Tag: U.S. Securities

PNGS Reva Diamond Jewellery Limited, in consultation with Smart Horizon Capital Advisors Private Limited (formerly known as Shreni Capital Advisors Private Limited), has fixed the price band of ₹367 to ₹386 per Equity Share of face value ₹ 10 each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday, February 24, 2026, for subscription and close on Thursday, February 26, 2026. Investors can bid for a minimum of 32 Equity Shares and in multiples of 32 Equity Shares thereafter. Number of equity shares outstanding as on the date of pre-Issue and Price Band Advertisement are 21,866,400 Equity Shares of face value of ₹10 each, and the IPO is a fresh issue of up to ₹3,800 million. The proceeds from the fresh issue to the extent of ₹2,865.64 million will be for funding expenditure towards setting-up of 15 new stores, ₹354.00 million for marketing and promotional expenses related to the launch of the 15 new stores, aimed at enhancing local brand awareness and visibility of its flagship brand - Reva in their respective areas, and general corporate purposes. The Issue is being made through the book-building process, wherein not less than 75% of the Net Issue is available for allotment or allocation to qualified institutional buyers, and not more than 15% and 10% of the Net Issue is available for allotment or allocation to non-institutional investors and retail individual investors, respectively. The company’s revenue from operations was ₹1,567.18 million during the six months ended 30 September 2025 and its net profit was ₹201.33 million. The company’s revenue from operations was ₹2,581.83 million during FY25 vis-à-vis ₹1,988.48 million during FY23. Its net profit was ₹594.74 million during FY25 vis-à-vis ₹517.47 million during FY23. Smart Horizon Capital Advisors is the book running lead manager; and Bigshare Services Private Limited is the registrar to the Issue. PNGS REVA DIAMOND JEWELLERY LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a Red Herring Prospectus (“RHP”) dated February 10, 2026, with the Registrar of Companies, Maharashtra at Pune (“RoC”). The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Smart Horizon Capital Advisors Private Limited (formerly known as Shreni Capital Advisors Private Limited) at www.shcapl.com, the website of the National Stock Exchange of India Limited (“NSE”) at www.nseindia.com and the website of the BSE Limited (“BSE”) at www.bseindia.com and the website of the Company at www.revabypng.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 39 of the RHP. Potential investors should not rely on the Draft Red Herring Prospectus (“DRHP”) for making any investment decision and must rely on RHP filed by the Company with the RoC, SEBI and Stock Exchanges and their own examination of our Company and the Issue. The Equity Shares offered in the issue have not been and will not be registered under the U.S. Securities Act or any other applicable law of the United States, and unless so registered, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside of the United States in 'offshore transactions' as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where such offers and sales are made. Disclaimer from Securities and Exchange Board of India (“SEBI”): It is to be distinctly understood that submission of the DRHP to SEBI should not, in any way, be deemed or construed that the same has been cleared or approved by SEBI. The investors are advised to refer to the page 367 of the RHP for the full text of the disclaimer clause of SEBI. Disclaimer from BSE (the Designated Stock Exchange): The BSE does not in any manner warrant, certify or endorse the correctness or completeness of any of the contents of the offer document; or warrant that the Company's securities will be listed or will continue to be listed on the Exchange; and take any responsibility for the financial or other soundness of this Company, its promoters, its management or any scheme or project of the Company and it should not in any way be deemed or construed that the Offer Document has been cleared or approved by the Exchange. The investors are advised to refer to the page 369 of the RHP for the full text of the disclaimer clause of BSE. Disclaimer from NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of the offer document. The investors are advised to refer to page 370 of the RHP for the full text of the disclaimer clause of NSE.

Tag: U.S. Securities

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