PNGS Reva Diamond Jewellery Limited Announces IPO
PNGS Reva Diamond Jewellery Limited has announced its plans to launch an Initial Public Offering (IPO). This IPO is a Fresh Issue of equity shares aggregating up to 450 crore. Here s a detailed overview of the company and its IPO.
Company Overview
PNGS Reva Diamond Jewellery Ltd. is a retail-focused jewellery brand specializing in diamond and precious/semi-precious stone jewellery set in gold and platinum. Operating under the flagship brand “Reva,” they blend traditional elegance with modern aesthetics, offering customizable diamond jewellery appealing to a broad customer base.
Their retail network consists of shops-in-shop within P.N. Gadgil & Sons Limited stores, leveraging existing infrastructure and customer traffic. As of March 31, 2025, they had 33 stores across 25 cities. Reva aims for expansion with 15 brand-exclusive stores planned by Fiscal 2028.
Key Achievements
PNGS Reva Diamond Jewellery has demonstrated strong financial performance, reflected in their key metrics:
- Return on Assets (ROA): 26.3%
- Return on Equity (ROE): 59.4%
- Return on Capital Employed (ROCE): 80.5%
Financial Overview (FY25)
Here s a snapshot of the company s financials for the year ended March 31, 2025:
| Particulars | Amount ( in Crores) |
|---|---|
| Total Assets | 226.83 |
| Revenue | 259.11 |
| Profit After Tax | 59.47 |
| Net Worth | 100.19 |
| Total Borrowing | 90.65 |
Offer for Sale and IPO Structure
The IPO comprises a fresh issue of equity shares aggregating up to 450 crore. The funds raised will be used for establishing 15 new brand-exclusive stores across India, focusing on Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities.
The allocation of shares for different investor categories is as follows:
- Retail Investors: 10%
- Qualified Institutional Buyers (QIB): 75%
- Non-Institutional Investors (NII): 15%
The shares are proposed to be listed on both the BSE and NSE.
Lead Managers and Registrar
The lead manager for the PNGS Reva Diamond Jewellery IPO is Smart Horizon Capital Advisors Private Limited.
Bigshare Services Private Limited is the registrar for the IPO.
Conclusion
The PNGS Reva Diamond Jewellery IPO presents an opportunity to invest in a growing retail-focused jewellery brand. Stay tuned for updates on the IPO dates and other important details. Keep an eye on this space for more information as it becomes available.