PNGS Reva Diamond Jewellery to launch Rs 380-cr IPO on Feb 24

• PNGS Reva Diamond Jewellery will launch its Rs 380-crore initial public offering (IPO) for public subscription on February 24.
• The IPO will conclude on February 26, with anchor investor bidding on February 23.
• The Pune-based company's IPO is entirely a fresh issue of equity shares, with no offer for sale component.
• Proceeds will fund 15 new stores by fiscal year 2028, marketing for new stores, and general corporate purposes.
• PNGS Reva Diamond Jewellery, a retail-focused brand, reported a 32% revenue growth to Rs 258.18 crore in FY25 and a 40% profit increase to Rs 59.47 crore.