IPO Watch: PNGS Reva Diamond Jewelry Files Draft Papers for ₹ 450 Crore iPo

IPO Watch: Pune-Based Jeweller PNGS Reva Diamond Jewellery Has Submitted Its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to secure 450 Crore Through an Initial Public Offering (IPO).

PNGS Reva Diamond Jewelery is a Retail-Focused Jewelery Brand Engaged In Selling A Diverse Array of Jewelery of Jewelry Crafted from Diamonds and Precious and Precious and Precious and Semi-Pracious Stones Gold and Platinum.

The company was established following a strategic disinvestment by its corporate promoter, pn gadgil & sons limited, who completes a slump sale of his Diamond Division.

This business transfer agreement allowed pngs Reva Diamond Jewelery to Create a separate identity in the market while continuing its activities in the Diamond Jewelry Sector. Its products are marketed under the flagship brand “Reva,” which highlights craftsmanship and customer focus to meet the preferences of modern consumers, offering a collection of daily wear, Occasion-focused, and naturally Diamond-STUDDED Jewelry.

As of March 31, 2025, The Company operated 33 stores in 25 cities Across Maharashtra, Gujarat, and Karnataka, Totaling an area of ​​599.15 running feet. These stores are categorized into two types: franchise owned and company operated (foco), and franchise owned and franchise operated (FOFO).

PNGS Reva Diamond Jewelry’s Operational Revenue Surged by 31.97% to 258.18 Crore in Fiscal 2025, up from 195.63 Crore in Fiscal 2024, Mainly Due to Increased Sales of Diamond-STUDDED Jewelry, Including Precious Stones, Within the DOMESTIC MARKET. The company’s profit for the year green by 40.22%, Rising from 42.41 Crore in Fiscal 2024 to 59.47 Crore in Fiscal 2025.

IPO Details

The funds raised from the new issue, Amouning to 286.56 Crore, will be allocated for establishing 15 new stores by the end of Fiscal 2028.

An additional 35.40 Crore will be designated for marketing and promotional activities linked to the launch of these 15 new stores, with the goal of increasing locomal brand records and visibility for his flagip brand, ” Thos areas.

The Sole Book-Running Lead Manager for this issue is Smart Horizon Capital Advisors Private Limited, What bigshare services private limited services as the registration.

Disclaimer: The views and recommendations made about individual analysts or broking companies, and not of Mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.