Grover Jewells IPO Details 2026
Grover Jewells IPO is a book-built public issue with a total size of ₹34.00 crore, aimed at raising capital to support the company’s growth plans and business expansion.
The IPO consists of Fresh Issue, offering investors an opportunity to participate in the company’s future journey through listing on the NSE SME stock exchange.
The IPO opened for subscription on Feb 04, 2026, and closed on Feb 06, 2026. The basis of allotment was finalized on Feb 09, 2026, and the equity shares were subsequently listed on NSE SME stock exchange at Feb 11, 2026.
IPO Open
Feb 04, 2026 - Feb 06, 2026Price Band
₹83.00 - ₹88.00Listing
On NSE SME at Feb 11, 2026Market Cap (Pre-IPO)
₹127.66 Cr.Grover Jewells IPO Details
| Face Value | ₹10.00 per share |
| Price Band | ₹83.00 - ₹88.00 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Issue |
| Issue Type | Book Building |
| Listing Exchange(s) | NSE SME |
| Total Issue Size | ₹34 Cr |
| Reserved for Market Maker | ₹2 Cr |
| Net Offered to Public | ₹32 Cr |
| Fresh Issue | ₹32 Cr |
| Share Holding Pre Issue | 1,06,62,400 |
| Share Holding Post Issue | 1,45,07,200 |
| NSE Code | GJL |
| ISIN | INE1TY801010 |
Grover Jewells IPO Time Table (Tentative)
| Opening Date | Feb 04, 2026 |
| Closing Date | Feb 06, 2026 |
| Allotment Date | Feb 09, 2026 |
| Refund Date | Feb 10, 2026 |
| Credit of Shares in Demate Account | Feb 10, 2026 |
| Listing Date | Feb 11, 2026 |
Grover Jewells IPO Lot Size
| Investor Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,81,600 |
| Retail (Max) | 2 | 3,200 | ₹2,81,600 |
| S-HNI (Min) | 3 | 4,800 | ₹4,22,400 |
| S-HNI (Max) | 7 | 11,200 | ₹9,85,600 |
| B-HNI (Min) | 8 | 12,800 | ₹11,26,400 |
Grover Jewells IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,93,600 |
| QIB Shares Offered | 18,24,000 |
| − Anchor Investor Shares Offered | 10,94,400 |
| − QIB (Ex. Anchor) Shares Offered | 7,29,600 |
| NII (HNI) Shares Offered | 5,48,800 |
| − bNII > ₹10L | 3,64,800 |
| − sNII < ₹10L | 1,84,000 |
| Retail Shares Offered | 12,78,400 |
| Total Shares Offered | 38,44,800 |
About Grover Jewells Limited
Founded in 2021, Grover Jewells Limited is a gold jewellery manufacturer and designer focused on serving the wholesale jewellery market with a diverse range of finely crafted products.
The company offers an extensive collection of gold jewellery that includes plain designs, studded pieces, and semi-finished items. Its products are primarily manufactured in 22K, 20K, and 18K gold, catering to varied market preferences. Grover Jewells also retails both hallmarked and non-hallmarked jewellery through its two strategically located showrooms in Karol Bagh and Chandni Chowk, New Delhi.
Operationally, the company works across two major manufacturing verticals—machine-made chain production and casting-based jewellery manufacturing. This dual-segment approach allows it to efficiently manage bulk orders while also delivering trend-driven and contemporary designs with uniform quality standards and dependable turnaround times.
For business operations, Grover Jewells Limited classifies its revenue streams into wholesale, retail, and direct consumer sales. Headquartered in Delhi, the company has built a robust B2B distribution network spanning nearly 20 Indian states and has extended its presence to international markets through exports to Australia and the United Arab Emirates.
As of August 31, 2025, the company’s workforce comprised 68 employees, supporting its manufacturing, sales, and administrative functions.
Grover Jewells Limited Financials (Restated Consolidated)
| Quarter | Assets | Total Income | Profit After Tax | EBITDA | NET Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| Oct 31, 2025 | 67.51 | 473.22 | 10.45 | 14.62 | 27.14 | 16.48 | 28.3 |
| Mar 31, 2025 | 29.85 | 460.95 | 7.62 | 11.26 | 16.69 | 14.03 | 9.34 |
| Mar 31, 2024 | 13.91 | 258 | 2.78 | 4.71 | 9.07 | 6.41 | 4.17 |
| Mar 31, 2023 | 11.71 | 255.11 | 2.71 | 4.1 | 6.29 | 3.63 | 3.74 |
Grover Jewells Limited Live GMP**
| GMP Date | IPO Price | GMP | Estimated Listing Price | Rating |
|---|---|---|---|---|
| Feb 11, 2026 | ₹88 | ₹0 | ₹88 (0%) | 🔥 |
Grover Jewells IPO Objects
| # | Issue Objects | Estimate Amount (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 21 |
| 2 | General corporate purposes | - |
Company Contact Details
- Grover Jewells Limited
- House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area
North West Delhi New Delhi - 110035 - +91 9218012596
- cs@groverjewells.com
- Visit Website
IPO FAQs
What is Grover Jewells IPO?
Grover Jewells IPO is the process through which the company is offering its equity shares to the public for the first time to raise funds and get listed on the stock exchange.
When will Grover Jewells IPO open for subscription?
Grover Jewells IPO will open for subscription on Feb 04, 2026 and will remain open for bidding during market hours.
When will Grover Jewells IPO close?
The IPO of Grover Jewells Limited will close on Feb 06, 2026 unless extended or shortened by the company.
What is the IPO issue size of Grover Jewells Limited?
The total issue size of Grover Jewells IPO is ₹34 Cr.
What is the price band of Grover Jewells IPO?
The price band for Grover Jewells IPO has been fixed at ₹83.00 to ₹88.00 per share.
What is the lot size for Grover Jewells IPO?
The lot size for Grover Jewells IPO is 1,600 Shares shares.
Is Grover Jewells IPO a Fresh Issue or Offer for Sale (OFS)?
Grover Jewells IPO consists of Fresh Issue, as per details mentioned in the RHP/DRHP.
What is the face value of Grover Jewells Limited shares?
The face value of each equity share of Grover Jewells Limited is ₹10.00 per share.
Which stock exchange will Grover Jewells IPO be listed on?
The shares of Grover Jewells Limited will be listed on NSE SME.
What is the listing date of Grover Jewells IPO?
Grover Jewells IPO is expected to be listed on 2026-02-11, subject to final allotment and approvals.
What is the IPO objective of Grover Jewells Limited?
The proceeds from Grover Jewells IPO will be used for:
- Working Capital Requirements
- General corporate purposes
How many shares are offered in Grover Jewells IPO?
A total of 1,45,07,200 equity shares are being offered under the IPO.
Is Grover Jewells IPO a Mainboard or SME IPO?
Grover Jewells IPO is a SME IPO, as per stock exchange classification.
What is the market lot for retail investors?
The market lot for retail investors in Grover Jewells IPO is 2 shares per application.
Can retail investors apply for Grover Jewells IPO?
Yes, retail investors can apply for Grover Jewells IPO provided they meet the minimum investment criteria.