PNGS Reva IPO: 83% Subscribed on Day 2, Led by QIB and Retail Investors – Check GMP

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PNGS Reva IPO Subscribed 83% on Day 2, QIBs and Retail Investors Lead

PNGS Reva IPO sees robust subscription in primary market.

M

Moneycontrol•25-02-2026, 17:48

PNGS Reva IPO Subscribed 83% on Day 2, QIBs and Retail Investors Lead

•PNGS Reva Diamond Jewellery IPO subscribed 83% on Day 2 of bidding.
•Qualified institutional buyers (QIBs) subscribed 96%, retail investors 66%.
•Company raised nearly Rs 171 crore from anchor investors; IPO closes Feb 26.
•Proceeds to fund 15 new stores by FY28 and marketing for 'Reva' brand.
•PNGS Reva operates as a separate entity after P N Gadgil & Sons Ltd divested its diamond jewellery business.

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