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 |
| 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 |
Grover Jewells Limited Live GMP**
| GMP Date | IPO Price | GMP | Estimated Listing Price | Rating |
|---|---|---|---|---|
| Feb 02, 2026 | ₹88 | ₹0 | ₹88 (0%) | 🔥 |
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