Grover Jewells – IPO
Grover Jewells – IPO Details
| IPO Date | February 4, 2026 to February 6, 2026 |
| Listing Date | February 11, 2026 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 83 to ₹ 88 / Share |
| Lot Size | 1600 Shares |
| Total Issue Size | 38,44,800 shares (Aggregating up to ₹34 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,06,62,400 shares |
| Share holding post issue | 1,45,07,200 shares |
| Market Maker portion |
Grover Jewells Timeline (Tentative Schedule)
Grover Jewells IPO opens on February 4, 2026, and closes on February 6, 2026.
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Basis of Allotment | February 9, 2026 |
| Initiation of Refunds | February 10, 2026 |
| Credit of Shares to Demat | February 10, 2026 |
| Listing Date | February 11, 2026 |
| Cut-off time for UPI mandate confirmation | -- |
Grover Jewells IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | Rs.281,600 |
| Retail (Max) | 2 | 3,200 | Rs.281,600 |
| S-HNI (Min) | 3 | 4,800 | Rs.422,400 |
| S-HNI (Max) | 7 | 11,200 | Rs.985,600 |
| B-HNI (Min) | 8 | 12,800 | Rs.1,126,400 |
| HNI (Min) |
Grover Jewells IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.48% |
Grover Jewells IPO Reservation
Grover Jewells IPO offers a total of 38,44,800 shares. Out of which 18,24,000 (47.44%) allocated to QIB, 7,29,600 (18.98%) allocated to QIB (Ex- Anchor), 5,48,800 (14.27%) allocated to NII, 12,78,400 (33.25%) allocated to RII, and 10,94,400 (28.46%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 10,94,400 (28.46%) |
|
| Market Maker Shares Offered | 1,93,600 (5.04%) |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 18,24,000 (47.44%) |
|
| NII (HNI) Shares Offered | 5,48,800 (14.27%) |
|
| bNII > ₹10L | 3,64,800 (9.49%) |
|
| sNII < ₹10L | 1,84,000 (4.79%) |
|
| Retail Shares Offered | 12,78,400 (33.25%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 38,44,800 (100.00%) |
Grover Jewells IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | 10,94,400 |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Grover Jewells
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery.
The company’s product portfolio includes plain gold, studded, and semi-finished jewellery, primarily available in 22 Karat, 20 Karat, and 18 Karat. It also offers hallmarked and non-hallmarked jewellery through its two showrooms located at Karol Bagh, New Delhi, and Chandni Chowk, Delhi.
The company operates across two key segments — machine-made chain manufacturing and casting jewellery production — enabling it to cater to both high-volume demand and contemporary fashion-oriented designs with consistent quality and timely delivery.
For operational clarity, Grover Jewells Limited categorizes its sales into three divisions: wholesale sales, retail sales, and consumer sales. Headquartered in Delhi, the company has established a strong B2B network across approximately 20 states in India and has expanded its footprint internationally with exports to Australia and the U.A.E.
As of August 31, 2025, the company employed 68 individuals.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 30.62% |
| Debt/Equity | 1.04 |
| RoNW | 38.52% |
| P/BV | 3.46 |
| PAT Margin (%) | 2.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.15 | 12.35 |
| P/E (x) | 12.31 | 7.12 |
Note:
- The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of October 31, 2025, available in RHP.
Objects of the Issue (Grover Jewells IPO Objectives)
Grover Jewells Contact Details
Grover Jewells Ltd House No C-44/5 1st Floor, Lawrance Road, Industrial Area Keshavpuram Ind Area, North West Delhi, New Delhi, 110035
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Grover Jewells IPO Registrar
Maashitla Securities Pvt.Ltd.
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