PNGS Reva Diamond Jewellery IPO Day 2: GMP, subscription status, brokerages’ views & key details

PNGS Reva Diamond Jewellery’s Rs 380 crore IPO enters Day 2 with 59% subscription and a grey market premium of Rs 4–5, implying modest listing gains. While institutional participation remains strong, retail demand is moderate. Brokerages remain divided, balancing healthy margins against valuation and execution risks.