Diamond Jewellery Limited, a well-known jewellery brand backed by P.N. Gadgil & Sons Limited, has officially moved ahead with its Mainboard IPO after filing its Red Herring Prospectus (RHP) on February 10, 2026.
The company’s IPO has become a major highlight because the issue size has been reduced compared to the DRHP draft papers. As per DRHP, the company planned a ₹450 Crore IPO, but now in the final RHP, the issue size has been revised down to ₹380 Crore.
This confirms that PNGS Reva IPO is now ready for launch and investors can expect the issue to open as per the announced schedule.
PNGS Reva Diamond Jewellery IPO Dates (Confirmed Timeline)
As per the IPO schedule shared in the prospectus timeline:
-
IPO Opening Date: February 24, 2026
-
IPO Closing Date: February 26, 2026
-
Tentative Allotment Date: February 27, 2026
-
Initiation of Refunds: March 02, 2026
-
Shares Credit in Demat: March 02, 2026
-
Tentative Listing Date: March 04, 2026
PNGS Reva IPO Issue Size & Structure
PNGS Reva Diamond Jewellery IPO is a 100% Book Built Issue.
Key IPO Details
-
IPO Type: Fresh Issue
-
Offer For Sale (OFS): Not Applicable
-
Total Issue Size: Up to ₹380 Crore
-
Face Value: ₹10 per equity share
📌 Important Update:
Earlier in the DRHP, the company had planned to raise ₹450 Crore, but in the final RHP the IPO size is reduced to ₹380 Crore.
IPO Reservation (Category-wise Quota)
The IPO reservation structure is as follows:
-
QIB (Qualified Institutional Buyers): Not less than 75% of Net Issue
-
NII (Non-Institutional Investors): Not more than 15% of Net Issue
-
Retail Investors: Not more than 10% of Net Issue
This quota structure is in line with standard Mainboard book-built IPO regulations.
About PNGS Reva Diamond Jewellery Limited
PNGS Reva Diamond Jewellery Limited is a jewellery retailer that operates under its flagship brand “Reva”, offering a wide range of diamond and gold jewellery collections. The company focuses on premium diamond jewellery, modern designs, bridal jewellery, daily wear jewellery, and festive collections.
The brand is promoted by the legacy jewellery group P.N. Gadgil & Sons, which is one of the most recognized jewellery names in Maharashtra and western India. PNGS Reva aims to expand aggressively and strengthen its retail presence across key cities.
The company’s strong brand recall and trusted promoter background make this IPO an important upcoming Mainboard issue.
Company Financials (Restated)
Particulars (₹ Crore) |
FY 2025 |
FY 2024 |
FY 2023 |
|---|---|---|---|
Assets |
226.84 |
158.33 |
123.93 |
Total Income |
259.11 |
196.24 |
199.35 |
Profit After Tax (PAT) |
59.81 |
42.40 |
51.75 |
EBITDA |
7.96 |
5.61 |
6.87 |
Net Worth |
246.34 |
102.65 |
60.19 |
Reserves & Surplus |
95.33 |
-37.64 |
-60.74 |
Objects of the Issue
According to the RHP, the company plans to utilise the net proceeds from the IPO mainly for business expansion. A major portion of funds will be used for setting up 15 new stores, for which the company has allocated around ₹286.56 Crore.
Apart from store expansion, the company also plans to invest heavily in marketing and promotional activities related to launching these new stores. For this purpose, approximately ₹35.40 Crore has been earmarked.
The remaining funds will be used for general corporate purposes, which may include operational requirements, working capital support, and other business growth needs.
Promoters of PNGS Reva Diamond Jewellery
The promoters of the company are:
-
P. N. Gadgil & Sons Limited
-
Govind Vishwanath Gadgil
-
Renu Govind Gadgil
The company is backed by the strong legacy of PNGS, which gives it credibility in the jewellery retail market.
IPO Registrar & Lead Manager
Registrar
-
Bigshare Services Pvt. Ltd.
Lead Manager
-
Smart Horizon Capital Advisors Pvt. Ltd.
Watch Video Here :-
Also Read – Bonfiglioli Transmissions IPO: DRHP Filed, Italy-Based Group Eyes NSE-BSE Listing
Also Read – SBI Mutual Fund IPO Timeline: DRHP Soon, Listing Likely by September 2026