Reva Diamond Jewellery IPO Opens On Feb 24
FinTech BizNews Service
Mumbai, February 16, 2026: PNGS Reva Diamond Jewellery Limited, in consultation with Smart Horizon Capital Advisors Private Limited (formerly known as Shreni Capital Advisors Private Limited), has fixed the price band of Rs367 to Rs386 per Equity Share of face value Rs 10 each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, February 24, 2026, for subscription and close on Thursday, February 26, 2026. Investors can bid for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter.
Number of equity shares outstanding as on the date of pre-Issue and Price Band Advertisement are 21,866,400 Equity Shares of face value of Rs10 each, and the IPO is a fresh issue of up to Rs3,800 million.
The proceeds from the fresh issue to the extent of Rs2,865.64 million will be for funding expenditure towards setting-up of 15 new stores, Rs354.00 million for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility of its flagship brand - Reva in their respective areas, and general corporate purposes.
The Issue is being made through the book-building process, wherein not less than 75% of the Net Issue is available for allotment or allocation to qualified institutional buyers, and not more than 15% and 10% of the Net Issue is available for allotment or allocation to non-institutional investors and retail individual investors, respectively.
The company’s revenue from operations was Rs1,567.18 million during the six months ended 30 September 2025 and its net profit was Rs201.33 million.
The company’s revenue from operations was Rs2,581.83 million during FY25 vis-à-vis Rs1,988.48 million during FY23. Its net profit was Rs594.74 million during FY25 vis-à-vis Rs517.47 million during FY23.
Smart Horizon Capital Advisors is the book running lead manager; and Bigshare Services Private Limited is the registrar to the Issue.
