PNGS Reva Diamond Jewellery IPO Day 3: GMP, subscription status, broker views and key details

PNGS Reva Diamond Jewellery’s Rs 380 crore IPO enters its final day with 83% subscription and zero GMP, signalling muted listing expectations. While strong financials and margins support long-term prospects, brokerages remain divided, citing valuation concerns, regional concentration risks, and competitive pressures in the evolving jewellery market.