PNGS Reva Diamond IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 199.35 | 196.24 | 259.11 |
| Expense | 130.17 | 139.56 | 179.90 |
| Profit (PAT) | 51.75 | 42.40 | 59.81 |
| Total Assets | 123.93 | 158.33 | 226.84 |
Peer Comparison
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Tribhovandas Bhimji Zaveri Limited | 8.16 | 23.58 | 9 |
| Thangamayil Jewellery Limited | 44.91 | 41.24 | 25 |
| Senco Gold Limited | 24.06 | 14.48 | 13 |
Promoters & Holding Pattern
Promoters: P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil And Renu Govind Gadgil
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 2,18,66,400 | 87.45% |
| Promoter Holding Post Issue | 3,17,10,959 | 60.31% |
Strengths & Risks
- Revenue grew 32% in the latest reported year.
- Solid profit margin — 23.1%.
- Strong return on equity — 59%.
- Low leverage — debt/equity of 0.37.
Our data checks haven't flagged a specific concern for PNGS Reva Diamond — but that isn't a clean bill of health. Read the risk-factors section of the RHP, which lists company-specific risks our data can't capture.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About PNGS Reva Diamond
PNGS (P. N. Gadgil & Sons) Reva Diamond Jewellery, incorporated in 2004, operates in the jewellery business. The company is engaged in selling a wide range of jewellery crafted from diamonds and precious and semi-precious stone jewellery set in gold and platinum. To offer affordable yet stylish diamond jewellery, they also launched a diamond-focused sub-brand, Reva, in February 2025. Its product portfolio consists of Diamond rings, diamond earrings, Diamond bracelets, Diamond sets, and Diamond necklace sets. The firm decided to launch the Reva collection before Valentine’s Day in 2025 to tap into festive demand and attract customers for gift options. Its Reva collection is crafted with pure diamond prices and modern designs with starting priced from ₹10,000. The firm includes a total of 33 stores spanning 25 cities as of March 31, 2025.
Company Contact Information
PNGS Reva Diamond Jewellery Limited., Abhiruchi Mall, 59/1 C, Sinhgad Road,, Wadgaon Budruk,, Pune – 411041,, Maharashtra, India
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding expenditure towards setting-up of 15 New Stores | 286.56 |
| Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas | 35.40 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
IPO Documents
Draft Red Herring ProspectusPNGS Reva Diamond IPO - Quick Take
PNGS Reva Diamond has set a price band of Rs 367–Rs 386 per share for an issue size of Rs 380 crore. The stock listed with a 2.85% discount versus its issue price on March 04, 2026.
The issue is promoted by P.N. Gadgil & Sons Limited, Govind Vishwanath Gadgil And Renu Govind Gadgil with Smart Horizon Capital Advisors Private Limited acting as lead manager. Net proceeds will primarily be used towards funding expenditure towards setting-up of 15 New Stores (Rs 287 crore) and marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness… (Rs 35 crore).
On fundamentals, the company is posting revenue growth of 32.0%, a profit margin of 23.1%, return on equity of 59.4% in its most recent reported period. Listed peers in this segment include Thangamayil Jewellery Limited (P/E 41.24x, market cap Rs 25 crore) and Senco Gold Limited (P/E 14.48x, market cap Rs 13 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
PNGS Reva Diamond IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was -0.3%. Of the 15 Mainboard IPOs we have tracked with a final GMP below zero, 2 listed above, 0 flat and 13 below the issue price; PNGS Reva Diamond listed 2.9% below its issue price.
See the full PNGS Reva Diamond GMP history and trend, or learn how grey market premium works and how reliable it is.
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