PNGS Reva Diamond IPO GMP ₹4 Today (15 Oct), Price Band, Subscription Status, Allotment Date

PNGS Reva Diamond IPO Review & Analysis

Our reading of the numbers below — growth rates, margins, pricing and demand are calculated from the company's own filed figures, not copied from anywhere.

PNGS Reva Diamond is a mainboard issue raising ₹380 Cr, offered in a band of ₹367–₹386 per share. At the upper end that is 38.6 times the ₹10 face value, so ₹376 of every share subscribed is share premium rather than capital.

A retail application for PNGS Reva Diamond needs one lot of 32 shares, which works out to ₹12,352 at the upper band of ₹386. That sits comfortably below the ₹15,000 retail lot ceiling, which keeps the entry cost modest for small investors. Retail applications are capped at ₹2,00,000, which here is 16 lots; bidding above that moves the application into the non-institutional category, and the large-HNI bucket begins at ₹10,00,000, or about 81 lots.

For PNGS Reva Diamond, bidding runs 24-26 February, allotment is finalised on 27 Feb 2026, the shares list on 3 March 2026. Applications that do not receive an allotment have their UPI mandate released around 1 day after the issue closes. Counting from the close of bidding, money stays blocked for roughly 5 days before listing decides what the holding is worth.

The issue is reserved 75% to qualified institutional buyers, 15% to non-institutional investors, 10% to retail. At 10%, the retail portion is on the narrower side, so retail allotment turns into a lottery quickly once the book fills. An oversubscribed retail portion is not allotted in proportion to the amount applied for: applications are reduced to single lots and drawn by lot, so several small applications from different PANs are more effective than one large one.

Subscription stands at 0.87x, which is below full. An issue must be subscribed at least once over to proceed at all; if it closes under that, the offer is withdrawn and all application money is refunded.

Bigshare Services Pvt. Ltd is the registrar for this issue, which means the allotment status for PNGS Reva Diamond is published on their portal from 27 Feb 2026. A PAN, application number or demat client ID is enough to look it up; the credited shares also appear in the demat account itself a day or so before listing.

A grey market premium of ₹4 on the upper band of ₹386 implies a listing gain of roughly 1%. The grey market is unofficial and unregulated, the premium can change daily, and it has no bearing on allotment — treat it as a sentiment reading, not a forecast.

The figures above are worked out from the issue's own filed numbers and are for information only. They are not investment advice — read the RHP before you apply.