PNGS Reva Diamond Jewellery IPO to List at a Discount: GMP Indications Ahead of Market Debut

PNGS Reva Diamond Jewellery IPO Listing Imminent

Date: March 4 Listing: BSE and NSE

IPO Details

• Issue Size: ₹380 crore
• IPO Price: ₹386
• Fresh Issue: 98 lakh equity shares
• Lot Size: 32 shares
• Minimum Investment: ₹12,352 (at the upper end of the price band)

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Allotment and Subscription

• Allotment Date: February 27
• Subscription Period: February 24-26
• Subscription Ratio:
  • NII: 1.62 times
  • Retail: 1.34 times
  • QIB (excluding anchor investors): 1.10 times
  • Employee Quota: 7 times

Grey Market Premium (GMP)

• Latest GMP: - ₹15
• Estimated Listing Price: ₹371 (3.89% below IPO price)
• Previous Day's Low: - ₹21

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

Proceeds Utilisation

• New Retail Stores: ₹(amount not specified)
• Marketing and Promotional Activities: ₹(amount not specified)
• General Corporate Expenses: ₹(amount not specified)

Company Overview

• Incorporated: 2004
• Business Segment: Jewellery, with a focus on diamond-studded pieces
• Brand Name: "Reva"
• Merchant Banker: Smart Horizon Capital Advisors
• Registrar: Bigshare Services Pvt Ltd