Upcoming Mainboard IPOs This Week (Feb 16-20, 2026): PNGS Reva Diamond Jewellery & Shree Ram Twistex Ltd

The Indian IPO market is gearing up for an exciting week from 16 February to 20 February 2026, with several new public offerings lined up for subscription. Among these, two mainboard IPOs are expected to capture significant investor interest due to their business fundamentals, sector presence and growth potential. This blog covers key details about PNGS Reva Diamond Jewellery Limited IPO and Shree Ram Twistex Ltd IPO, including price bands, issue sizes, subscription dates and what investors should watch ahead of subscription opening.

PNGS Reva Diamond Jewellery Limited IPO

One of the most anticipated offerings in the jewellery and lifestyle segment, the PNGS Reva Diamond Jewellery Limited IPO is scheduled to open for subscription on 24 February 2026. The company operates in the branded jewellery market, focusing on diamond jewellery and lifestyle accessories, and aims to leverage the growing demand for organised retail jewellery in India.

The price band for the PNGS Reva Diamond Jewellery IPO has been set between ₹44 and ₹46 per share, making the issue accessible to a wide range of investors. Each IPO lot consists of 3,000 equity shares, resulting in a minimum investment requirement of approximately ₹1,38,000 at the upper price band. The company has also revised its original issue size, ultimately reducing it to about ₹150 crore, balancing investor demand with market conditions.

Investors have shown interest in the PNGS Reva Diamond Jewellery IPO due to its focus on branded jewellery and expanding retail footprint across major cities. The company’s range includes diamond rings, pendants, earrings and other ornaments that appeal to a younger, aspirational customer base. Over the past few years, branded jewellery has grown as a preferred choice among consumers who value design, certification transparency and after-sales services.

The subscription window for this mainboard IPO will remain open until 26 February 2026, giving investors three days to apply for shares. The expected listing date for PNGS Reva Diamond Jewellery on major stock exchanges is 4 March 2026, subject to regulatory approvals and subscription response. Investors looking for growth exposure in the consumer and lifestyle space may find this IPO appealing, especially if the company meets its strategic expansion targets.

Shree Ram Twistex Ltd IPO

Another key mainboard offering this week is Shree Ram Twistex Ltd IPO, which operates in the textile and industrial fabrics segment. The company specializes in manufacturing twisted yarns and related textile products, serving both domestic and international markets. With a focus on quality, innovation and operational efficiency, Shree Ram Twistex has built a strong presence in the textile value chain.

The price band, issue size and lot structure for the Shree Ram Twistex IPO have yet to be finalized or publicly announced at the time of writing. However, based on industry expectations and early indications, investors are anticipating a competitive pricing range that reflects the company’s growth trajectory and market standing. The IPO is expected to attract strong interest from institutional investors, given the company’s established client base and consistent revenue generation.

Shree Ram Twistex’s business is particularly relevant in a time when the Indian textile industry is witnessing renewed demand fueled by export opportunities and government initiatives aimed at boosting manufacturing. This backdrop makes the IPO noteworthy, as investors may gain exposure to a sector that balances traditional industry strength with modern operational practices.

Like the PNGS Reva Diamond Jewellery IPO, Shree Ram Twistex’s subscription period is scheduled within the 16 February to 20 February 2026 window mentioned in the Angel One IPO alert. Investors should keep an eye on the official red herring prospectus for confirmed price band, lot size and subscription dates before applying.

What Investors Should Know

As these mainboard IPOs approach subscription opening, it is crucial for investors to review key fundamentals, financial performance history and growth plans of the companies. Some points to consider before applying include:

• Issue Price and Valuation: Compare the price band with industry peers to assess relative valuation.
• Business Model and Market Position: Understand how the company competes and its long-term growth drivers.
• Subscription Timelines and Allotment: Track key dates to ensure timely application and follow-through on allotment status.
• Listing Expectations: Based on GMP and subscription trends, gauge early listing sentiment.

Mainboard IPOs often attract broader participation due to larger issue sizes and inclusion of institutional investors. With PNGS Reva Diamond Jewellery and Shree Ram Twistex Ltd gearing up for subscription, this week’s IPO calendar promises opportunities for investors seeking exposure to consumer lifestyle and textile manufacturing sectors.

Stay updated with subscription figures and allotment results, as they will offer better insights into likely listing performance and investor appetite. Wishing you informed investing and smart portfolio decisions as these IPOs unfold in late February 2026.