New Delhi, Feb. 13 -- The primary market action is showing signs of revival as another mainboard initial public offering (IPO) is gearing up to hit Dalal Street following the closure of Aye Finance and Fractal Analytics IPOs this week.

PNGS Reva Diamond IPO, worth Rs.380 crore, is entirely a fresh share sale of 0.98 crore shares priced at Rs.367 to Rs.386 apiece. The offer will open for bidding on Tuesday, February 24 and close on Thursday, February 26.

Since the offer is entirely a fresh issue, the company plans to use it for setting up new stores, promotional expenses and general corporate purposes.

Investors can apply for a jewellery retailer's IPO in multiples of 32 shares, requiring a minimum investment of Rs.12,352 at the upper e...