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PNGS Reva Diamond IPO allotment today; check status, GMP, listing date

PNGS Reva Diamond IPO allotment today; check status, GMP, listing date

by | Feb 27, 2026 | Share Market


PNGS Reva Diamond Jewellery IPO allotment

2 min read Last Updated : Feb 27 2026 | 9:15 AM IST

 


As per NSE data, bids were received for 7.03 million shares against 5.7 million on offer. The Qualified Institutional Buyers (QIBs) segment was subscribed 1.04 times, while Non-Institutional Investors (NIIs) booked 1.54 times of their quota and retail investors just 1.29 times.

 


With the issue now closed, investors are awaiting the allotment status, expected later today. Once finalised, applicants can check details on the NSE, BSE and registrar Bigshare Services’ website.

 


Steps to check PNGS Reva Diamond IPO allotment status on BSE:


  • Go to the official BSE website – bseindia.com/investors/appli_check.aspx


  • In the Issue Type dropdown, select Equity


  • Choose ‘PNGS Reva Diamond’ from the list of IPOs


  • Enter your Application Number or PAN (Permanent Account Number)


  • Complete the captcha verification displayed on the page


  • Click ‘Search’ to view your IPO allotment status


Steps to check PNGS Reva Diamond Jewellery IPO allotment on Bigshare Services:


  • Go to the IPO allotment section on the Bigshare Services website – bigshareonline.com/ipo_allotment.html


  • Choose the company name from the drop-down list.


  • Enter any one detail – PAN, Application Number, DP/Client ID, or Account Number/IFSC.


  • Submit the information to view your allotment status.

READ | Gaudium IVF IPO Allotment finalised; GMP signals discounted D-Street debut 


PNGS Reva Diamond Jewellery IPO GMP


According to the sources tracking unofficial markets, the unlisted shares of PNGS Reva were trading almost flat at ₹385 per share in the grey market, a discount of ₹1 compared to the upper end of the price band of ₹367 to ₹386.


PNGS Reva Diamond Jewellery IPO listing date


PNGS Reva opened for public subscription on Tuesday, February 24, and closed on Thursday, February 26, 2026. After the allocation of shares, the company will initiate refunds and transfers of shares to the respective demat accounts. PNGS Reva Diamond is expected to list on the stock exchanges on Wednesday, March 4, 2026.

First Published: Feb 27 2026 | 8:52 AM IST



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Quality Power Electrical bags Rs 146-cr domestic order for HVDC reactors

Quality Power Electrical bags Rs 146-cr domestic order for HVDC reactors

by | Feb 27, 2026 | Share Market


Last Updated : Feb 27 2026 | 8:04 AM IST

Quality Power Electrical Equipments said that it has secured multiple domestic orders for the supply of High Voltage Direct Current (HVDC) reactors up to 800 kV worth Rs 146 crore.

The company said the orders have been awarded by a domestic entity. However, the name of the awarding entity has not been disclosed due to a non-disclosure agreement (NDA).

The scope of work involves the supply of multiple HVDC reactors, and the orders are to be executed over a period of around 18 months.

Quality Power clarified that neither the promoter nor the promoter group or group companies have any interest in the entity that awarded the contracts.

 

The company also confirmed that the orders do not fall under related party transactions.

Quality Power Electrical Equipment is engaged in the business of energy transition equipment and power technologies.

The companys consolidated net profit zoomed 220.69% to Rs 62.76 crore in Q3 FY26 as against Rs 19.57 crore in Q3 FY25. Revenue from operations jumped 291.27% to Rs 283.99 crore in Q3 FY26 as against Rs 72.58 crore in Q3 FY25.

The counter advanced 0.65% to end at Rs 904.25 on the BSE.

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Disclaimer: No Business Standard Journalist was involved in creation of this content

First Published: Feb 27 2026 | 8:04 AM IST



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Quality Power Electrical bags Rs 146-cr domestic order for HVDC reactors

PNGS Reva Diamond Jewellery subscribed 1.23 times

by | Feb 26, 2026 | Share Market


The offer received bids for 70.31 lakh shares as against 57.06 lakh shares on offer.

PNGS Reva Diamond Jewellery received bids for 70,31,776 shares as against 57,06,235 shares on offer, according to stock exchange data at 17:30 IST on Thursday (26 February 2026). The issue was subscribed 1.23 times.

The issue opened for bidding on 24 February 2026 and it will close on 26 February 2026. The price band of the IPO is fixed between Rs 367 and 386 per share.

The IPO comprises a fresh issue of equity shares worth up to Rs 380 crore.

The objectives for the fresh issue include Rs 286.56 for funding expenditure towards setting up 15 new stores, Rs 35.4 crore for marketing and promotional expenses, and the remaining amount for general corporate purposes.

 

Ahead of the IPO, PNGS Reva Diamond Jewellery on 23 February 2026, raised Rs 170.58 crore from anchor investors by allotting 44.19 lakh shares at Rs 386 each to 16 anchor investors.

P.N. Gadgil & Sons, its corporate promoter, divested its diamond business through a slump sale to PNGS Reva Diamond Jewellery under a business transfer agreement (BTA). Following this transaction, PNGS Reva Diamond Jewellery operates as a separate entity in the diamond jewelry segment.

PNGS Reva Diamond Jewellery offers different types of jewellery using diamonds and precious and semi-precious stones, which are studded into precious metals such as gold and platinum. The product offerings include rings, earrings, necklaces, pendants, solitaires, bangles, bracelets, mangalsutra, nose rings, and chains to cater to diverse customer segments and occasions. Prices start at around Rs 20,000 and go up to high-value jewelry pieces.

As of September 30, 2025, the company had 13 distinct jewelry collections, including in-house design team and curated selections from third-party manufacturers and Karigars.

For the six month ended 30 September 2025, the firm recorded a consolidated net profit of Rs 20.13 crore and income from operations of Rs 156.72 crore.

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Quality Power Electrical bags Rs 146-cr domestic order for HVDC reactors

Barometers pare gains; media shares decline

by | Feb 26, 2026 | Share Market


The key equity benchmarks reversed all gains and traded with minor losses in early afternoon trade. The Nifty traded below the 25,450 mark. Media shares declined after advancing for previous trading session.

At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 181.44 points or 0.22% to 82,094.63. The Nifty 50 index fell 54.05 points or 0.21% to 25,428.45.

The broader market underperformed the frontline indices. The BSE 150 MidCap Index fell 0.01% and the BSE 250 SmallCap Index fell 0.18%.

The market breadth was negative. On the BSE, 1,949 shares rose and 1,972 shares fell. A total of 202 shares were unchanged.

 

Derivatives:

The NSE’s India VIX, a gauge of the market’s expectation of volatility over the near term, slumped 8.05% to 13.01. The Nifty 30 March 2026 futures were trading at 25,608.90, at a premium of 1 points as compared with the spot at 25,428.45.

The Nifty option chain for the 30 March 2026 expiry showed a maximum call OI of 57.7 lakh contracts at the 26,000 strike price. Maximum put OI of 66.1 lakh contracts was seen at 25,000 strike price.

Buzzing Index:

The Nifty Media index fell 0.78% to 1,406.35. The index added 0.46% in the past trading session.

Prime Focus (down 1.41%), D B Corp (down 1.33%), Tips Music (down 1.19%), Saregama India (down 1.07%) and Zee Entertainment Enterprises (down 1.06%), PVR Inox (down 1%), Network 18 Media & Investments (down 0.44%), Sun TV Network (down 0.34%) fell.

Stocks in Spotlight:

Capacite Infraprojects fell 1.62%. The company said that it has received a letter of intent (LOI) from TenX Realty (on behalf of Raymond) for a total contract value of approximately Rs 537 crore.

Alembic Pharmaceuticals fell 1.15%. The company announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA), Lamotrigine Orally Disintegrating Tablets USP, 25 mg, 50 mg, 100 mg, and 200 mg.

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Quality Power Electrical bags Rs 146-cr domestic order for HVDC reactors

Wall Street Rises on Tech Strength Ahead of Key Nvidia Earnings

by | Feb 26, 2026 | Share Market


U.S. stocks climbed as software and hardware names rebounded, IBM and Oracle rallied on broker upgrades, global markets tracked higher and the 10-year Treasury yield edged up to about 4.04%.

The Nasdaq jumped 288.40 points (1.3%) to 23,152.08, the S&P 500 climbed 56.06 points (0.8%) to 6,946.13 and the Dow rose 307.65 points (0.6%) to 49,482.15.

Nvidia jumped by 1.4% ahead of the release of its fourth quarter financial results after the close of today’s trading. Tech giant IBM Corp. (IBM) also surged by 3.6%, continuing to regain ground following a nosedive on Monday after UBS upgraded its rating on the company’s stock to Neutral from Sell. Oracle (ORCL) also shot up by 1.2% after Oppenheimer upgraded its rating on the software giant’s stock to Outperform from Perform.

 

Software stocks turned in some of the market’s best performances, with the Dow Jones U.S. Software Index spiking by 3.1%. The index continued to regain ground after slumping to its lowest closing level in ten months on Monday amid easing AI disruption concerns.

Substantial strength was also visible among computer hardware stocks, as reflected by the 2.9% surge by the NYSE Arca Computer Hardware Index. Financial, networking and semiconductor stocks also saw significant strength while housing stocks moved sharply lower on the day.

Asia-Pacific stocks moved mostly higher. Japan’s Nikkei 225 Index surged by 2.2% while South Korea’s Kospi shot up by 1.9%. The major European markets also moved to the upside on the day while the U.K.’s FTSE 100 Index jumped by 1.2%, the German DAX Index advanced by 0.8% and the French CAC 40 Index rose by 0.5%.

In the bond market, treasuries saw modest weakness after ending the previous session roughly flat. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, inched up by 1.5 bps to 4.04%.

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Welspun Corp shares gain 4% as UAE subsidiary gets incorporation licence

Welspun Corp shares gain 4% as UAE subsidiary gets incorporation licence

by | Feb 26, 2026 | Share Market



Welspun Corp Share Price: Shares of iron and steel products manufacturer Welspun Corp were in high demand on the bourses on Thursday, February 26, 2026, after the company announced an update on the incorporation of a subsidiary in the UAE. Following the update, the company’s share price rose 4.23 per cent to ₹831 per share on the NSE during intraday trade on Thursday.

 


Though Welspun Corp shares have partially pared their gains, they continued to trade higher on the bourses. At 10:15 AM, the company’s shares were seen exchanging hands at ₹817.55 per share, up 3.46 per cent from their previous close of ₹797.25 per share on the NSE. The benchmark NSE Nifty50, meanwhile, was trading at 25,547, up 65 points, or 0.26 per cent.

 
 


So far during today’s trading session, a combined total of 0.5 million equity shares of Welspun Corp, estimated to be worth ₹40 crore, have exchanged hands on the BSE and NSE.

 


The company’s market capitalisation stood at ₹21,543.78 crore on the NSE as of February 26. Welspun Corp shares have a 52-week range of ₹994–₹664.30.


Welspun Corp announces update on the incorporation of a subsidiary


The noteworthy movement in the Welspun Corp share price came after the company informed the exchanges that its wholly owned subsidiary (WOS) in the Free Trade Zone, United Arab Emirates (UAE), has been incorporated in the name of “Welspun International FZCO” (WIFZCO) in Dubai Multi Commodities Centre (DMCC), UAE.

 


The company has received the Certificate of Incorporation/licence today from the relevant DMCC authority.

 


“WIFZCO will handle global marketing for all our products and also carry out the business of trading of any of the products and raw materials in which the parent company and its subsidiaries transact,” said Welspun Corp in an exchange filing.

 


Earlier this month, on February 12, Welspun Corp informed the exchanges that Welspun Global Holdings Limited (WGHL), located in Dubai International Financial Centre (DIFC), UAE, and Welspun Mauritius Holdings Limited (WMHL), both wholly owned subsidiaries of the company, have informed Welspun Corp that their respective Boards of Directors have approved the transfer/acquisition of a 100 per cent equity stake in Welspun Pipes Company (WPC), KSA, from WMHL to WGHL for an aggregate consideration of $8 million.

 


The transaction, however, is subject to receipt of applicable statutory and regulatory approvals. On completion of the transaction, WPC, which is currently a wholly owned subsidiary of WMHL, shall thereafter become a wholly owned subsidiary of WGHL, said Welspun Corp in a regulatory filing.



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