PNGS Reva Diamond Jewellery IPO: GMP Suggests Subdued Wednesday Listing

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PNGS Reva Diamond Jewellery IPO: Muted Listing Expected Wednesday

PNGS Reva Diamond Jewellery shares to list on exchanges on March 4.

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Moneycontrol•03-03-2026, 17:48

PNGS Reva Diamond Jewellery IPO: Muted Listing Expected Wednesday

•PNGS Reva Diamond Jewellery IPO is set for a muted debut on Wednesday, with grey market trends indicating a flat listing.
•The Rs 380-crore IPO was subscribed 1.23 times; the company raised Rs 171 crore from anchor investors.
•Funds will be utilized to establish 15 new stores by FY28, enhance 'Reva' brand visibility, and for general corporate purposes.
•Formed after P N Gadgil & Sons Ltd transferred its diamond jewellery business, it operates as a retail-focused brand.
•The company plans to invest Rs 286.5 crore to set up 15 new retail outlets.

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