PNGS Reva Diamond Jewellery Limited
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₹-15(-3.89%)
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PNGS Reva Diamond Jewellery Limited's successfully completed its Initial Public Offering and commenced trading on Mar 04, 2026 at the NSE, BSE exchange. The company raised 98,44,559 Shares through this public offering, comprising 98,44,559 Shares in fresh capital.
The IPO was priced within the band of ₹367 to ₹386, with minimum application lots of 32 shares. The offering attracted significant investor interest during its subscription period from Feb 24, 2026 to Feb 26, 2026.
Share allotment was finalized on Feb 27, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
PNGS, short for P N Gadgil & Sons, was incorporated in 2004 and operates in the jewellery business. The company offers a wide range of jewellery made with diamonds, precious and semi-precious stones set in gold and platinum. In February 2025, it launched a new diamond-focused sub-brand called Reva, which provides stylish and affordable diamond jewellery starting from ₹10,000. The Reva collection includes modern, customizable pure diamond designs and was introduced just before Valentine’s Day 2025 with special offers like no making charges to attract customers. As of March 31, 2025, PNGS operates 33 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, covering a total area of 599.15 running feet. Its product range includes diamond rings, earrings, bracelets, pendant sets, and necklace sets, all made in hallmarked gold.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong brand legacy in the jewellery segment: PNGS is a trusted and well-known jewellery brand with a strong presence in Maharashtra and nearby states, helping build customer loyalty and repeat business.
- Wide product portfolio: The company offers a variety of jewellery including gold, diamond, platinum, and stone-studded designs, attracting customers for weddings, festivals, gifting, and other occasions.
- Expansion into affordable diamond segment (Reva brand): The launch of the diamond-focused sub-brand “Reva” starting from ₹10,000 targets young and budget-conscious customers, while offers like no making charges help boost sales.
- Limited geographic presence: PNGS mainly operates in Maharashtra, Gujarat, and Karnataka, and limited expansion outside these states may slow national growth.
- High dependence on gold and diamond price fluctuations: Changes in gold and diamond prices directly affect margins and customer buying demand.
- Competitive industry pressure: The jewellery market is highly competitive with strong organized brands and local jewellers, and the new “Reva” brand may face tough competition in the affordable diamond segment.
- P.N. Gadgil & Sons Limited
- Govind Vishwanath Gadgil
- Renu Govind Gadgil
PNGS Reva Diamond Jewellery Limited
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