Regulatory29 Jul 2026, 02:28 pm
PNGS Reva Diamond Jewellery IPO Fund Utilization Report
AI Summary
PNGS Reva Diamond Jewellery Ltd has filed a statement of deviation(s)/variation(s) for its Initial Public Offer (IPO) funds for the quarter ended June 30, 2026. The company raised ₹37,951.52 Lakhs on February 27, 2026. The funds were intended for setting up 15 new brand-exclusive stores, marketing and promotional expenses for these stores, and general corporate purposes. For the reported quarter, ₹9,303.20 Lakhs have been utilized. The filing indicates no deviation or variation in the use of funds as per the audit committee's review.
Key Highlights
- IPO funds utilization report filed for Q2 FY27.
- ₹37,951.52 Lakhs raised via IPO on Feb 27, 2026.
- ₹9,303.20 Lakhs utilized in the quarter ended June 30, 2026.
- No deviation reported in fund utilization.
- Funds allocated for new stores, marketing, and corporate purposes.
Price Impact
More from PNGSREVA