PNGS Reva Diamond Jewellery IPO Listing Date: Here's What GMP Indicates Ahead Of Stock Market Debut On March 4

PNGS Reva Diamond Jewellery IPO Listing Date

The diamond jewellery maker PNGS Reva Diamond Jewellery is set to make its stock market debut on March 4, 2026. Despite this, the grey market premium (GMP) of its shares indicates muted listing prospects.

IPO Details and Subscription Status

• The initial public offering (IPO) of PNGS Reva Diamond Jewellery was available for public bidding from February 24 to February 26.
• The issue was subscribed an overall 1.23 times, according to exchange data.
• Subscription Breakdown:
  • Non-institutional investors (NIIs) led the subscription, placing bids 1.54 times their allocated portion.
  • Retail investors followed, subscribing the issue 1.29 times their quota.
  • Qualified institutional buyers (QIBs) placed bids 1.04 times their reserved share.

Share Allotment and Refund Details

The share allotment was finalised on February 27. Successful applicants received shares in their demat accounts on March 2, and the unsuccessful ones got a refund on the same day.

PNGS Reva Diamond Jewellery IPO Details

The jewellery maker raised Rs 380 crore through its IPO, which was entirely comprised of 9.84 million shares.

• The PNGS Reva Diamond Jewellery IPO’s price band was fixed at Rs 367 to Rs 386 per share, with shares issued at the upper end of the price.
• The lot size was 32 shares, requiring retail investors to commit a minimum of Rs 12,352 for subscribing one lot.

PNGS Reva Diamond Jewellery IPO Objectives

• PNGS Reva Diamond Jewellery will use Rs 286.56 crore from its net proceeds to set up 15 new stores.
• It will also spend Rs 35.40 crore on marketing and promotional activities to support these launches and enhance local visibility of its flagship brand, ‘Reva’.

PNGS Reva Diamond Jewellery IPO GMP Today, Expected Listing Price

Meanwhile, PNGS Reva Diamond Jewellery IPO's GMP was quoted at a discount of Rs 15 per share to the issue price, indicating a potential listing price of around Rs 371 per share.

This implies a negative GMP percentage of about 3.88 per cent, signalling expectations of a marginal discount listing.