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Explore how PNGS Reva Diamond Jewellery Ltd.’s IPO performed on its opening day, including investor participation, price band details, key dates, and the step-by-step process to apply through ASBA or UPI.
The PNGS Reva Diamond Jewellery Ltd. IPO opened for subscription on February 24, 2026, marking the company’s entry into the primary market. Listed on the NSE & BSE (Mainboard) platform, the issue is structured as a book-building fresh issue.
The IPO aims to raise ₹380 crore, with equity shares offered in the price band of ₹367 to ₹386 per share and a face value of ₹10 per share. The minimum lot size is 32 shares, making it accessible to retail participants seeking exposure to the branded jewellery segment.
The PNGS Reva Diamond Jewellery Ltd. IPO opened with a cautious response on its first day of bidding. While retail participation remained modest, the “Others” category showed relatively stronger early traction. Institutional participation was yet to pick up momentum on Day 1.
As of February 24, 2026 (04:02 PM IST), the IPO was subscribed 0.53× overall. The “Others” category recorded the strongest participation during the session, followed by Qualified Institutional Buyers (QIBs). Retail Individual Investors (RIIs) showed moderate interest, while Non-Institutional Investors (NIIs) registered relatively limited bidding activity at the time of reporting.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.83× |
Retail Individual Investors (RII) |
0.29× |
Non-Institutional Investors (NII) |
0.05× |
Others |
3.05× |
Total |
0.53× |
The initial trend reflects selective participation, with broader subscription levels expected to evolve over the remaining bidding days.
On the second day of bidding, the PNGS Reva Diamond Jewellery Ltd. IPO was subscribed 0.70× overall, indicating steady investor participation. The Employee Reserved category saw strong demand, while Qualified Institutional Buyers (QIBs), Retail Individual Investors (RIIs), and Non-Institutional Investors (NIIs) showed moderate interest.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.92× |
Retail Individual Investors (RII) |
0.58× |
Non-Institutional Investors (NII) |
0.33× |
Others |
4.51× |
Total |
0.70× |
The Day 2 trend reflects strong participation from the employee segment, while institutional and retail categories are gradually building momentum ahead of the closing day.
On the third and final day of bidding, the IPO of PNGS Reva Diamond Jewellery Ltd. was subscribed 1.21× overall. The issue managed to cross the full subscription mark, supported by steady participation from Non-Institutional Investors (NIIs) and strong interest in the Employee Reserved category.
Qualified Institutional Buyers (QIBs) fully subscribed their allocated portion, while Retail Individual Investors (RIIs) remained slightly below full subscription. The Employee segment witnessed robust demand.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
1.04× |
Retail Individual Investors (RII) |
1.17× |
Non-Institutional Investors (NII) |
1.52× |
Employee Reserved |
6.41× |
Total |
1.21× |
The overall subscription of 1.21× indicates moderate investor interest by the close of Day 3. While institutional participation remained steady, the NII and Employee categories provided the necessary push for the issue to achieve full subscription.
The IPO price band is set between ₹367 and ₹386 per share, with a face value of ₹10 per share. Investors can apply for a minimum of 1 lot (32 shares) and in multiples thereof. At the upper price band of ₹386 per share, the minimum investment works out to: 32 × ₹386 = ₹12,352.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min) |
1 |
32 |
₹12,352 |
S-HNI (Min)* |
17 |
544 |
₹2,09,984 |
B-HNI (Min)* |
82 |
2,624 |
₹10,12,864 |
The pricing structure aligns with typical SME IPO patterns, catering to investors seeking affordable entry points in the consumer goods space.
For detailed insights about the company, issue particulars, and the latest updates, visit the PNGS Reva Diamond Jewellery IPO on Bajaj Markets.
The table below shows key milestones for the IPO, from bidding to listing:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
February 24, 2026 |
Issue opens for subscription |
IPO Close Date |
February 26, 2026 |
Final day to submit bids |
Basis of Allotment |
February 27, 2026 |
Finalisation of share allotment |
Initiation of Refunds |
March 2, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
March 2, 2026 |
Shares credited to successful applicants |
Listing Date |
March 4, 2026 |
Shares to debut on NSE & BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the IPO using either the ASBA facility through net banking or UPI-based applications via broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘PNGS Reva Diamond Jewellery Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘PNGS Reva Diamond Jewellery Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Check other upcoming ipo’s here : Upcoming IPO
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the IPO window.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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Posted on 19 Dec
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