Reva Diamonds IPO: Price Band Set at Rs 367-386, Rs 380-Crore Issue Opens Feb 24

• Reva Diamonds has fixed its IPO price band at Rs 367-386 per share for its Rs 380-crore initial share sale.
• The public issue will be open for subscription from February 24 to February 26, with the anchor book launching on February 23.
• The IPO is entirely a fresh issue, with no offer-for-sale component, and includes a reservation for employees.
• Proceeds from the IPO, amounting to Rs 286.5 crore, will fund 15 new brand-exclusive stores across India.
• Reva Diamonds, valued at Rs 1,223.5 crore at the upper price band, currently operates 34 retail stores, mostly shop-in-shop formats.