PNGS Reva Diamond Jewellery IPO Fully Subscribed on Day 3: GMP, Subscription Details & How to Check Allotment Online

Mumbai | February 27

The PNGS Reva Diamond Jewellery IPO closed fully subscribed on Day 3 of bidding, with steady participation across investor categories. The ₹380 crore public issue received bids for 70,31,776 shares against 57,06,235 shares on offer, translating into an overall subscription of 1.23 times.

Following the closure of bidding, the basis of allotment is expected to be finalised today. Refunds for unsuccessful applicants will be initiated on March 2, while shares will be credited to successful bidders’ demat accounts on the same day.

Shares of PNGS Reva Diamond Jewellery Ltd are scheduled to debut on the NSE and BSE on March 4, 2026.

PNGS Reva Diamond Jewellery IPO Subscription Status

The IPO was subscribed 1.23 times overall as per exchange data.

• Qualified Institutional Buyers (QIBs): 1.04 times
• Non-Institutional Investors (NIIs): 1.54 times
• Retail Individual Investors (RIIs): 1.29 times
• Employees: 6.74 times

PNGS Reva Diamond Jewellery IPO GMP Today

According to market sources, the IPO is currently trading around ₹385 in the grey market, indicating a marginal discount of Re 1 compared to the upper price band of ₹386.

Note: GMP does not represent official data and is based on market trends only.

How to Check PNGS Reva Diamond Jewellery IPO Allotment Status Online

Investors can check the allotment status on NSE, BSE and registrar Bigshare Services using PAN, application number or beneficiary ID.

Check Allotment Status on NSE

Step 1: Visit NSE’s IPO allotment page:
https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 2: Select ‘Equity & SME IPO Bid Details’

Step 3: Choose ‘PNGSREVA’ from the symbol list

Step 4: Enter PAN and Application Number

Step 5: Click ‘Submit’ to view status

Check Allotment Status on BSE

Step 1: Visit
https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select ‘Equity’ as Issue Type

Step 3: Choose ‘PNGS Reva Diamond Jewellery Ltd’

Step 4: Enter Application Number or PAN

Step 5: Click ‘Search’

Check Allotment Status on Bigshare Services

Step 1: Visit the registrar’s portal:
www.bigshareonline.com/ipo_Allotment.html

Step 2: Click on any available server

Step 3: Select ‘PNGS Reva Diamond Jewellery Ltd’

Step 4: Choose search type — PAN, Application Number or Beneficiary ID

Step 5: Enter the required details and click ‘Search’

PNGS Reva Diamond Jewellery IPO Key Details

The ₹380 crore IPO consists entirely of a fresh issue of equity shares, with no offer-for-sale component. The price band for the issue was fixed at ₹367 to ₹386 per share, and the lot size for retail investors was set at 32 shares.

Use of Fresh Issue Proceeds

The company plans to utilise the proceeds primarily to expand its retail footprint. Around ₹286.5 crore will be used to set up 15 new brand-exclusive showrooms in Tier-1 and Tier-2 cities. ₹35.4 crore will be allocated toward marketing and promotional activities to strengthen the “Reva” brand. The remaining amount will be used for general corporate purposes.

About the Company

PNGS Reva Diamond Jewellery is a diamond-focused retail jewellery brand operating under the “Reva” name. It primarily sells diamond and gemstone-studded jewellery crafted in gold and platinum.

The company operates 34 stores, largely through a shop-in-shop model within P.N. Gadgil & Sons outlets. Its product portfolio includes rings, earrings, pendants, bracelets, bangles, necklaces and bridal jewellery, with offerings starting from ₹20,000.

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