PNGS Reva Diamond Jewellery IPO Day 1 Performance: 3% Subscription So Far

PNGS Reva Diamond Jewellery IPO Update

IPO Details

• Valuation: ₹380 crore
• Issue Type: Fresh issue of equity shares with no offer-for-sale component
• Price Band: ₹367 to ₹386 per share
• Listing: National Stock Exchange of India and the BSE

IPO Timeline

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• Bidding Period: February 24 to February 26
• Listing Date: TBA

Anchor Investor Update

• Amount Raised: ₹171 crore from anchor investors
• Anchor Investors: Citigroup Global Markets Mauritius, Societe Generale, Tata Mutual Fund, Groww Mutual Fund, SageOne Investments, Tiger Strategies Fund I, and Innovative Vision Fund, among others

Company Performance

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• Revenue from Operations: ₹258.18 crore in FY2025, up 32% from ₹195.63 crore in the previous fiscal
• Net Profit: ₹59.47 crore in FY2025, up 40% from the previous fiscal
• Store Network: 33 stores across 25 cities in Maharashtra, Gujarat, and Karnataka as of March 31, 2025

IPO GMP

• Current GMP: ₹9 per share
• Listing Price: Estimated to be ₹395 per share, signalling a listing gain of 2%