NSDL IPO vs PNGS Reva Diamond Jewellery IPO

Comparison between NSDL IPO and PNGS Reva Diamond Jewellery IPO.

IPO Details

NSDL IPO is a Mainboard Bookbuilding IPO proposed to list at BSE while PNGS Reva Diamond Jewellery IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of NSDL IPO is up to ₹4,010.95 Cr whereas the issue size of the PNGS Reva Diamond Jewellery IPO is up to ₹379.52 Cr. The final issue price of NSDL IPO is ₹800.00 per share and of PNGS Reva Diamond Jewellery IPO is ₹386.00 per share.

 NSDL IPOPNGS Reva Diamond Jewellery IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹760.00 per share₹367.00 per share
Issue Price (Upper)₹800.00 per share₹386.00 per share
Issue Price (Final)₹800.00 per share₹386.00 per share
Discount (Retail)
Discount (Employee)₹76.00 per share
Market Lot Size18 shares32 shares
Fresh Issue Size0 shares98,32,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹379.52 Cr
OFS Issue Size5,01,45,001 shares0 shares
OFS Issue Size (Amount)up to ₹4,010.95 Crup to ₹0.00 Cr
Issue Size Total5,01,45,001 shares98,32,000 shares
Issue Size Total (Amount)up to ₹4,010.95 Crup to ₹379.52 Cr

IPO Timetable

NSDL IPO opens on Jul 30, 2025, while PNGS Reva Diamond Jewellery IPO opens on Feb 24, 2026. The closing date of NSDL IPO and PNGS Reva Diamond Jewellery IPO is Aug 01, 2025, and Feb 26, 2026, respectively.

 NSDL IPOPNGS Reva Diamond Jewellery IPO
Anchor Bid DateJul 29, 2025Feb 23, 2026
Issue OpenJul 30, 2025Feb 24, 2026
Issue CloseAug 01, 2025Feb 26, 2026
Basis Of Allotment (Tentative)Aug 04, 2025Feb 27, 2026
Initiation of Refunds (Tentative)Aug 05, 2025Mar 02, 2026
Credit of Share (Tentative)Aug 05, 2025Mar 02, 2026
Listing date (Tentative)Aug 06, 2025Mar 04, 2026
Anchor Lockin End date 1Sep 02, 2025Mar 28, 2026
Anchor Lockin End date 2Nov 01, 2025May 27, 2026

Financials & KPIs

NSDL IPO P/E ratio is 46.63, as compared to PNGS Reva Diamond Jewellery IPO P/E ratio of 10.96.

 NSDL IPOPNGS Reva Diamond Jewellery IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets2,984.842,257.742,093.48
Total Income1,535.191,365.711,099.81
Profit After Tax343.12275.45234.81
EBITDA492.94381.13328.60
NET Worth2,005.341,684.101,428.86
Reserves and Surplus232.31216.32199.08
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets352.70226.84158.33123.93
Total Income157.12259.11196.24199.35
Profit After Tax20.1359.4742.4151.75
EBITDA30.7979.6156.1468.73
NET Worth120.31100.19-28.50-52.02
Reserves and Surplus98.4495.33-37.64-60.74
Total Borrowing130.2590.65
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.45
Promoter Shareholding (Post-Issue)60.31
P/E Ratio46.6310.96
Market Cap₹16000.00 Cr.₹1224.04 Cr.
ROE17.11165.9
ROCE22.779.8
Debt/Equity0.90
EPS₹17.16₹35.21
RoNW17.1159.36

Shares Offered

In the NSDL IPO Retail Individual Investors (RII) are offered 1,75,21,001 shares while in PNGS Reva Diamond Jewellery IPO retail investors are offered 1,75,21,001 shares. Qualified Institutional Buyers (QIB) are offered 1,00,12,000 shares in NSDL IPO and 29,69,600 shares in PNGS Reva Diamond Jewellery IPO.

 NSDL IPOPNGS Reva Diamond Jewellery IPO
Anchor Investor Reservation1,50,17,999 shares44,19,200 shares
Market Maker Reservation0 shares0 shares
QIB1,00,12,000 shares29,69,600 shares
NII75,09,001 shares14,56,000 shares
RII1,75,21,001 shares9,77,216 shares
Employee85,000 shares9,984 shares
Others
Total5,01,45,001 shares98,32,000 shares

Bids Received (Subscription)

NSDL IPO subscribed 28.73x in total, whereas PNGS Reva Diamond Jewellery IPO subscribed 0.72x.

 NSDL IPOPNGS Reva Diamond Jewellery IPO
QIB (times)103.97x1.09x
NII (times)34.98x1.64x
Big NII (times)37.73x1.73x
Small NII (times)29.47x1.46x
RII (times)7.76x1.37x
Employee (times)15.39x7.10x
Other (times)
Total (times)28.73x0.72x

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