About
PNGS Reva Diamond Jewellery Limited was originally established as a partnership firm, Gadgil Metals and Commodities, in July 2004. It was subsequently converted into a public limited company on December 20, 2024. The Company is promoted by P. N. Gadgil & Sons Limited, along with Govind Vishwanath Gadgil and Renu Govind Gadgil. It operates as a retail-focused jewellery brand under its flagship label, “Reva.” The Company is engaged in the sale of diamond jewellery studded in gold and platinum, as well as plain platinum jewellery. Its offerings are design-led and cater to a wide range of customer preferences and price points. The retail network includes a combination of company-owned and franchise-led stores across multiple cities, primarily in Maharashtra, Gujarat and Karnataka. The business model leverages shop-in-shop formats within the retail ecosystem of its Corporate Promoter, enabling operational efficiencies and access to established customer footfall. The Company’s key strengths include strong promoter legacy, brand recognition, a focused diamond jewellery strategy, and an asset-light expansion approach supported by retail synergies.
IPO schedule
| Issue open date | 2026-02-24 |
| Issue close date | 2026-02-26 |
| UPI mandate deadline | 2026-02-26 (5 PM) |
| Allotment finalization | 2026-02-27 |
| Refund initiation | 2026-03-02 |
| Share credit | 2026-03-02 |
| Listing date | 2026-03-04 |
| Mandate end date | 2026-03-12 |
| Lock-in end date for anchor investors (50%) | 2026-03-29 |
| Lock-in end date for anchor investors (remaining) | 2026-05-28 |
Financials
| Financial Year Ended | March 2024 | March 2025 | September 2025 |
| Total Assets | 158.33 | 226.84 | 352.7 |
| Revenue | 196.24 | 259.11 | 157.12 |
| Profit After Tax | 42.41 | 59.47 | 20.13 |
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 380 |
| Fresh Issue - Proceeds go to the company | 380 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding expenditure towards setting-up of 15 New Stores | 286.56 (75.41%) |
| Marketing & promotional expenses for new store launches | 35.4 (9.32%) |
| General corporate purposes | 58.04 (15.27%) |
Strengths
- Backed by a strong promoter legacy of P. N. Gadgil & Sons Limited.
- Focused retail model specialising in diamond jewellery under the “Reva” brand.
- Asset-light shop-in-shop format leveraging promoter infrastructure.
- Presence across multiple cities with an expanding retail footprint
- Design-led product portfolio catering to a diverse range of price segments.
Risks
- Heavy revenue dependence on the Maharashtra market.
- Brand reputation risk linked to Corporate Promoter.
- Rising competition from lab-grown and synthetic diamonds.
- High reliance on top suppliers for inventory sourcing.
- Execution risk in scaling and operating new stores successfully.
Allotment Status for PNGS Reva Diamond Jewellery
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- Visit the Bigshare Services IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status