PNGS Reva Diamond Jewellery IPO Opens: Should You Invest in the ₹380 Crore Offering?
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PNGS Reva Diamond Jewellery IPO Opens: Should You Subscribe to the ₹380 Crore Issue?
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CNBC TV18•24-02-2026, 06:46
PNGS Reva Diamond Jewellery IPO Opens: Should You Subscribe to the ₹380 Crore Issue?
•PNGS Reva Diamond Jewellery's ₹380 crore IPO opens February 24-26, with anchor investors already raising ₹170.58 crore.
•The IPO price band is ₹367-₹386 per share; shares command a 3.11% premium in the grey market.
•SBI Securities gives a 'Neutral' rating, citing high PAT margins (23% in FY25) due to diamond focus but warns of risks from the 'Shop-in-Shop' model.
•Choice Broking and Arihant Capital recommend 'Subscribe for long term', highlighting the company's position in organized diamond jewellery and growth potential.
•Proceeds will fund 15 new stores, marketing for the "Reva" brand, and general corporate needs; revenue grew 32% to ₹258.18 crore in FY25.
