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PNGS Reva Diamond Jewellery Limited is a retail-focused jewellery brand operating under the flagship name 'Reva'. The company specializes in selling a wide range of jewellery made from diamonds and other precious and semi-precious stones studded in gold and platinum. Its product portfolio is design-led, catering to diverse customer preferences and price points starting from approximately ₹20,000. The company operates a network of 34 stores across Maharashtra, Gujarat, and Karnataka, primarily through a shop-in-shop model within outlets of its corporate promoter, P. N. Gadgil & Sons Limited, complemented by its own brand-exclusive stores.
Feb 24, 2026
Feb 26, 2026
Mar 04, 2026
Mainboard
Upcoming
380 Cr
380 Cr
0 Cr
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The Net Proceeds from the Issue are proposed to be utilized for the following objects:
Funding expenditure of ₹286.56 crores towards the establishment of 15 new brand-exclusive stores across India, with a focus on targeting Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities.
Utilizing ₹35.40 crores for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility for the flagship brand, 'Reva', in their respective areas.
Allocating the remaining proceeds for general corporate purposes, which may include strategic initiatives, meeting working capital requirements, and other business development expenses, not to exceed 25% of the Gross Proceeds.
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18.3%
25.2%
16.73%
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12.85%
19.65%
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Strong brand value and the extensive legacy of its Promoters, P. N. Gadgil & Sons Limited, which fosters customer trust and market stability.
Experienced Board of Directors and management team with deep expertise in the retail, finance, and jewellery sectors, contributing to strategic decision-making.
Significant regional expertise and a strong operational footprint across Tier-1, Tier-2, and Tier-3 cities in Maharashtra, Gujarat, and Karnataka.
A diversified product portfolio with a wide range of designs across various categories and accessible price points to cater to evolving consumer preferences.
Heavy concentration of revenue from stores in Maharashtra, making the business vulnerable to regional economic or social disruptions.
Significant dependence on the brand reputation and retail infrastructure of its Corporate Promoter, P. N. Gadgil & Sons Limited.
High dependency on a few third-party suppliers, which poses risks related to inventory levels and supply chain disruptions.
A business model primarily centered on physical retail stores, which may be vulnerable to competition from digital-native and e-commerce players.
Expansion of retail footprint by opening 15 new brand-exclusive stores across India, reducing geographical concentration and capturing new markets.
The Indian gems and jewellery industry is expected to grow steadily, driven by rising disposable incomes and increasing consumer preference for branded products.
Developing a robust digital and e-commerce presence to tap into a larger customer base and complement the physical store network.
Catering to the growing demand for lightweight, modern, and customizable jewellery, especially among younger consumers and the expanding middle class.
High volatility in the market prices of gold and diamonds, which can significantly impact inventory valuation, profitability, and consumer demand.
Increasing popularity and market penetration of cost-effective lab-grown or synthetic diamonds, which may decrease demand for natural diamonds.
Intense competition from a fragmented market consisting of large national brands, regional players, and numerous unorganized local jewellers.
The business is susceptible to rapid shifts in consumer preferences and fashion trends, and failure to adapt can lead to inventory obsolescence and reduced sales.
PNGS Reva Diamond Jewellery Limited is a retail-focused jewellery brand operating under the flagship name 'Reva'. The company specializes in selling a wide range of jewellery made from diamonds and other precious and semi-precious stones studded in gold and platinum. Its product portfolio is design-led, catering to diverse customer preferences and price points starting from approximately ₹20,000. The company operates a network of 34 stores across Maharashtra, Gujarat, and Karnataka, primarily through a shop-in-shop model within outlets of its corporate promoter, P. N. Gadgil & Sons Limited, complemented by its own brand-exclusive stores.
The PNGS Reva Diamond Jewellery Ltd. IPO is scheduled to open for subscription on Feb 24, 2026 and close on Feb 26, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the PNGS Reva Diamond Jewellery Ltd. IPO is yet to be announced. Investors can place bids within this range once the issue opens.
The minimum lot size for the PNGS Reva Diamond Jewellery Ltd. IPO is yet to be announced shares. The minimum investment amount will be known once the price band is finalized.
The total issue size of the PNGS Reva Diamond Jewellery Ltd. IPO is approximately ₹380.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the PNGS Reva Diamond Jewellery Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the PNGS Reva Diamond Jewellery Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of PNGS Reva Diamond Jewellery Ltd. are expected to list on stock exchanges on Mar 04, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the PNGS Reva Diamond Jewellery Ltd. IPO are proposed to be used for The Net Proceeds from the Issue are proposed to be utilized for the following objects:, Funding expenditure of ₹286.56 crores towards the establishment of 15 new brand-exclusive stores across India, with a focus on targeting Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities., Utilizing ₹35.40 crores for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility for the flagship brand, 'Reva', in their respective areas., Allocating the remaining proceeds for general corporate purposes, which may include strategic initiatives, meeting working capital requirements, and other business development expenses, not to exceed 25% of the Gross Proceeds.
Before applying for the PNGS Reva Diamond Jewellery Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
