Mumbai, Feb. 24 -- PNGS Reva Diamond Jewellery received bids for 33,83,488 shares as against 57,06,235 shares on offer, , according to stock exchange data at 17:00 IST on Tuesday (24 February 2026). The issue was subscribed 0.56 times.

The issue opened for bidding on 24 February 2026 and it will close on 26 February 2026. The price band of the IPO is fixed between Rs 367 and 386 per share.

The IPO comprises a fresh issue of equity shares worth up to Rs 380 crore.

The objectives for the fresh issue include Rs 286.56 for funding expenditure towards setting-up of 15 new stores, Rs 35.4 crore for marketing and promotional expenses, and remaining amount for general corporate purposes.

Ahead of the IPO, PNGS Reva Diamond Jewellery on 23 Feb...