PNGS Reva Diamond Jewellery Limited IPO

Established in 2004 (originally as Gadgil Metals and Commodities), PNGS Reva Diamond Jewellery Limited is a specialized retail brand operating under the flagship name "Reva." The company focuses on the "affordable luxury" segment, designing and selling diamond-studded jewellery crafted in gold and platinum. Their product line-which includes rings, pendants, solitaires, and necklaces, is strategically priced starting at approximately Rs.10,000 to Rs.20,000 to appeal to millennial and first-time diamond buyers.

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The company leverages an asset-light business model through a strong partnership with its corporate promoter, P.N. Gadgil & Sons Limited. As of late 2025, it operates 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka, primarily using a "shop-in-shop" format within existing promoter outlets. To fuel further growth, the company has launched a Rs.380 crore IPO in February 2026, with the majority of the proceeds dedicated to establishing 15 new brand-exclusive stores and expanding its marketing footprint across India.

How do I apply for the PNGS Reva Diamond Jewellery IPO?

You can apply for the PNGS Reva Diamond Jewellery IPO using any supported UPI app by following two steps:

• Enter your bid on Navia App
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.