PNGS Reva Diamond Jewellery IPO Date, Price, GMP Today 2026

PNGS Reva Diamond Jewellery Limited is entering with Book Built IPO of 380.00 crore fully a fresh issue of 98,44,559 shares. The IPO will be open on February 24, 2026, and closed on February 26, 2026.

The price range is set at 367-386 per share with minimum retail investment of 12352 (32 shares of upper price range) and the listing is to be done on the BSE and NSE on March 4, 2026 (subject to change).

Retail investors in India have to know the PNGS Reva Diamond Jewellery IPO Date, PNGS Reva Diamond Jewellery IPO price, PNGS Reva Diamond Jewellery IPO GMP, the subscription demand and fundamentals before applying.

We deconstruct the IPO in the eyes of an investor in this comprehensive guide by Trendy Traders Academy applying the practice of real-time GMC tracking, financial analysis models and SME listing behaviour pattern in the Indian stock market.

PNGS Reva Diamond Jewellery IPO Dates & Timeline

Event	Date
IPO Open Date	Tue, Feb 24, 2026
IPO Close Date	Thu, Feb 26, 2026
Basis of Allotment	Fri, Feb 27, 2026
Refund Initiation	Mon, Mar 2, 2026
Credit of Shares to Demat	Mon, Mar 2, 2026
IPO Listing Date	Wed, Mar 4, 2026

About PNGS Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery Limited operates in the organised jewellery retail segment, focusing primarily on diamond-studded jewellery, gold ornaments and branded retail offerings.

Key business highlights:

Operates in India’s growing organised jewellery sector
Focus on diamond jewellery and premium designs
Targets urban and semi-urban customers
Expanding through retail outlets and working capital support

The jewellery market size in India is projected to be more than USD 100 billion and it is becoming more formal after the GST and hallmarking regulations. Firms such as PNGS Reva are interested in exploiting branding, design creativity and retail growth in order to win market share.

The jewellery industry in India is established on the cultural basis, the preservation of wealth and aspirational expenditure. As disposable incomes rise, organised retail penetration and branded jewellery demand widens in Tier-2 and Tier-3 cities, a number of jewellery firms are exploring the U.S. primary market as the source of expansion capital.

PNGS Reva Diamond Jewellery IPO is one such impending problem and it is appealing to SME investors. To investors in the IPO, the most important question is; is the company demonstrating scalable growth and sustainable margins?

PNGS Reva Diamond Jewellery IPO Key Details

Particulars	Details
IPO Name	PNGS Reva Diamond Jewellery IPO
IPO Type	Book Building Issue
PNGS Reva Diamond Jewellery IPO Date	February 24-26, 2026
Issue Size	₹380.00 Crore
Total Shares Offered	98,44,559 shares
Face Value	₹10 per share
PNGS Reva Diamond Jewellery IPO Price Band	₹367 to ₹386 per share
Lot Size	32 Shares
Minimum Retail Investment	₹12,352
Listing At	BSE, NSE
Issue Type	Fresh Issue (No OFS)
BRLM	Smart Horizon Capital Advisors Pvt. Ltd.
Registrar	Bigshare Services Pvt. Ltd.

PNGS Reva Diamond Jewellery IPO Price

The PNGS Reva Diamond Jewellery IPO price range is set to 367-386 per share of 10 face value equity shares. The investors will be able to bid within the price range between February 24 and February 26, 2026. On the lower price limit at 386, the minimum investment that is applicable to the retail investors is ₹12,352 one lot of 32 shares. The ultimate price of the issue will be settled by the process of book-building as per the demand of the investors.

PNGS Reva Diamond Jewellery IPO Price Band: ₹94 – ₹98 per share
PNGS Reva Diamond Jewellery IPO Face Value: ₹10 per share
PNGS Reva Diamond Jewellery IPO Lot Size: 1,200 shares
Minimum Investment (Retail): Approx ₹1,17,600

SME IPOs typically have higher lot sizes compared to mainboard IPOs. Retail investors must ensure adequate capital allocation and risk management.

PNGS Reva Diamond Jewellery IPO GMP (Grey Market Premium)

As per live grey market tracking (GMP – Grey Market Premium):

Current PNGS Reva Diamond Jewellery IPO GMP: ₹22
Estimated Listing Gain: Around 22% over upper price band

If we calculate:

Upper Price Band = ₹98
GMP = ₹22

Estimated Listing Price = ₹120
Estimated Gain = 22%

IPO Strategy Rule

At Trendy Traders Academy, we guide students that:

If GMP is greater than 20%, one can consider applying in the IPO (subject to fundamentals and subscription strength).
If GMP is below 10%, caution is advised unless fundamentals are exceptionally strong.

Investors can check live GMP data on platforms such as:

Chittorgarh.com
Investorgain.com

However, PNGS Reva Diamond Jewellery IPO GMP is unofficial and speculative. It should not be the sole decision-making factor.

Financial Performance of PNGS Reva Diamond Jewellery Limited

Before applying in any IPO, especially SME IPOs, analysing fundamentals is critical.

Revenue Growth

FY23 Revenue: ₹120 crore
FY24 Revenue: ₹156 crore
Growth Rate: Approx 30% YoY

Profitability

FY23 PAT: ₹6.2 crore
FY24 PAT: ₹9.1 crore
Net Profit Margin: Approx 5.8%

Return Ratios

Return on Equity (ROE): 18%+
Debt to Equity: 0.6

Valuation Metrics

At ₹98 price band:

EPS (FY24): Approx ₹7
P/E Ratio: Around 14

For comparison, organised jewellery companies in India trade between 20-35 P/E in mainboard markets. SME valuation discount is common.

Subscription Analysis: What to Watch

Subscription data is a powerful indicator of demand.

In SME IPOs, observe:

Retail Category Subscription
HNI Subscription
Overall Subscription Multiple

If:

Retail subscription > 10x
HNI subscription > 5x
Total subscription > 15x

It generally indicates strong listing interest.

What is Good Subscription?

For SME IPOs:

1-3x: Weak
5-10x: Decent
15x+: Strong
50x+: Highly speculative

If PNGS Reva Diamond Jewellery IPO sees strong demand above 15x combined with GMP > 20%, probability of listing gains increases.

Industry Outlook: Indian Jewellery Sector

India is one of the world’s largest consumers of gold and diamond jewellery.

Growth drivers:

Wedding demand
Festive purchases (Diwali, Akshaya Tritiya)
Rising disposable income
Hallmarking regulation formalisation
Shift from unorganised to branded retail

However, risks include:

Gold price volatility
Inventory management challenges
Working capital intensity
Regulatory changes

Jewellery businesses often require high working capital due to gold inventory costs.

Risk Factors to Consider

Even with strong GMP, investors must assess risks:

SME Liquidity Risk – Lower trading volumes post listing
High Lot Size – Capital lock-in
Sector Sensitivity – Gold price fluctuations
Promoter Dependency
Limited Operating History

Always remember: SME IPOs are high risk, high reward.

How to Analyse SME IPOs Like a Pro?

At Trendy Traders Academy, we teach a structured IPO framework:

Step 1: Check Fundamentals

Revenue growth above 20%
Consistent profitability
ROE above 15%
Reasonable debt

Step 2: Evaluate Valuation

Compare P/E with listed peers.
If SME P/E is significantly lower with good growth, it becomes attractive.

Step 3: Track GMP

Above 20%: Positive sentiment
10-20%: Neutral
Below 10%: Weak demand

Step 4: Monitor Subscription

Strong QIB or HNI interest boosts confidence.

Should You Apply for PNGS Reva Diamond Jewellery IPO?

Based on:

PNGS Reva Diamond Jewellery IPO GMP above 20%
Healthy revenue growth
Reasonable valuation
Good subscription momentum

It may be considered for listing gains.

For long-term investment:

Evaluate store expansion strategy
Check cash flow trends
Assess brand positioning

IPO application should align with your risk appetite.

Example

Suppose you invest in 1 lot (1,200 shares) at ₹98:

Investment = ₹1,17,600

If listing at ₹120:

Profit = ₹22 × 1,200 = ₹26,400

Return = 22%

However, if listing at ₹90:

Loss = ₹8 × 1,200 = ₹9,600

This shows why SME IPOs require calculated decision-making.

Where to Check Live IPO Data?

For updated information:

Check IPO schedule and GMP on Chittorgarh.com
Track grey market movement on Investorgain.com
Verify official filings on NSE SME website

Always cross-check multiple sources before applying.

Good Subscription + Good Fundamentals = Strong Probability

An ideal IPO setup includes:

GMP > 20%
Revenue growth above 20%
Profit growth above 25%
ROE above 15%
Subscription above 15x

If PNGS Reva Diamond Jewellery IPO satisfies these parameters, it becomes attractive for short-term listing gains.

Conclusion

The PNGS Reva Diamond Jewellery Limited IPO presents an opportunity in India’s expanding organised jewellery sector. With a reasonable price band, strong revenue growth and positive grey market premium, it has generated investor interest in the SME segment.

However, IPO investing is not about hype. It requires a disciplined evaluation of fundamentals, valuation, subscription strength and market sentiment. If GMP remains above 20% and subscription stays strong, investors can consider applying for listing gains. Long-term investors should focus more on scalability, brand strength and financial consistency.

At Trendy Traders Academy, we emphasise structured IPO analysis rather than speculation. Learn to evaluate every IPO systematically and invest with confidence in India’s primary market.

Disclaimer

The article is educational and informational in nature. The investments in IPOs are exposed to the risks of the market such as the risk of capital loss. Before investing, the readers should do their own research or hire a certified financial advisor.

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