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Grey market premium suggests a slight discount on the listing price, with shares expected to transfer to demat accounts by March 2.
PNGS Reva Diamond Jewellery sold its shares in the price band of Rs 367-386 apiece, applied for a minimum of 32 shares and its multiples to raise Rs 380 crore between February 24-26.
PNGS Reva Diamond Jewellery IPO GMP today is ₹ 9. This is the lowest GMP for the offer in 14 sessions. According to the latest GMP, PNGS Reva Diamond Jewellery IPO listing price could be ₹ 395, ...
PNGS Reva Diamond Jewellery IPO GMP today is ₹16. At the current GMP, PNGS Reva Diamond Jewellery IPO listing price could be ₹402, a premium of 4.15% over its upper end of the price range of ₹386.
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The ₹380-crore IPO received an overall subscription of 1.23 times on Day 3, with bids for 70.31 lakh shares against 57.06 lakh shares on offer, according to NSE data.
Incorporated in 2004, PNGS Reva Diamond Jewellery operates under its flagship brand "Reva," offering diamond-studded jewellery as well as designs featuring precious and semi-precious stones.