PNGS Reva Diamond Jewellerys Rs 380-crore IPO opens on February 24 with a price band of Rs 367–386. The company currently has 21,866,400 equity shares outstanding on a pre-issue basis. It plans to expand aggressively, using proceeds to open 15 new stores, scale marketing for its Reva brand, and bolster corporate needs.

PNGS Reva Diamond IPO to open on February 24. Check price band and other details

PNGS Reva Diamond Jewellery Launches Rs 380-Crore IPO

PNGS Reva Diamond Jewellery's highly anticipated Initial Public Offering (IPO) is set to begin on February 24, with a price band of Rs 367–386. This significant milestone marks a new chapter in the company's growth journey.

The company currently boasts 21,866,400 equity shares outstanding, which will be utilized to drive expansion and bolster corporate needs. The IPO aims to raise essential funds for:

Aggressive Expansion: Opening 15 new stores to increase brand presence and reach a wider audience
Marketing Efforts: Scaling marketing for its Reva brand to enhance brand recognition and establish a strong online presence
Corporate Needs: Bolstering corporate requirements to drive business growth and improve operational efficiency

This move is expected to propel PNGS Reva Diamond Jewellery to new heights, solidifying its position in the market and paving the way for future success.