PNGS Reva's Gleaming IPO: Shining Bright with Investor Appeal

PNGS Reva Diamond Jewellery IPO Sees Robust Interest on Debut Day

The initial public offering (IPO) of PNGS Reva Diamond Jewellery has generated significant interest among investors, with a 59% subscription rate on its debut day, according to data from the National Stock Exchange (NSE).

• Total Offer: Rs 380 crore
• Number of Shares Subscribed: 33,83,488

As per the company's latest update, PNGS Reva Diamond Jewellery has secured an amount of Rs 171 crore from anchor investors.

Proceeds Allocation:

• Establishing 15 new retail stores by 2028
• Marketing and corporate initiatives

CEO Amit Modak highlighted the company's focus on business expansion, revealing plans to invest Rs 287 crore in retail development.

PNGS Reva Diamond Jewellery's Growth Story:

The brand, born from P N Gadgil & Sons Ltd's sale, has demonstrated significant growth, reporting a 32% revenue increase in fiscal year 2025.

With its robust growth trajectory and ambitious expansion plans, PNGS Reva Diamond Jewellery is poised to make a mark in the retail industry.