The QIB portion was subscribed 1.04 times, the retail segment 1.29 times, and the non-institutional investors’ category 1.54 times.
Shares of PNGS Reva Diamond Jewellery are currently commanding a flat GMP in the grey market, according to platforms tracking unofficial market activity.Investors can check their allotment status on the websites of the NSE, BSE, or the registrar, Bigshare Services Pvt. Ltd.
On the BSE website, select ‘Equity’ under Issue Type, choose ‘PNGS Reva Diamond Jewellery’ from the dropdown, enter your application number or PAN, complete the captcha verification and click ‘Search’.
On the NSE website, select ‘Equity & SME IPO bid details’, choose ‘PNGS’ from the symbol dropdown, enter your application number and PAN, and submit.On the Bigshare Services portal, select the company name from the dropdown, choose your identification option such as application number, beneficiary ID or PAN, enter the details, complete the captcha and click ‘Search’.
Shares will be credited to successful applicants’ demat accounts on March 2, while refunds for unsuccessful bidders will also be processed the same day. The stock is scheduled to list on the NSE and BSE on March 4.
The issue was open for subscription from February 24 to February 26. Ahead of the launch, the company raised ₹170.58 crore from anchor investors.
The price band was set at ₹367 to ₹386 per share, with a lot size of 32 shares.
The Pune-based company’s IPO comprised entirely a fresh issue, with no offer-for-sale component. Proceeds will be used to open 15 new stores by FY28, fund marketing and promotional expenses for the ‘Reva’ brand, and meet general corporate requirements.
PNGS Reva Diamond Jewellery was carved out after its promoter, P N Gadgil & Sons Ltd, transferred its diamond jewellery business into a separate retail-focused entity through a slump sale.
As of March 31, 2025, the company operated 33 stores across 25 cities in Maharashtra, Gujarat and Karnataka. Revenue rose 32% to ₹258.18 crore in FY25 from ₹195.63 crore a year earlier, while profit climbed 40% to ₹59.47 crore.
