Major global institutions participating in the anchor round include Citigroup Global Markets Mauritius and Société Générale. Other investors include Astorne Capital VCC – Arven, Aanjay Ageless AIF Fund and Holani Venture Capital Fund – 1.
From the domestic mutual fund segment, Tata India Consumer Fund and Grove Mutual Fund – Large Cap Fund participated in the anchor book. Out of the total anchor allotment, 11,91,744 equity shares were allotted to two domestic mutual funds through four schemes.
The anchor subscription comes a day before the IPO opens for public bidding.
The IPO is fully priced at Rs. There is a new issue of up to 380 crores. This offer opens on Tuesday, February 24, 2026 and closes on Thursday, February 26, 2026.
Investors can bid for a minimum of 32 equity shares and in multiples thereafter. The issue is being offered through the book-building route, with up to 75% of the net offer reserved for qualified institutional buyers, up to 15% for non-institutional investors and up to 10% for retail investors.
PNGS Reva Diamond Jewelery is a retail-focused jewelery brand engaged in the sale of diamond jewelery and jewelery studded with precious and semi-precious stones.
Also Read: Carlsberg asked to start $700 million IPO process for Indian unit
Smart Horizon Capital Advisors is the book-running lead manager for the issue, while Bigshare Services is acting as registrar. Anchor participation from global institutions and local mutual funds is expected to provide early support to the IPO as it enters the three-day subscription window.
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)
