PNGS Reva Diamond Jewellery IPO: 10 Key Facts Ahead of Offer Launch

PNGS Reva Diamond Jewellery IPO

IPO Details

• IPO Opening Date: Tuesday, February 24
• IPO Closing Date: Thursday, February 26
• IPO Size: ₹380 crore
• IPO Type: Fresh issuance of 0.98 crore equity shares
• Price Band: ₹367 to ₹386 per share
• Lot Size: 32 shares
• Minimum Investment: ₹12,352 (based on the upper end of the price band)

Utilization of Proceeds

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

• Opening of 15 new stores
• Marketing and promotional activities for new outlets
• General corporate purposes

Company Overview

• Company Name: PNGS Reva Diamond Jewellery
• Incorporation Date: 2004
• Business: Retail of diamond jewellery
• Key Brand: Reva
• Operational Cities: 25 cities in Maharashtra, Gujarat, and Karnataka
• Number of Stores: 34

IPO Timeline

Read also: Zepto Nears $1 Billion Quarterly Net Order Value Milestone Before IPO

• Allotment Date: February 27
• Listing Date: March 4 (tentative)
• Refund Date: March 2
• Crediting of Shares: March 2

IPO Team

• Book-Running Manager: Smart Horizon Capital Advisors
• Registrar: Bigshare Services