PNGS Reva Diamond Jewellery IPO Opens Feb 24: 10 Key Things to Know

• PNGS Reva Diamond Jewellery IPO opens for public subscription on February 24, closing on February 26.
• The price band for the Rs 380-crore IPO is fixed at Rs 367 to Rs 386 per share.
• Proceeds will fund 15 new stores by FY28, marketing for the 'Reva' brand, and general corporate purposes.
• The company, a retail-focused diamond jewellery brand, had 33 stores across 25 cities as of March 31, 2025.
• Analysts assign a 'Neutral' rating, noting high PAT margins but highlighting dependence on promoters as a risk.