PNGS Reva IPO Description – PNGS Reva Diamond Jewellery is a specialized retail jewellery brand focused on the design and sale of diamond-studded and precious stone jewellery set in gold and platinum. Established as an independent entity in January 2025 following a strategic slump sale from its 190-year-old legacy promoter, P. N. Gadgil & Sons, the company operates under its flagship brand ‘Reva’. The brand targets a diverse customer base by offering high-quality craftsmanship at accessible price points, starting from INR 20,000.
As of 30 September 2025, the company operates through an extensive retail network across 33 locations, primarily utilizing a FOCO (Franchisee Owned, Company Operated) and FOFO model. Its product portfolio is led by high-demand categories such as Mangalsutras (21.34%) and Rings (20.84%). With a robust gross profit margin of 26.67%, the company is now scaling its operations, planning to launch 15 brand-exclusive stores by Fiscal 2028 to further penetrate the urban and semi-urban Indian jewellery market. As of 30 September 2025, the company had 69 employees on its payroll.
Promoters of PNGS Reva – P. N. Gadgil & Sons Limited, Govind Vishwanath Gadgil and Renu Govind Gadgil
Table of Contents
PNGS Reva IPO Details
| PNGS Reva IPO Dates | 24 – 26 February 2026 |
| PNGS Reva Issue Price | Coming soon |
| Fresh Issue | INR 380 crore |
| Offer For Sale | Nil |
| Total IPO Size | INR 380 crore |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | 2,18,66,400 shares |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
PNGS Reva IPO Allocation in Different Categories
PNGS Reva Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2026 | |
| Revenue | 198.85 | 195.63 | 258.18 | 156.72 |
| Expenses | 130.17 | 139.56 | 179.90 | 130.29 |
| Net Income | 51.75 | 42.41 | 59.47 | 20.13 |
| Margin (%) | 26.02 | 21.68 | 23.03 | 12.84 |
PNGS Reva Offer News
- PNGS Reva RHP
- PNGS Reva DRHP
- PNGS Reva Anchor Investors
- ASBA IPO Forms
- IPO Process in India
- Live IPO Subscription Status
- IPO Allotment Status
PNGS Reva Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026 (Post-Issue) | |
| EPS | – | – | 35.21 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | (99.48) | (148.84) | 59.36 |
| Price/Book Ratio | – | – | – |
| Current Ratio | 13.7 | 0.8 | 1.8 |
| Price/Sales Ratio | – | – | – |
| NAV | NA | NA | 45.82 |
| ROCE (%) | 60.0 | (201.9) | 79.8 |
| Adj. EBITDA (%) | 34.56 | 28.70 | 30.83 |
| Debt/Equity | NA | NA | 0.37 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
PNGS Reva IPO Anchor Investors
PNGS Reva raises () from anchor investors. PNGS Reva anchor bid date is 23 February 2026.
| Bid Date | 23 February 2026 |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | 27 March 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | 1 June 2026 |
PNGS Reva IPO GMP Today (Daily Trend)
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
PNGS Reva Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding expenditure towards setting-up of 15 new stores — INR 286.56 crore
- Marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility of flagship brand, “Reva” — INR 35.40 crore
- General Corporate Purposes
PNGS Reva IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
PNGS Reva – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| PNGS Reva* | – | 35.21 | 59.36 | 45.82 | 258.18 |
| Tribhovandas Bhimji Zaveri | 15.74 | 10.25 | 10.41 | 98.49 | 2,620.48 |
| Thangamayil Jewellery | 80.96 | 42.0 | 10.77 | 390.03 | 4,910.58 |
| Senco Gold | 33.0 | 10.08 | 8.09 | 120.37 | 6,328.07 |
Read Also: Best Jewellery Stocks in India
PNGS Reva IPO Allotment Status
You can check PNGS Reva IPO allotment status on Bigshare Services’ website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
PNGS Reva IPO Dates & Listing Performance
| IPO Opening Date | 24 February 2026 |
| IPO Closing Date | 26 February 2026 |
| Finalization of Basis of Allotment | 27 February 2026 |
| Initiation of refunds | 2 March 2026 |
| Transfer of shares to demat accounts | 2 March 2026 |
| PNGS Reva IPO Listing Date | 4 March 2026 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
PNGS Reva IPO Reviews – Subscribe or Avoid?
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PNGS Reva IPO Lead Manager
SMART HORIZON CAPITAL ADVISORS PRIVATE LIMITED
B/908, Western Edge II, Kanakia Space,
Behind Metro Mall, off Western Express Highway,
Magathane, Borivali East, Mumbai – 400066
Phone: 022-28706822
Email: [email protected]
Website: www.shcapl.com
PNGS Reva Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No S6-2 6th Floor, Pinnacle Business Park,
Mahakali Caves Rd, next to Ahura Centre,
Andheri East, Mumbai-400093
Tel: 022-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
PNGS Reva Contact Details
PNGS REVA DIAMOND JEWELLERY LIMITED
Abhiruchi Mall, 59/1 C, Sinhgad Road,
Wadgaon Budruk, Pune – 411041, Maharashtra, India
Phone: +91 20 29980704
Email: [email protected]
Website: www.revabypng.in
IPO Resources
- IPO Investing Rules: 10 Commandments for Better IPO Returns
- Pre-IPO Shares: All you want to know
- Difference Between Primary Market and Secondary Market
- 5 Tips for Selecting an IPO to Invest In
- IPO Process in India: All you need to know
- 7 common IPO mistakes and how to avoid them
- Confidential IPO Filings in India: Everything You Need to Know
PNGS Reva IPO FAQs
How many shares in PNGS Reva IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in PNGS Reva Public Offer?
The best way to apply for PNGS Reva‘s public offer is through Internet banking ASBA (know all about ASBA here) before the last day cut-off time. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is PNGS Reva IPO GMP today?
PNGS Reva IPO GMP today is INR NA per share.
What is PNGS Reva kostak rate today?
PNGS Reva kostak rate today is INR NA per application.
What is PNGS Reva Subject to Sauda rate today?
PNGS Reva Subject to Sauda rate today is INR NA per application.