PNGS REVA DIAMOND JEWELLERY LIMITED

24 Feb 2026 - 26 Feb 2026 Individual Category Main Board BSE NSE

Min Investment

₹12352

Price Band

₹367-₹386

Issue Size

₹220.26 Cr

Lot Size

32 (per lot)

IPO Dates
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24 Feb 2026

Open Date

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26 Feb 2026

Close Date

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27 Feb 2026

Allotment Date

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04 Mar 2026

Listing Date

Know Before Investing

Strengths icon

  • Backed by a strong promoter legacy of P. N. Gadgil & Sons Limited.
  • Focused retail model specialising in diamond jewellery under the “Reva” brand.
  • Asset-light shop-in-shop format leveraging promoter infrastructure.
  • Presence across multiple cities with an expanding retail footprint
  • Design-led product portfolio catering to a diverse range of price segments.

Weaknesses icon

  • Heavy revenue dependence on the Maharashtra market.
  • Brand reputation risk linked to Corporate Promoter.
  • Rising competition from lab-grown and synthetic diamonds.
  • High reliance on top suppliers for inventory sourcing.
  • Execution risk in scaling and operating new stores successfully.

About Pngs Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery Limited was originally established as a partnership firm, Gadgil Metals and Commodities, in July 2004. It was subsequently converted into a public limited company on December 20, 2024. The Company is promoted by P. N. Gadgil & Sons Limited, along with Govind Vishwanath Gadgil and Renu Govind Gadgil. It operates as a retail-focused jewellery brand under its flagship label, “Reva.” The Company is engaged in the sale of diamond jewellery studded in gold and platinum, as well as plain platinum jewellery. Its offerings are design-led and cater to a wide range of customer preferences and price points. The retail network includes a combination of company-owned and franchise-led stores across multiple cities, primarily in Maharashtra, Gujarat and Karnataka. The business model leverages shop-in-shop formats within the retail ecosystem of its Corporate Promoter, enabling operational efficiencies and access to established customer footfall. The Company’s key strengths include strong promoter legacy, brand recognition, a focused diamond jewellery strategy, and an asset-light expansion approach supported by retail synergies. Discuss on Trading Q&A

IPO Objectives

1. Funding expenditure towards setting-up of 15 new brand-exclusive stores across India with a focus of targeting in Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities in India (“New Stores”).

2. Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas.

3. General corporate purposes.

Company Promoters

Govind Vishwanath Gadgil

P.N. Gadgil & Sons Ltd.

Renu Govind Gadgil

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 1.04
Non-Institutional Buyers 1.54
Retail Investors 1.29
Total 3.87
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