PNGS Reva Diamond Jewellery Limited, in consultation with Smart Horizon Capital Advisors Private Limited (formerly known as Shreni Capital Advisors Private Limited), has fixed the price band of ₹367 to ₹386 per Equity Share of face value ₹ 10 each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, February 24, 2026, for subscription and close on Thursday, February 26, 2026. Investors can bid for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.

Number of equity shares outstanding as on the date of pre-Issue and Price Band Advertisement are 21,866,400 Equity Shares of face value of ₹10 each, and the IPO is a fresh issue of up to ₹3,800 million.

The proceeds from the fresh issue to the extent of ₹2,865.64 million will be for funding expenditure towards setting-up of 15 new stores, ₹354.00 million for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility of its flagship brand - Reva in their respective areas, and general corporate purposes.

The Issue is being made through the book-building process, wherein not less than 75% of the Net Issue is available for allotment or allocation to qualified institutional buyers, and not more than 15% and 10% of the Net Issue is available for allotment or allocation to non-institutional investors and retail individual investors, respectively.

The company’s revenue from operations was ₹1,567.18 million during the six months ended 30 September 2025 and its net profit was ₹201.33 million.

The company’s revenue from operations was ₹2,581.83 million during FY25 vis-à-vis ₹1,988.48 million during FY23. Its net profit was ₹594.74 million during FY25 vis-à-vis ₹517.47 million during FY23.

Smart Horizon Capital Advisors is the book running lead manager; and Bigshare Services Private Limited is the registrar to the Issue.

Courtesy : AOJ Desk News