PNGS Reva Diamond Jewellery is set to enter the capital market this week with its maiden public issue, launching on Tuesday, February 24, 2026. The Pune-based diamond retailer aims to raise 380 crore INR through a fresh issue of equity shares. This move signals a major expansion phase for the brand, which operates under the flagship label "Reva." The company has earmarked 286.56 crore INR of the IPO proceeds specifically for the establishment of 15 new retail stores. These upcoming outlets will follow a company-owned and company-operated (COCO) model. Geographically, the expansion is focused on strengthening its existing stronghold, with approximately 60% of the new stores planned for Maharashtra. Currently, the jeweler maintains a network of 34 stores across 25 cities in Maharashtra, Gujarat, and Karnataka. In addition to store construction, the company has allocated 35.4 crore INR for marketing and promotional activities to support these new launches. The remaining funds are designated for general corporate purposes. This strategic investment comes as the Indian jewelry market continues its shift toward organized retail. The sector is currently valued at approximately 69.79 billion USD, with expectations to reach nearly 92 billion USD by 2032, maintaining a steady growth rate of 4% to 6% annually. The IPO price band is fixed between 367 INR and 386 INR per share. At the upper price limit, the company's market capitalization is estimated at roughly 1,224 crore INR. Financial performance leading into the issue shows a positive trajectory; revenue from operations grew to 258 crore INR in the 2024-25 fiscal year, up from 195.6 crore INR the year prior. Net profit also saw a significant jump, rising to 59.4 crore INR from 42.4 crore INR in the same period. The subscription window remains open until February 26, 2026. Allotment is expected to be finalized by February 27, with shares tentatively scheduled to list on the NSE and BSE on March 4, 2026. Promoters currently hold an 87.45% stake in the company, which is expected to dilute to approximately 60.31% following the public offering. The broader market context reveals a growing consumer preference for branded, certified jewelry and lightweight designs. While gold remains a cultural staple, diamond jewelry is gaining traction among urban consumers with rising disposable incomes. The organized segment is increasingly dominating as buyers seek transparency and quality assurance, a trend PNGS Reva Diamond Jewellery aims to capture through its expanded physical footprint. [PNGS Reva IPO analysis](https://www.google.com/search?q=https://www.youtube.com/watch%3Fv%3DTwz0TCAQUsE) This video provides a breakdown of the company's financials and expansion strategy to help you understand the upcoming public offer.