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, 2026

Price Band

₹83.00 - ₹88.00

Listing

On NSE SME at Feb 11, 2026

Market 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
Market Maker Anant Securities
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

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
Amount in ₹ Crore

Grover Jewells Limited Live GMP**

GMP Date IPO Price GMP Estimated Listing Price Rating
Feb 02, 2026 ₹88 ₹0 ₹88
(0%)
🔥
* Estimated Profit/Loss per lot. GMP * MARKET LOT.

Grover Jewells IPO Objects

# Issue Objects Estimate Amount (₹ Cr.)
1 Working Capital Requirements 21
2 General corporate purposes 0

Company Contact Details

  • Grover Jewells Limited
  • 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