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Issue Open Date
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24-Feb-26
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Issue Closing Date
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26-Feb-26
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Application Money
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100
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Allotment Money
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Price Band
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-
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Minimium Application No.
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Issue Size (Shares)
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Market Lot
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1
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Objective
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1. Funding expenditure towards setting-up of 15 new brand-exclusive stores across India with a focus oftargeting in Tier-1 cities and selectively exploring Tier-2 cities in Maharashtra and other metro cities in India (“New Stores”)2. Marketing and promotional expenses related to the launch of the 15 New Stores, aimed at enhancing local brand awareness and visibility of our flagship brand, “Reva”, in their respective areas3. General corporate purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
We are a retail focused jewellery brand involved in the business of sale of a wide range of jewellery made usingdiamond and precious and semi-precious stones which are studded into precious metals such as gold and platinum.We also retail plain platinum jewellery including rings, bracelets and chains. Our products are sold under our flagshipbrand, “Reva”. The Reva brand aims to blend traditional elegance with modern aesthetics, offering customizablediamond jewellery that appeals to a broad customer base (Source: CARE Report).Our Corporate Promoter, P.N. Gadgil & Sons Limited was originally involved in the business of gold jewellery, silverjewellery, idols and other silverware, diamonds and diamond jewellery and other gemstones jewellery and related giftitems. Pursuant to a business transfer agreement dated January 31, 2025, our Corporate Promoter, P.N. Gadgil & SonsLimited undertook a strategic move with a disinvestment via a slump sale of their diamond business in favour of ourCompany (“Business Transfer Agreement”). This restructuring led to the establishment of our Company as anindependent business entity, allowing us to carve out our distinct identity in the market while continuing to operate inthe diamond jewellery industry. Pursuant to the Business Transfer Agreement, our Company stands as a separate playerin the diamond jewellery segment, committed to offering high-quality jewellery pieces made using diamond andprecious and semi-precious stones which are studded in precious metals such as gold and platinum. Our flagship brand“Reva” continues to uphold the legacy of more than 190 years of our Corporate Promoter, P.N Gadgil & Sons Limited(Source: CARE Report). For further details on the Business Transfer Agreement, see “History and Certain CorporateMatters” on page 290.With the diamond jewellery sector in India seeing a robust growth in recent years, particularly among consumerslooking for luxury and exclusivity, diamonds are a popular choice for special occasions, particularly weddings, andare often seen as a symbol of sophistication. This segment is supported by a strong retail presence and branding effortsfrom both domestic and international jewellers. Innovations in diamond cutting and bespoke design options havefurther driven interest, making diamond jewellery a staple in modern Indian collections.
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Promoter's Holding
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Total Share Capital
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19121400
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Offered to Public
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Promoter's Holding (Pre-Issue)
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87.45
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Promoter's Holding (Post-Issue)
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Address |
Abhiruchi Mall
59/1 C
Sinhgad Road
Wadgaon
Budruk
Pune,
Maharashtra,
411041
Phone : 020-29980704
Email : investor@revabypng.com
Website : www.revabypng.com
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Registrar |
Bigshare Services Pvt Ltd
G 10 Left Wing Amruta Village
Opp: Yashoda Hospital
Raj Bhavan Road
Somajiguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
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Smart Horizon Capital Advisors Pvt Ltd.
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Promoters |
Govind Vishwanath Gadgil
P.N. Gadgil & Sons Ltd.
Renu Govind Gadgil
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