The PNGS Reva IPO is steadily gaining traction. On Day 2 of bidding, the issue was subscribed 70%, reflecting solid investor participation across categories.
What stood out today was the confidence shown by qualified institutional buyers (QIBs) and retail investors. The numbers tell the story. And in the primary market, numbers are what truly matter.
As we track the PNGS Reva IPO, here’s a clear, structured breakdown of what’s happening so far.
Market Performance: PNGS Reva IPO Subscription Status Day 2
By 1:20 pm on Wednesday, the PNGS Reva IPO received bids for:
- 39.86 lakh shares
- Against 57.06 lakh shares on offer
- Overall subscription: 70%
This means nearly three-fourths of the issue was already absorbed within two days of opening. The momentum indicates healthy engagement from market participants.
The subscription pace shows that investor interest is building steadily rather than aggressively spiking. That usually reflects measured participation.
Category-Wise Subscription Breakdown
Let’s look at how each investor segment responded to the PNGS Reva IPO:
- QIB (Qualified Institutional Buyers): 92% subscribed
- Retail Individual Investors (RII): 56% subscribed
- Non-Institutional Investors (NII): 33% subscribed
QIB Category Near Full Subscription
The QIB portion was subscribed 92% by Day 2 afternoon. Institutional flows often indicate structured participation. When this segment nears full subscription early, it reflects active institutional engagement.
Retail Participation Remains Steady
Retail investors subscribed 56% of their allocated portion. This shows consistent participation without excessive rush.
Retail response often builds closer to the closing date. At 56% by mid-Day 2, the traction is visible.
NII Segment at 33%
The non-institutional investor segment saw 33% subscription. This category generally includes high net-worth individuals and corporate investors. The participation here is moderate so far.
PNGS Reva IPO Size and Pricing Details
The PNGS Reva IPO is a Rs 380 crore public issue.
Key financial details:
- Issue Size: Rs 380 crore
- Price Band: Rs 367 to Rs 386 per share
- Issue Closing Date: February 26
- Anchor Investors: Rs 171 crore raised
The company has already secured Rs 171 crore from anchor investors, providing initial capital visibility before the public subscription closes.
Anchor participation often sets the tone ahead of main bidding days. In this case, nearly half of the issue size was raised via anchor allocation.
How the Subscription Momentum Looks So Far?
At 70% subscription on Day 2, the PNGS Reva IPO subscription status suggests growing interest, particularly from institutional participants.
A few points stand out:
- QIB demand is leading at 92%
- Retail interest has crossed the halfway mark at 56%
- Overall demand stands at 39.86 lakh bids
- Against total offer size of 57.06 lakh shares
This steady momentum can shift quickly as the closing date nears. Primary market trends often see higher participation in the final session.
Company Overview – PNGS Reva Diamond Jewellery
The IPO belongs to PNGS Reva Diamond Jewellery, entering the primary market with a structured offer.
The capital raise of Rs 380 crore is being offered within a price band of Rs 367–386 per share.
The public issue will remain open until February 26, giving investors limited time to participate in the PNGS Reva IPO.
Why the PNGS Reva IPO Is Being Closely Tracked?
The jewellery segment continues to attract investor attention in the primary market. With the PNGS Reva IPO subscription at 70% on Day 2, the focus remains on how the demand curve shapes up in the final hours.
So far, data shows:
- Institutional category nearly filled
- Retail participation steadily rising
- Total demand approaching full subscription zone
The final day numbers will determine the closing strength of the PNGS Reva IPO.
Summary: PNGS Reva IPO Day 2 Update
Here’s a quick recap of the PNGS Reva IPO subscription status:
- Overall Subscription: 70%
- QIB Subscription: 92%
- Retail Subscription: 56%
- NII Subscription: 33%
- Shares Bid: 39.86 lakh
- Shares Offered: 57.06 lakh
- IPO Size: Rs 380 crore
- Anchor Funding: Rs 171 crore
- Price Band: Rs 367–386 per share
- Closing Date: February 26
The PNGS Reva IPO is moving at a measured pace with strong institutional backing and steady retail demand.
As always, subscription data remains the most transparent indicator of primary market response. For now, Day 2 numbers suggest the issue is progressing with stable traction.
We will continue tracking the PNGS Reva IPO subscription status as it heads toward its final bidding day.
Source: Moneycontrol
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