PNGS Reva Diamond Jewellery IPO
Open Date
24 Feb 2026
Close Date
26 Feb 2026
Open Date
24 Feb 2026
Close Date
26 Feb 2026
Min Investment
Lot Size
Issue Size
Price Range
Subscribed

Founded In
2004
CEO
Amit Yeshwant Modak
Financials of Pngs Reva Diamond Jewellery IPO
| Key Performance Indicators | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|
| Operating Revenue | 198.85 | 195.63 | 258.18 |
| Other Income | 0.50 | 0.60 | 0.92 |
Total Income | 199.35 | 196.24 | 259.11 |
Total Expenses | 130.17 | 139.56 | 179.90 |
| Profit Before Tax | 69.18 | 56.68 | 79.21 |
Total Profit | 51.75 | 42.41 | 59.47 |
All figures are in crores (₹)

Utilisation of Proceeds
All figures are in crores (₹)
| Purpose | Amount |
|---|---|
| The company intends to establish 15 new brand-exclusive stores across India to strengthen its presence in the organized diamond jewellery segment. These stores will be set up in tier-1 and tier-2 cities in Maharashtra and metro-cities across India, following the COCO model with company-owned and operated infrastructure. | 287 |
| The company proposes to utilize funds for marketing and promotional activities to create local brand awareness and visibility for the 15 new stores. These activities include outdoor advertising, print, radio, television, and digital advertisements to promote the new stores during their launch phase. | 35 |
| The company proposes to deploy the balance net proceeds towards general corporate purposes including strategic initiatives, working capital requirements, security deposits, marketing expenses, business development, facility expansion, and other expenditures in the ordinary course of business, subject to not exceeding 25% of gross proceeds. | - |

- Brand value and legacy of Promoters: The company's 'Reva' brand benefits from over 190 years of legacy through Corporate Promoter P.N. Gadgil & Sons Limited, with Individual Promoters bringing 45 and 13 years of jewellery industry experience respectively.
- Experienced Board of Directors with diverse expertise: The company is led by experienced management with expertise across finance, business, retail and jewellery, including 69 permanent employees providing stability for long-term growth.
- Regional expertise across multiple city tiers: The company operates across Tier-1, Tier-2 and Tier-3 cities in Maharashtra, Gujarat and Karnataka with 34 stores across 25 cities, enabling operational efficiency and community trust building.
- Diversified product portfolio across categories and price points: The company offers jewellery starting from approximately ₹20,000 to high-value pieces up to ₹40,00,000, with 13 distinct collections launched across multiple categories including rings, earrings, necklaces and bangles.
- Expertise in customised jewellery and high-value pieces: The company offers personalised jewellery with options for metal selection, gemstone preferences and engravings, supported by in-house design team of 2 designers and network of third-party manufacturers.
- Internal control and inventory processes with quality assurance: The company maintains ERP system with unique barcode identifiers, conducts scheduled audits across all stores, and ensures diamonds are certified by IGI with solitaires above 0.30 carats certified by GIA.

