Reva Diamond IPO: Early Push for Expansion, Promoters Shy of Debt

• PNGS Reva Diamond Jewellery CEO Amit Modak explains early IPO to fund expansion, avoiding debt despite borrowing capacity.
• The Rs 380 crore IPO will fund 15 new stores (Rs 286.5 crore) and marketing (Rs 35.4 crore).
• Reva aims to be a 360-degree natural diamond brand, catering to a wide price range and Gen Z customers.
• Promoters prioritize investor returns, citing PNGS Gargi Fashion Jewellery's 5x return post-listing.
• Company addresses concerns on lab-grown diamonds, falling global prices, and high inventory levels.