PNGS Reva Diamond Jewellery Limited, in consultation with Smart Horizon Capital Advisors Private Limited (formerly known as Shreni Capital Advisors Private Limited), has fixed the price band of ₹367 to ₹386 per Equity Share of face value ₹ 10 each for its maiden initial public offer.
- Issue Opens: February 24, 2026
- Issue Closes: February 26, 2026
- Face Value: Rs 10 each
- Price Band: Rs 367 – 386 per share
- Lot Size: 32 Shares
- Listing: BSE NSE
The Initial Public Offering of the Company will open on Tuesday, February 24, 2026, for subscription and close on Thursday, February 26, 2026. Investors can bid for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.
Number of equity shares outstanding as on the date of pre-Issue and Price Band Advertisement are 21,866,400 Equity Shares of face value of ₹10 each, and the IPO is a fresh issue of up to ₹3,800 million.
The proceeds from the fresh issue to the extent of ₹2,865.64 million will be for funding expenditure towards setting-up of 15 new stores, ₹354.00 million for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility of its flagship brand – Reva in their respective areas, and general corporate purposes.
The company’s revenue from operations was ₹1,567.18 million during the six months ended 30 September 2025 and its net profit was ₹201.33 million. The company’s revenue from operations was ₹2,581.83 million during FY25 vis-à-vis ₹1,988.48 million during FY23. Its net profit was ₹594.74 million during FY25 vis-à-vis ₹517.47 million during FY23.
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