PNGS Reva Diamond Jewellery Limited IPO
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₹-15 (-3.89%)
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PNGS Reva Diamond Jewellery Limited's successfully completed its Initial Public Offering and commenced trading on 04-03-2026 at the NSE, BSE exchange. The company raised 98,44,559 Shares through this public offering, comprising 98,44,559 Shares in fresh capital.
The IPO was priced within the band of ₹367 to ₹386, with minimum application lots of 32 shares. The offering attracted significant investor interest during its subscription period from 24-02-2026 to 26-02-2026.
Share allotment was finalized on 27-02-2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
PNGS Reva IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
PNGS Reva IPO Strength Factors
- Strong brand legacy in the jewellery segment: PNGS is a trusted and well-known jewellery brand with a strong presence in Maharashtra and nearby states, helping build customer loyalty and repeat business.
- Wide product portfolio: The company offers a variety of jewellery including gold, diamond, platinum, and stone-studded designs, attracting customers for weddings, festivals, gifting, and other occasions.
- Expansion into affordable diamond segment (Reva brand): The launch of the diamond-focused sub-brand “Reva” starting from ₹10,000 targets young and budget-conscious customers, while offers like no making charges help boost sales.
PNGS Reva IPO Risk Factors
- Limited geographic presence: PNGS mainly operates in Maharashtra, Gujarat, and Karnataka, and limited expansion outside these states may slow national growth.
- High dependence on gold and diamond price fluctuations: Changes in gold and diamond prices directly affect margins and customer buying demand.
- Competitive industry pressure: The jewellery market is highly competitive with strong organized brands and local jewellers, and the new “Reva” brand may face tough competition in the affordable diamond segment.
PNGS Reva IPO Lead Manager(s)
- Smart Horizon Capital Advisors Private Limited
PNGS Reva IPO Promoter(s)
- P.N. Gadgil & Sons Limited
- Govind Vishwanath Gadgil
- Renu Govind Gadgil
PNGS Reva IPO FAQs
PNGS Reva Diamond Jewellery Limited IPO subscribed 1.3 times. The public issue subscribed 1.35 times in the retail category,1.1 times in QIB, and 1.71 times in the HNI (10+) category byMarch 4, 2026 4:15:00 AM (Day 4).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
PNGS Reva IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
PNGS Reva IPO FAQs
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