Issue closes on Thursday, February 26, 2026, for bidding

The Initial Public Offering of PNGS Reva Diamond Jewellery was subscribed 0.59 times on the first day of bidding, demonstrating strong demand from qualified institutional buyers and retail investors for this IPO.

Qualified Institutional Buyer (QIB) and Retail Portion was subscribed 0.92 times and 0.37 times. Whereas Non-Institutional Investors (NII) Portion was subscribed 0.07 Times.

The issue received bids of 33,83,712 equity shares against the offered 57,06,235 equity shares, according to data available on the stock exchanges.

The issue kicked off for subscription on Tuesday, February 24, 2026, and will close for subscription on Thursday, February 26, 2026.

A day before the opening of the issue, PNGS Reva Diamond Limited had raised nearly Rs 170.6 crore from anchor investors.

Some of the marquee institutions that participated in the anchor include Citigroup Global Markets Mauritius, Societe Generale, Astorne Capital VCC – Arven, Aanjay Ageless AIF Fund, and Holani Venture Capital Fund – 1.

Amongst equity- oriented schemes, the company has allocated shares to Tata India Consumer Fund and Groww Mutual Fund – Large Cap Fund.

Leading brokerage firms like Adroit Financial, Lakshmishree and Marwadi Shares and Finance have given their “Subscribe” recommendation to PNGS Reva Diamond Jewellery, which is a retail focused jewellery brand involved in the business of sale of a wide range of jewellery made using diamond and precious and semi-precious stones, that are studded into precious metals such as gold and platinum.

Brokerage reports highlight the company’s strong fundamentals and brand backing from its 190-year-old promoter, P. N. Gadgil & Sons Limited, ensuring trust and industry expertise.