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PNGS Reva Diamond Jewellery Ltd

Listed

Incorporated in 2004, PNGS Reva Diamond Jewellery is engaged in the jewellery business.

Issue details

Price band

₹367 – ₹386

Face value

₹10

Lot size

32 shares

Minimum investment

₹12,352

Issue size

₹379.52 Cr

Fresh issue

₹379.52 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

24 Feb 2026

Closes

26 Feb 2026

UPI mandate cut-off

5:00 PM on 26 Feb 2026

Allotment

27 Feb 2026

Refunds

2 Mar 2026

Shares in demat

2 Mar 2026

Listing

4 Mar 2026

Subscription and listing

Subscription

1.29x

Listing price

₹375

Registrar

Bigshare Services Pvt Ltd

Lead manager

Smart Horizon Capital Advisors

Subscription by category

Total

1.29x

Total applications

33,053

Anchor investors

Amount raised

₹170.58 Cr

Bid date

23 Feb 2026

50% lock-in ends

28 Mar 2026

Rest lock-in ends

27 May 2026

Listing day

Issue price

₹386

Open

₹375.00

High

₹433.00

Low

₹360.00

Day close

₹411.70

Listing gain at open

-2.85%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

73,88,800

75.15%

Anchor Investor Shares Offered

44,19,200

44.95%

QIB (Ex. Anchor) Shares Offered

29,69,600

30.20%

NII Shares Offered

14,56,000

14.81%

bNII > ₹10L

9,70,667

9.87%

sNII < ₹10L

4,85,333

4.94%

Retail Shares Offered

9,77,216

9.94%

Employee Shares Offered

9,984

0.10%

Total Shares Offered

98,32,000

100.00%

Finaccle’s quick read

Apply

FY25 income up 32%, PAT up 40%, ROE 18.3%, D/E 1.10, post-issue P/E 30.39x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2004, PNGS Reva Diamond Jewellery is engaged in the jewellery business. The company offers different types of jewellery made using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. All products are offered under the brand name, "Reva". The company offers a wide range of products, including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to diverse customer segments and occasions.

Founded

2004

2004

Promoters

P.N.Gadgil & Sons Ltd.,

P.N.Gadgil & Sons Ltd.,

Promoter holding

87.45% pre-issue; 60.31% post-issue

87.45% pre-issue; 60.31% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Sep 2025

Sep 2025

157.12

157.12

30.79

20.13

20.13

120.31

130.25

130.25

352.70

FY25

FY25

259.11

259.11

79.61

59.47

59.47

100.19

90.65

90.65

226.84

FY24

FY24

196.24

196.24

56.14

42.41

42.41

-28.50

—

—

158.33

FY23

FY23

199.35

199.35

68.73

51.75

51.75

-52.02

—

—

123.93

ROE

18.3%

ROCE

25.2%

Debt / equity

1.10

PAT margin

12.85%

P/E post issue

30.39

Market cap

₹1,223.56 Cr

Use of IPO money

Funding expenditure towards setting up of 15 New Stores

₹286.56 Cr

Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of the flagship brand, Re

₹35.40 Cr

General Corporate Purposes

₹27.16 Cr

Issue Expenses

₹30.39 Cr

Strengths

✓

Revenue up 32% in FY25 to ₹259.11 Cr

✓

PAT up 40% in FY25 to ₹59.47 Cr

✓

PAT margin of 12.85%

✓

ROE of 18.3% and ROCE of 25.2%

Risks to watch

!

Debt to equity of 1.10

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.