Golden investment opportunity! IPO of PNGS Reva Diamond Jewelery to open on ‘Y’; Know the price band

• Golden investment opportunity!
• The IPO of PNGS Reva Diamond Jewelery will open on ‘Y’
• Know the price band

Mumbai, February 16, 2026: PNGS Reva Diamond Jewelery Limited, advised by Smart Horizon Capital Advisers Pvt Ltd (formerly Range Capital Advisers Pvt Ltd), has fixed a price band of ₹367 to ₹386 per share for its initial public offering (IPO). The face value of these shares is ₹10 each.

The Company’s IPO will open for investment on Tuesday, February 24, 2026 and close on Thursday, February 26, 2026. Investors can bid for a minimum of 32 equity shares and in multiples of 32 thereafter. The number of outstanding Equity Shares as on Pre-IPO and Price Band Announcement Date is 2,1866,400 (Face Value ₹10). This IPO is a fresh issue of up to ₹3,800 million.

Use of funds

Of the proceeds from this new issue, ₹2,865.64 million will be used to set up 15 new stores. Also, ₹354.00 million will be used for marketing and promotional expenditure related to the launch of 15 new stores, aimed at increasing local awareness and visibility of the flagship brand ‘Reva’. The remaining amount will be used for general corporate purposes.

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Allocation process

The issue is being executed through a ‘book-building’ process. In this, a minimum of 75% of the Net Issue has been reserved for Qualified Institutional Buyers (QIB), a maximum of 15% for Non-Institutional Investors (NII) and 10% for Retail Individual Investors.

For the six months ended September 30, 2025, the company’s revenue from operations was ₹1,567.18 million and net profit was ₹201.33 million. The company’s revenue in fiscal year 2025 (FY25) was ₹2,581.83 million, up from ₹1,988.48 million in fiscal year 2023 (FY23). Net profit in FY2025 was ₹594.74 million, compared to ₹517.47 million in FY23. Smart Horizon Capital Advisors is the ‘Book Running Lead Manager’ of the Issue and Bigshare Services Private Limited is the ‘Registrar’ of the Issue.

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