PNGS Reva Diamond Jewellery IPO
PNGS Reva Diamond Jewellery Limited (PNGSREVA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 04 March 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -0.5% (likely range -7% to +9%), day's high +0.6%, chance of a gain 49%. Actual: -2.9% at the open, +12.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 31,09,793 | 32,42,304 | 1.04x | |
| NII (HNI) total | 15,51,555 | 23,88,224 | 1.54x | |
| Big NII (above ₹10 lakh) | 10,34,370 | 16,77,888 | 1.62x | |
| Small NII (₹2-10 lakh) | 5,17,185 | 7,10,336 | 1.37x | |
| Retail | 10,34,370 | 13,30,400 | 1.29x | |
| Employees | 10,517 | 70,848 | 6.74x | |
| Total | 57,06,235 | 70,31,776 | 1.23x |
Bids on NSE and BSE together, as published by NSE, as of 26 Feb 2026, 07:00 PM. Shares offered exclude the anchor portion. 17% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to PNGS Reva Diamond Jewellery's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Euro Pratik SalesSep 2025 | 1.05x | 1.92x | 1.23x | 1.34x | ₹474 Cr | +10.2% | +12.6% |
| ETHOSMay 2022 | 1.06x | 1.48x | 0.84x | 1.04x | ₹505 Cr | -6.0% | -4.3% |
| Prudent Corporate Advisory ServicesMay 2022 | 1.26x | 0.99x | 1.29x | 1.22x | ₹539 Cr | +3.2% | +3.2% |
| Quality Power Electrical EquipmentsFeb 2025 | 1.03x | 1.45x | 1.83x | 1.29x | ₹859 Cr | +1.2% | +1.4% |
| S J S EnterprisesNov 2021 | 1.42x | 2.32x | 1.38x | 1.59x | ₹817 Cr | 0.0% | +1.7% |
| Suraksha DiagnosticDec 2024 | 1.74x | 1.41x | 0.95x | 1.27x | ₹846 Cr | -0.7% | +1.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Smart Horizon Capital Advisors | 3 | -10.5% | 33% |
Offer documents (NSE)
Frequently asked
What is the PNGS Reva Diamond Jewellery IPO price band and lot size? ₹367–386 per share, with a lot of 32 shares, so the smallest retail bid is ₹12,352.
How many times has it been subscribed? 1.23x overall: QIB 1.04x, NII 1.54x, retail 1.29x, employees 6.74x.
How did it list? It opened at ₹375, -2.9% against the issue price of ₹386, and closed its first day +6.7%.
