PNGS Reva Diamond Jewellery IPO Day 2: Check GMP, Subscription Status & Key Highlights
The PNGS Reva Diamond Jewellery IPO enters its second day of subscription today, 25 February 2026. By the end of the first day, the issue was subscribed 63%. The bidding window is scheduled to close on February 26, 2026.
PNGS Reva Diamond Jewellery IPO: Issue Details
Issue Type: The PNGS Reva Diamond Jewellery IPO is a book-building issue of ₹380 crores, comprising an entirely fresh issue of 0.98 crore shares.
Price Band: The price band is set at ₹367-₹386 per share.
Lot Size & Minimum Investment: The lot size for an application is 32 shares, and the minimum investment required is ₹12,352 (for retail investors).
Allotment Date: The basis of allotment will be finalised by February 27, 2026
Listing Date: The tentative listing date on NSE and BSE is March 4, 2026.
Book-running Lead Managers: Smart Horizon Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited
PNGS Reva Diamond Jewellery IPO Day 2 Subscription Status
[25-February-2026 10:45:00 hrs]
|
Investor Category |
Subscription (Times) |
|
Qualified Institutional Buyers (QIBs) |
0.92 |
|
Non-Institutional Investors |
0.10 |
|
Retail Individual Investors (RIIs) |
0.48 |
|
Employees |
4.10 |
|
Total |
0.62 |
Utilisation of IPO Proceeds
The net proceeds from the fresh issue will be used to fund the expenses towards the following objectives:
- Set up of 15 new brand-exclusive stores across India in Tier-1 cities and selectively Tier-2 cities in Maharashtra and other metro cities in India
- Marketing and promotional activities to enhance local brand awareness and visibility of the flagship brand, “Reva”
- General corporate purposes
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PNGS Reva Diamond Jewellery IPO GMP
According to media reports, the Grey Market Premium (GMP) of the PNGS Reva Diamond Jewellery IPO is reported at ₹1.5 over the IPO price.
PNGS Reva Diamond Jewellery IPO Business Overview
PNGS Reva Diamond Jewellery Limited specialises in diamond-studded ornaments crafted in gold and platinum. The brand offers an extensive portfolio that includes jewellery set with diamonds, precious stones, and semi-precious gemstones, as well as a curated range of plain platinum products, such as rings, chains, and bracelets.
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