PNGS Reva Diamond Jewellery IPO GMP Rises Ahead of Rs 380-Crore Launch Next Week

• PNGS Reva Diamond Jewellery's Grey Market Premium (GMP) increased ahead of its Rs 380-crore IPO.
• The IPO opens for subscription on February 24 and closes on February 26, with anchor bidding on February 23.
• Shares are commanding a premium of up to 9 percent in the grey market, indicating potential listing gains.
• 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 FY28, marketing, and general corporate purposes.