Grover Jewells IPO
Grover Jewells is an NSE SME IPO listed on the NSE SME platform, priced at ₹83–₹88 per share. The stock debuted at ₹96, delivering a listing gain of 9.1%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹2,81,600.
Grover Jewells Limited IPO
- IPO Dates
- Feb 4, 2026 – Feb 6, 2026
- Price band
- ₹83-88 per equity share
- Minimum Investment
- ₹2,81,600
- Issue size
- ₹33.83 Cr
- Lot size
- 1600
- Allotment Date
- Feb 9, 2026
- Listing
- Feb 11, 2026
- Listing At
- NSE SME
IPO timeline
-
Feb 4, 2026
Open Date
Completed
-
Feb 6, 2026
Close Date
Completed
-
Feb 9, 2026
Allotment Date
Completed
-
Feb 11, 2026
Listing Date
Completed
Grover Jewells IPO Subscription Details
View Subscription DetailsGrover Jewells IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Grover Jewells IPO Essentials
Grover Jewells IPO Details
Grover Jewells IPO is priced at ₹83-88 per share with a total issue size of 33.83 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹83-88 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 38,44,800 shares(aggregating up to ₹33.83 Cr)
- Total issue size
- 38,44,800 shares
(aggregating up to ₹33.83 crore) - Fresh issue
- 38,44,800 shares
(aggregating up to ₹33.83 crore) - Listing at
- NSE SME
- List price
- 96.0
- Listing date
- Registrar
- Maashitla Securities Pvt.Ltd.
- Lead manager
-
Finshore Management Services Ltd.
Market Lot Size
Investors can bid for a minimum of 3200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 3200 | ₹2,81,600 |
| Individual(max) | 2 | 3200 | ₹2,81,600 |
| sHNI(min) | 3 | 4800 | ₹4,22,400 |
| sHNI(max) | 7 | 11200 | ₹9,85,600 |
| sHNI(min) | 8 | 12800 | ₹11,26,400 |
Grover Jewells IPO Reservation
Grover Jewells IPO reservation details show category-wise allocation of shares. Out of the total 3844800 shares, approximately 18.98% are reserved for QIB, 14.27% for NII, 33.29% for retail investors, 5.04% for market maker, and 28.42% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1092800 (28.42%) | |
| Market Maker Shares Offered | 193600 (5.04%) | |
| QIB Shares Offered | 729600 (18.98%) | |
| NII (HNI) Shares Offered | 548800 (14.27%) | |
| bHNI > ₹10L | 364800 (9.39%) | 76 |
| sHNI < ₹10L | 184000 (4.85%) | 38 |
| Individual Shares Offered | 1280000 (33.29%) | 400 |
| Total Shares Offered | 3844800 (100%) |
Grover Jewells IPO Analytics
Grover Jewells IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Grover Jewells IPO Subscription Status
Grover Jewells IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 19.24x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 7,29,600 |
5,48,800
3,64,800
1,84,000
|
12,80,000 | 25,58,400 |
|
Day 1
04-02-26 05:00 PM
|
0.00 x |
2.46x
2.75x
1.89x
|
1.17 x | 1.11 x |
|
Day 2
05-02-26 05:00 PM
|
3.82 x |
6.84x
8.14x
4.25x
|
3.36 x | 4.24 x |
|
Day 3
06-02-26 05:00 PM
|
11.32 x |
37.92x
45.16x
23.56x
|
15.74 x | 19.24 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 8434 (Approx) | 16.28x | 23.53x | 15.74x |
Grover Jewells Valuations
Fundamentals
- Market Cap
- 127.66 Cr.
Grover Jewells Financials( In Crs.)
| 31-Oct-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Revenue | 473.22 | 460.95 | 258.00 | 255.11 |
| Profit After Tax | 10.45 | 7.62 | 2.78 | 2.71 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Reserves & Surplus | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowing | 28.30 | 9.34 | 4.17 | 3.74 |
Grover Jewells Company & Offer Insights
About Grover Jewells
Incorporated in the year 2021, Grover Jewells Limited is involved in the manufacturing and designing of a variety of wholesale gold jewelry.The product offerings of the company comprise plain gold, studded, and semi-finished jewelry, which are mainly offered in 22 Karat, 20 Karat, and 18 Karat. The company also deals in hallmarked and non-hallmarked jewelry, which is available through the two showrooms of the company situated at Karol Bagh, New Delhi, and Chandni Chowk, Delhi.
The company functions through two major business segments: machine-made chain manufacturing and casting jewelry production, which helps the company meet the bulk demand as well as the latest fashion designs.To streamline its business operations, Grover Jewells Limited divides its sales into three divisions: wholesale sales, retail sales, and consumer sales. The company, headquartered in Delhi, has developed a robust B2B business network in and around 20 states in India and has further expanded its global presence through exports to Australia and the U.A.E.
As of August 31, 2025, the company had 68 employees.
Grover Jewells Promoter(s)
Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover, Mrs. Bhawna Grover are the company's promoters of Grover Jewells.
Grover Jewells IPO Issue Objectives
- •
- Working Capital Requirements
- •
- General Corporate Purposes
Contact Information
Contact Details
Grover Jewells
+91 9218012596
House No. C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Industrial Area, North West Delhi, New Delhi, New Delhi, 110035
Registrar Contact Details
Maashitla Securities Private Limited
+91-11-45121795-96
Frequently Asked Questions
Click any question to reveal the answer
Grover Jewells IPO is a book-built IPO worth ₹33.83 crore. The price band is ₹83–₹88 per share. The IPO opens on Feb 4, 2026 and closes on Feb 6, 2026. It will be listed on NSE SME Platform. Maashitla Securities Pvt. Ltd. is the registrar.
The price band of Grover Jewells IPO is ₹83 to ₹88 per share.
The lot size of Grover Jewells IPO is 1600 shares.
The minimum investment for Grover Jewells IPO is approximately ₹2,81,600 based on the upper price band .
Grover Jewells IPO opens on Feb 4, 2026 and closes on Feb 6, 2026.
The allotment date of Grover Jewells IPO is Feb 9, 2026.
Grover Jewells IPO is expected to be listed on Feb 11, 2026, on NSE SME Platform.
Grover Jewells IPO valuation snapshot: P/E N/A, EPS ₹/-, P/B N/A, RoNW %, and market cap 127.66 Cr.
To apply for Grover Jewells IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Grover Jewells IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Grover Jewells IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Grover Jewells IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Grover Jewells IPO allotment status on IPO Ji for quick and easy access.