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15 Days Price Change

PNGS Reva Diamond IPO

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Profile
Issue Size 220.26 Cr
Profile
Price Range 367  to  386 per share
Profile
Min Investment ₹386
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are a retail focused jewellery brand involved in the business of sale of a wide range of jewellery made usingdiamond and precious and semi-precious stones which are studded into precious metals such as gold and platinum.We also retail plain platinum jewellery including rings, bracelets and chains. Our products are sold under our flagshipbrand, “Reva”. The Reva brand aims to blend traditional elegance with modern aesthetics, offering customizablediamond jewellery that appeals to a broad customer base (Source: CARE Report).Our Corporate Promoter, P.N. Gadgil & Sons Limited was originally involved in the business of gold jewellery, silverjewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related giftitems. Pursuant to a business transfer agreement dated January 31, 2025, our Corporate Promoter, P.N. Gadgil & SonsLimited undertook a strategic move with a disinvestment via a slump sale of their diamond business in favour of ourCompany (“Business Transfer Agreement”). This restructuring led to the establishment of our Company as anindependent business entity, allowing us to carve out our distinct identity in the market while continuing to operate inthe diamond jewellery industry. Pursuant to the Business Transfer Agreement, our Company stands as a separate playerin the diamond jewellery segment, committed to offering high-quality jewellery pieces made using diamond andprecious and semi-precious stones which are studded in precious metals such as gold and platinum. Our flagship brand“Reva” continues to uphold the legacy of more than 190 years of our Corporate Promoter, P.N Gadgil & Sons Limited(Source: CARE Report). For further details on the Business Transfer Agreement, see “History and Certain CorporateMatters” on page 290.With the diamond jewellery sector in India seeing a robust growth in recent years, particularly among consumerslooking for luxury and exclusivity, diamonds are a popular choice for special occasions, particularly weddings, andare often seen as a symbol of sophistication. This segment is supported by a strong retail presence and branding effortsfrom both domestic and international jewellers. Innovations in diamond cutting and bespoke design options havefurther driven interest, making diamond jewellery a staple in modern Indian collections. Read More

Basic Info

Face Value 10 per share

Price 367  to  386 per share

P/E (x) 11

Sales( Cr.) 258

PAT( Cr.) 59

EPS 35.2

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

P.N. Gadgil & Sons Ltd. Govind Vishwanath Gadgil Renu Govind Gadgil

Pre Issue Share Holding 87.45%

Post Issue Share Holding 60.32%

Listing Details:

Listing Price: 372

Listing Gain: -3.76%

Current Price: 376.7

Gain On Issue: 376.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 24, 2026
Closing Date Feb 26, 2026
Allotment Feb 27, 2026
Refund Mar 02, 2026
Delivery of Shares Mar 02, 2026
Listing Date Mar 03, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 32 12,352
Retail (Max) 16 512 197,632
S-HNI (Min) 17 544 209,984
S-HNI (Max) 80 2560 988,160
B-HNI (Min) 81 2592 1,000,512

Objective of the Issue

1. Funding expenditure towards setting-up of 15 new brand-exclusive stores across India with a focus of targeting in Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities in India (“New Stores”).2. 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.3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 3109793 3242304 1x
NII 1551555 2388224 1.5x
Retail 1034370 1330400 1.3x
EMP 10517 70848 6.7x
Total 5706235 7031776 1.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

PNGS Reva Diamond Profit & Loss

#(Fig in Cr.) Mar 2025 TTM
Net Sales 258
Other Income 1
Total Income 259
Total Expenditure 178
Operating Profit 81
Interest 2
Depreciation 0
Exceptional Income / Expenses 0
Profit Before Tax 79
Provision for Tax 20
Profit After Tax 59
Adjustments 0
Profit After Adjustments 59
Adjusted Earnings Per Share 27.2

PNGS Reva Diamond Balance Sheet

#(Fig in Cr.) Mar 2025
Shareholder's Funds 100
Minority's Interest 0
Borrowings 0
Other Non-Current Liabilities 1
Total Current Liabilities 126
Total Liabilities 227
Fixed Assets 1
Other Non-Current Assets 0
Total Current Assets 226
Total Assets 227

PNGS Reva Diamond Cash Flow

#(Fig in Cr.) Mar 2025
Opening Cash & Cash Equivalents 1
Cash Flow from Operating Activities 39
Cash Flow from Investing Activities -159
Cash Flow from Financing Activities 173
Net Cash Inflow / Outflow 53
Closing Cash & Cash Equivalent 39

PNGS Reva Diamond Ratios

# Mar 2025
Earnings Per Share (Rs) 27.2
CEPS(Rs) 27.22
DPS(Rs) 0
Book NAV/Share(Rs) 45.82
Core EBITDA Margin(%) 31.06
EBIT Margin(%) 31.4
Pre Tax Margin(%) 30.68
PAT Margin (%) 23.04
Cash Profit Margin (%) 23.05
ROA(%) 26.23
ROE(%) 59.36
ROCE(%) 42.48
Receivable days 0.22
Inventory Days 253.65
Payable days 71.13
PER(x) 0
Price/Book(x) 0
Dividend Yield(%) 0
EV/Net Sales(x) 0.22
EV/Core EBITDA(x) 0.7
Net Sales Growth(%) 0
EBIT Growth(%) 0
PAT Growth(%) 0
EPS Growth(%) 0
Debt/Equity(x) 0.9
Current Ratio(x) 1.79
Quick Ratio(x) 0.37
Interest Cover(x) 43.4
Total Debt/Mcap(x) 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 0%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 59% 59% 59% 59%
ROCE Average 42% 42% 42% 42%

Company Contact Information

PNGS Reva Diamond Jewellery Ltd.

Kirti Suryakant Vaidya

91 020-29980704

investor@revabypng.com

IPO Lead Manager(s)

PNGS Reva Diamond Jewellery Ltd.

Smart Horizon Capital Advisors Pvt Ltd.

Registrar Info

PNGS Reva Diamond Jewellery Ltd.

Bigshare Services Pvt Ltd

G 10 Left Wing Amruta Village , Opp: Yashoda Hospital,Raj Bhavan Road,Somajiguda,Hyderabad

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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