How to Apply for the PNGS Reva Diamond Jewellery Limited IPO: Step-by-Step Investment Guide

PNGS Reva Diamond Jewellery Limited operates in the organised jewellery retail segment, offering diamond-studded and precious metal jewellery under the “Reva” brand. This summary outlines the key details of the IPO, including the issue timeline, pricing, and structure. The public issue is scheduled to open on February 24, 2026, and close on February 26, 2026, comprising 98,44,559 shares aggregating up to ₹380 crore at a price band of ₹367 to ₹386 per share with a minimum lot size of 32 shares.

PNGS Reva Diamond Jewellery operates in the organised jewellery retail segment with a focus on diamond-studded products and jewellery crafted using precious and semi-precious stones set in gold and platinum. Its portfolio spans categories such as rings, earrings, necklaces, and other occasion-led products, supported by design inputs and curated sourcing. The company markets its products under the “Reva” brand and maintains a retail presence across multiple cities through exclusive outlets and shop-in-shop formats, enabling access to established customer traffic while maintaining brand visibility.

To apply for the IPO, investors can submit a bid through the ASBA facility using their bank account or through a registered trading platform. After selecting the IPO from the active issues list, applicants enter the bid quantity within the permitted range and confirm the application, following which the amount remains blocked in the bank account until allotment is finalised. Upon completion of the process, shares, if allotted, are credited to the demat account and any remaining funds are released as per the issue timeline, outlining the standard mechanism for participating in a public offer.

For more details, visit the PNGS Reva Diamond Jewellery Limited IPO page.

PNGS Reva Diamond Jewellery Limited IPO Details and Objectives

Details

Information

IPO Date

Feb 24, 2026 to Feb 26, 2026

Issue Size

98,44,559 shares (agg. up to ₹380 Cr)

Price Band

₹367 to ₹386 per share

Lot Size

32 shares

Listing At

NSE, BSE

Purpose of the IPO

  • Funding expenditure towards setting-up of 15 New Stores

  • 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, “Reva”, in their respective areas

  • General corporate purposes

Timeline of PNGS Reva Diamond Jewellery Limited IPO

Event

Date

IPO Open Date

Tue, Feb 24, 2026

IPO Close Date

Thu, Feb 26, 2026

Tentative Allotment

Fri, Feb 27, 2026

Initiation of Refunds

Mon, Mar 2, 2026

Credit of Shares to Demat

Mon, Mar 2, 2026

Tentative Listing Date

Wed, Mar 4, 2026

Cut-off time for UPI mandate confirmation

5 PM on Thu, Feb 26, 2026

Pricing & Lot Size of PNGS Reva Diamond Jewellery Limited IPO

Price Band for the IPO

  •  ₹367 to ₹386 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Retail (Min)

1

32

₹12,352

Retail (Max)

16

512

₹1,97,632

S-HNI (Min)

17

544

₹2,09,984

S-HNI (Max)

80

2,560

₹9,88,160

B-HNI (Min)

81

2,592

₹10,00,512

PNGS Reva Diamond Jewellery Limited IPO Application Process

The PNGS Reva Diamond Jewellery Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:

Step 1: Login to Your Trading Platform

Access your trading account using the broker's app or website.

Step 2: Navigate to the IPO Section

Go to the IPO section to view active IPO listings.

Step 3: Select the Open IPO and Click Apply

Locate PNGS Reva Diamond Jewellery Limited IPO in the list of available IPOs and click the ‘Apply’ button.

Step 4: Enter the Quantity of Shares You Wish to Apply For

Specify the number of shares (lot size: 32 shares) within the price band of ₹367 to ₹386 per share.

Step 5: Provide Your UPI ID

Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.

Step 6: Confirm the Application

Review your application details and confirm the UPI mandate before 5 PM on the last application day.

Step 7: Complete the Process and Wait for Allotment

Submit the application and monitor the allotment status to check if shares have been allocated to you.

Shares Offered in PNGS Reva Diamond Jewellery IPO

The allocation of shares in the PNGS Reva Diamond Jewellery IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. This allocation framework outlines how the shares offered are distributed among different classes of investors.

Investor Category

Shares Offered

QIB Shares Offered

Not less than 75% of the Net Issue

Retail Shares Offered

Not more than 10% of the Net Issue

NII Shares Offered

Not more than 15% of the Net Issue

This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹123.93 crore in FY23 to ₹352.70 crore as of Sept 2025.

  • Total income: Recorded at ₹157.12 crore in Sept 2025, as compared to ₹199.35 crore in FY23.

  • Profit After Tax (PAT): Reported at ₹20.13 crore in Sept 2025, and ₹51.75 crore in FY23.

  • Net Worth: Recorded at ₹120.31 crore in Sept 2025 in comparison to ₹-52.02 crore in FY23.

  • Reserves and surplus: Stood at ₹98.44 crore in Sept 2025, as compared to ₹-60.74 crore in FY23.

  • EBITDA: Stood at ₹30.79 crore in Sept 2025 in comparison to ₹68.73 crore in FY23.

Recent Performance and Growth Prospects

  • The company’s asset base expanded over the reviewed period, indicating an increase in the scale of operations and resource deployment.

  • Income trends reflect variations across reporting periods, suggesting changes in revenue generation during the latest financial timeframe.

  • Profitability remained positive in the recent period, though lower compared with the earlier financial year, indicating a shift in earnings performance.

  • Net worth moved into a positive position, reflecting an improvement in the overall financial standing compared with the previous year.

  • Reserves and surplus also transitioned to a positive balance, highlighting strengthening internal accruals.

  • Operating performance, as reflected in earnings before interest, tax, depreciation, and amortisation, showed moderation relative to the earlier period.

  • Overall, the financial profile indicates changes in scale, capital structure, and profitability across the reported periods.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • Income patterns have shown variation across reporting periods, indicating fluctuations in revenue generation and operating performance.

  • Profitability levels in the recent period were lower compared with the earlier financial year, reflecting changes in earnings trends and cost dynamics.

Opportunities and Growth Potential

  • The proposed utilisation of issue proceeds for setting up additional stores indicates a plan to expand the retail network and geographic presence.

  • Focus on marketing and brand visibility initiatives for new locations may support customer outreach and strengthen presence in the organised jewellery segment.

Key Performance Indicator (KPI)

KPI

Sept 30, 2025

Mar 31, 2025

ROE

18.3%

165.9%

ROCE

25.2%

79.8%

Debt/Equity

1.10

0.90

RoNW

16.73%

59.36%

PAT Margin

12.85%

23.04%

EBITDA Margin

19.65%

41.81%

Price to Book Value

 

8.42


PNGS Reva Diamond Jewellery Limited IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Bigshare Services Pvt.Ltd.

Smart Horizon Capital Advisors Pvt.Ltd. 

Company Address of PNGS Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery Ltd. 

Abhiruchi Mall,

59/1 C,

Sinhgad Road, Wadgaon Budruk,

Pune, Maharashtra, 411041

Phone: +91 020-29980704

Email: investor@revabypng.com

Website: https://www.revabypng.com/

Conclusion

PNGS Reva Diamond Jewellery Limited operates in the organised jewellery retail segment, offering diamond-studded and precious metal jewellery under the “Reva” brand. Incorporated in 2004, the company has built a multi-city retail presence through a combination of exclusive outlets and shop-in-shop formats, supported by in-house design capabilities and sourcing partnerships. Its product portfolio spans rings, earrings, necklaces, and other occasion-led jewellery categories, positioned across various price points. The proposed public issue outlines the company’s business profile, operating structure, and intended utilisation of proceeds, including expansion of its retail network and related expenditure.

The public issue outlines the company’s business profile, operating model, and planned use of proceeds, including store expansion and related expenses. Key issue parameters such as the subscription window, price band, and lot size define the framework for participation, while the application process explains the operational steps involved in submitting a bid through ASBA or trading platforms.

Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your PNGS Reva Diamond Jewellery IPO allotment status.   

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Published Date : 18 Feb 2026

Disclaimer :

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.


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Content Partner - Dalal Street Investment Journal Wealth Advisory Private Limited



This article is for educational purposes only and should not be considered investment advice. Market investments are subject to risks. DSIJ Wealth Advisory Private Limited is a SEBI-registered Research Analyst (Reg. No: INH000006396) and Investment Adviser (Reg. No: INA000001142). Please consult your financial adviser before investing. 

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