PNGS Reva Diamond Jewellery IPO Subscribed 1.30 Times on Day 3

PNGS Reva Diamond Jewellery Limited's initial public offering (IPO) closed its three-day subscription window on a moderate note, reaching 1.30 times overall subscription by 5:04 PM on Day 3 (February 26, 2026). The ₹380 crore book-build issue, priced at ₹367–₹386 per share, received bids for 70,43,200 shares against 54,25,359 shares on offer, with total applications reaching 33,969.

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Subscription Status of PNGS Reva Diamond Jewellery

Here are the subscription details for PNGS Reva Diamond Jewellery IPO as of Day 3 (February 26, 2026, 5:09:36 PM):

Key Highlights – Day 3

• Overall subscription reached a moderate 1.30 times, showing substantial improvement from Day 2's 0.88 times.
• Employee category led all segments with exceptional participation at 7.08 times, surging from Day 2's 5.02 times, indicating strong internal confidence in the company's prospects.
• Non-institutional investors showed strong interest at 1.62 times, surging from Day 2's 0.69 times, with bNII at 1.71 times and sNII at 1.44 times, indicating improved HNI demand on the final day.
• Retail investors showed improving confidence at 1.36 times, building from Day 2's 0.72 times, indicating healthy retail demand for this jewellery sector IPO.
• Qualified institutional buyers (ex-anchor) recorded 1.10 times, improving from Day 2's 1.01 times.
• Total applications reached 33,969 on Day 3.
• Anchor investors fully subscribed their allocation of ₹170.58 crores on February 23, 2026.

Key Highlights – Day 2

• Overall subscription reached 0.88 times, showing improvement from Day 1's 0.63 times.
• Employee category continued to lead at 5.02 times, building from Day 1's 4.04 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.01 times, improving from Day 1's 0.96 times.
• Retail investors showed improving participation at 0.72 times, building from Day 1's 0.42 times.
• Non-institutional investors recorded 0.69 times, improving from Day 1's 0.07 times, with bNII at 0.86 times and sNII at 0.33 times.

Key Highlights – Day 1

• Overall subscription reached 0.63 times, reflecting cautious initial investor interest in this jewellery sector IPO.
• Employee category led all segments with strong participation at 4.04 times, indicating high internal confidence in the company's growth prospects.
• Qualified institutional buyers (ex-anchor) showed near-full subscription at 0.96 times, reflecting measured but meaningful institutional interest.
• Retail investors subscribed 0.42 times, indicating subdued retail appetite on the opening day.
• Non-institutional investors recorded weak participation at 0.07 times, with bNII at 0.06 times and sNII at 0.10 times.

About PNGS Reva Diamond Jewellery Limited

Incorporated in 2004, PNGS Reva Diamond Jewellery Limited is engaged in the jewellery business, offering a diverse range of products made using diamonds and precious and semi-precious stones studded into gold and platinum. All products are sold under the brand name "Reva" and span categories including rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains. As of September 30, 2025, the company operates 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, with 13 distinct jewellery collections and an in-house design team. Stores operate under FOCO, FOFO, and COCO models.