PNGS Reva Diamond Jewellery Limited

PNGS Reva Diamond Jewellery Limited, incorporated in 2004, is a retail focused jewellery company that sells a wide range of diamond and precious and semi-precious stone jewellery studded in gold and platinum, along with plain platinum pieces such as rings, bracelets and chains. Its products span rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutras, nosepins and chains, aimed at a broad set of customers and price points, and are sold under the flagship brand name "Reva". PNGS is short for P.N. Gadgil and Sons, and the company draws on that promoter group's long standing presence in the jewellery trade. The business runs on a design led approach, offering thirteen distinct jewellery collections as of September 30, 2025 that are developed both by its own in house design team and by third party design partners. As on the date of the offer document the company operated 34 stores spread across 25 cities in the states of Maharashtra, Gujarat and Karnataka, together covering about 647 running feet of retail frontage, with Maharashtra forming the core of its footprint. The company positions itself as a focused diamond jewellery retailer that leans on the wider P.N. Gadgil and Sons ecosystem for brand familiarity and store infrastructure while building out its own Reva branded network. Its growth plan centres on opening additional stores and investing in marketing to widen brand reach, funded largely by the fresh capital raised in this offer.

The company raised about Rs 170.58 crore ahead of the issue by allotting 44,19,200 equity shares to a group of 16 anchor investors at Rs 386 per share, with the anchor allocation finalised on February 23, 2026. The Tata India Consumer Fund took the largest slice at around Rs 40 crore, and other participants included Citigroup Global Markets Mauritius, Societe Generale, Groww Mutual Fund and SageOne Investments.