PNGS Reva Diamond Jewellery Limited - IPO

PNGS Reva Diamond Jewellery Limited IPO Details

Initial public offering of up to 9844560 equity shares of face value of Rs.10 each (Equity Shares) of PNGS Reva Diamond Jewellery Limited (The Company or the Issuer) for cash at a price of Rs. 386 per equity share including a premium of Rs. 376 per equity share (the Issue Price) aggregating up to Rs.380.00 Crores (the Issue).The issue includes a reservation of up to 10000 equity shares of face value Rs. 10 each, aggregating up to Rs. 0.386 Crores ( Constituting up to [*]% of the post-issue paid-up equity share capital, for subscription by eligible employees (Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The issue and the net issue shall constitute [*]% and [*]%, respectively, of the post- issue paid-up equity share capital of the company.Price Band: Rs. 386 per equity share of face value of Rs. 10/- each.The floor price is 38.60 times of the face value of the equity shares. Bids can be made for a minimum of 32 equity shares of face value of Rs. 10/- each and in multiples of 32 equity shares of face value of Rs. 10/- each thereafter.

Objective of issue

Funding expenditure towards setting-up of 15 New Stores. 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 areas. General corporate purposes (1).

PNGS Reva Diamond Jewellery Limited Contact Details

PNGS Reva Diamond Jewellery Limited, Office No S6-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@revabypng.com

Website - www.revabypng.com