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  5. PNGS Reva Diamond Jewellery IPO subscribed 72% so far on Day 2: 10 key things to know

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PNGS Reva Diamond Jewellery IPO subscribed 72% so far on Day 2: 10 key things to know

Kamal Joshi
By Kamal Joshi

3 min read | Updated on February 25, 2026, 15:00 IST

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SUMMARY

PNGS Reva Diamond Jewellery IPO: The ₹380 crore book-build issue is exclusively a fresh issuance of 98 lakh shares. There is no offer for sale component.

Before IPO, PNGS Reva Diamond Jewellery had raised nearly ₹171 crore from anchor investors. | Image: revabypng.com

Before IPO, PNGS Reva Diamond Jewellery had raised nearly ₹171 crore from anchor investors. | Image: revabypng.com

PNGS Reva Diamond Jewellery IPO has been subscribed 72% so far on the second day of bidding on Wednesday, February 25. It got bids for 40,85,696 shares as against 57,06,235 shares on offer, according to data on NSE website until 2:58 pm.

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The category for qualified institutional buyers subscribed 92%, while the quota for retail individual investors got 60% subscription. The portion for non-institutional investors subscribed 36%.

PNGS Reva Diamond Jewellery IPO: Key things to know

  • PNGS Reva Diamond Jewellery IPO subscription period: The initial public offering is open from February 24 to February 26.
  • IPO offer structure: The ₹380 crore book-build issue is exclusively a fresh issuance of 98 lakh shares.
  • PNGS Reva Diamond Jewellery IPO price band: The price range has been fixed at ₹367 to ₹386 per share.
  • PNGS Reva Diamond Jewellery IPO anchor investors: Prior to the IPO, the firm collected nearly ₹171 crore in the anchor round from investors including Citigroup Global Markets Mauritius, Tata Mutual Fund (MF), Societe Generale, Groww MF, SageOne Investments, Tiger Strategies Fund -I and Innovative Vision Fund, among others.
  • PNGS Reva Diamond Jewellery IPO lot size: An application consists of 32 shares and in multiples thereafter.
  • Reservation: The company has reserved 75% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 10% for retail individual investors.
  • Objectives: Proceeds of the public issue will be utilised for establishing 15 new stores, marketing and promotional expenses and general corporate purposes.
  • Book-running lead manager and registrar: Smart Horizon Capital Advisors is the merchant banker for the issue, while Bigshare Services Pvt Ltd is the registrar.
  • PNGS Reva Diamond Jewellery IPO allotment date: The basis of allotment is likely to be finalised on Friday, February 27.
  • Listing date: The listing on the NSE and the BSE will take place on Wednesday, March 4.
ALSO READ | Top 10 mainboard IPOs of FY26: Ather Energy, Aditya Infotech, Belrise Industries, Borana Weaves and more

PNGS Reva Diamond Jewellery IPO GMP

According to investorgain.com and media reports, unlisted shares of PNGS Reva Diamond Jewellery Ltd are trading at ₹381.5, reflecting a grey market premium (GMP) of 0.39% over the upper price band of ₹386.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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