National News
PNGS Reva Diamond Jewellery Files IPO Draft with Sebi to Raise ₹450 Crore; Plans 15 New Stores by FY28
PNGS Reva Diamond Jewellery, a Pune-based diamond jewellery brand, has submitted preliminary documents to the Securities and Exchange Board of India (Sebi) to raise ₹450 crore through an initial public offering (IPO). The IPO will consist entirely of a fresh issue of equity shares, according to the draft red herring prospectus (DRHP) filed on Tuesday.
The company plans to utilize a significant portion of the IPO proceeds, amounting to ₹286.56 crore, for the establishment of 15 new stores by the end of the financial year 2028. Additionally, ₹35.40 crore will be allocated for marketing and promotional activities related to the launch of these new stores. These initiatives aim to enhance the visibility and market presence of the company’s flagship brand, “Reva.” A portion of the funds will also be used for general corporate purposes.
PNGS Reva Diamond Jewellery was formed after its promoter, P N Gadgil & Sons Ltd, divested its diamond jewellery business through a slump sale. This strategic move led to the creation of PNGS Reva as a separate entity with its own identity, enabling it to operate independently while continuing to serve the diamond jewellery segment.
The company is a retail-focused jewellery brand engaged in the sale of a wide variety of jewellery products. As of March 31, 2025, PNGS Reva Diamond Jewellery operated 33 stores spread across 25 cities in Maharashtra, Gujarat, and Karnataka.
On the financial front, the company has demonstrated strong growth. Revenue from operations increased by 32 per cent to ₹258.18 crore in the financial year 2025, up from ₹195.63 crore in the previous fiscal. Net profit also registered a robust growth of 40 per cent, rising to ₹59.47 crore in FY25 from ₹42.41 crore in FY24.
Smart Horizon Capital Advisors has been appointed as the sole book-running lead manager for the issue. The company’s equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
National News
This Women’s Day, Dhirsons Jewellers Celebrates the Milestones in a Woman’s Journey
This Women’s Day, Dhirsons Jewellers Celebrates the Milestones in a Woman’s Journey.
While jewellery is often associated with weddings and festivals, Dhirsons Jewellers, Dhiraj Dhir Group believes the most meaningful pieces are the ones that mark a woman’s personal milestones. This Women’s Day, the brand celebrates these moments with the theme “Honouring Milestones, Not Occasions.”
Moving beyond traditional celebrations, the brand highlights moments that truly define a woman’s journey. These personal achievements often go uncelebrated, yet they mark some of the most meaningful chapters in her life.
The campaign also introduces the idea of “a colour for every milestone.” Gold symbolises the woman who built her own foundation, reflecting strength and independence, while white represents the woman who chose to heal and begin again. Through this thought, Dhirsons Jewellers encourages women to recognise their journeys and celebrate the paths they have created for themselves.
Riva Dhir, Creative Director, Dhirsons Jewellers, Dhiraj Dhir Group, Lajpat Nagar said, “People often ask me what we create at Dhirsons, and my answer is simple, we don’t make jewellery for occasions, we create it for the milestones in a woman’s journey.
Over the years, I have seen women walk into our store at defining moments in their lives, celebrating a success, marking a hard-earned achievement, or simply choosing themselves for the first time. That is when I realised that jewellery is never just about gold or diamonds. It becomes a reminder of strength, growth, and a promise she once made to herself. That is why every piece we create is designed to outlive trends, because when a woman wears something truly meaningful, it becomes a part of her story.”
At its heart, the campaign celebrates the moments of courage, growth, and self-belief that shape a woman’s journey and recognises that these milestones deserve to be honoured and remembered when they happen.
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