PNGS Reva Diamond Jewellery IPO Listing Date: Here's What GMP Indicates Ahead Of Stock Market Debut On March 4

PNGS Reva Diamond Jewellery IPO Listing Date: The diamond jewellery-maker PNGS Reva Diamond Jewellery will make its stock market debut on the exchanges on March 4, 2026. Ahead of the listing date, the grey market premium (GMP) of its shares shows muted listing prospects.

The initial public offering (IPO) of PNGS Reva Diamond Jewellery was available for public bidding from February 24 to February 26, during which the issue was subscribed an overall 1.23 times, according to exchange data.

Non-institutional investors (NIIs) led the subscription, placing bids 1.54 times their allocated portion. Retail investors followed, subscribing the issue 1.29 times their quota. Qualified institutional buyers (QIBs) placed bids 1.04 times their reserved share.

Post-successful bidding, the share allotment was finalised on February 27. Successful applicants received shares in their demat accounts on March 2, and the unsuccessful ones got refund on the same day.

PNGS Reva Diamond Jewellery IPO Details

The jewellery maker raised Rs 380 crore through its IPO, which was entirely comprised of 9.84 million shares.

The PNGS Reva Diamond Jewellery IPO’s price band was fixed at Rs 367 to Rs 386 per share, and the shares were issued at the upper end of the price. The lot size was 32 shares, therefore, retail investors were required to commit a minimum of Rs 12,352 for subscribing one lot.

Smart Horizon Capital Advisors is the book running lead manager to the issue and is responsible for managing the offering, marketing it to investors and overseeing the bidding process. Bigshare Services is the registrar to the issue and will handle share allotment, refunds and other investor-related services.

PNGS Reva Diamond Jewellery IPO Objectives

PNGS Reva Diamond Jewellery will use Rs 286.56 crore from its net proceeds to set up 15 new stores. It will spend another Rs 35.40 crore on marketing and promotional activities to support these launches and enhance local visibility of its flagship brand, ‘Reva’.

The company will use the remaining funds for general corporate purposes.

PNGS Reva Diamond Jewellery IPO GMP Today, Expected Listing Price

Meanwhile, PNGS Reva Diamond Jewellery IPO's GMP was quoted at a discount of Rs 15 per share to the issue price. The GMP has retreated from its peak of Rs 21 to the current level.

Given the current GMP and the upper end of the issue price at Rs 386, PNGS Reva Diamond Jewellery shares are estimated to list at around Rs 371 per share. This implies a negative GMP percentage of about 3.88 per cent, signalling expectations of a marginal discount listing.