IPO

Grover Jewells Limited IPO

NSE SME

Offer Date: Feb 4, 2026 - Feb 6, 2026

₹ 281600 /3200 Shares
*Min Investment

04 Feb, 2026

Open Date

06 Feb, 2026

Close Date

09 Feb, 2026

Allotment Date

11 Feb, 2026

Listing Date
Grover Jewells IPO Issue Details
  • Issue Price ₹83-88 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 38,44,800 shares(aggregating up to ₹33.83 crore)
  • Fresh Share 38,44,800 shares(aggregating up to ₹33.83 crore)
  • Listing at NSE SME
  • Lead Manager Finshore Management Services Ltd.
  • Registrar Maashitla Securities Pvt.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
BHNI(min) 8 12800 ₹11,26,400
Grover Jewells IPO Documents
DRHP
RHP
Grover Jewells IPO Details


Grover Jewells Limited IPO is an SME IPO, priced at ₹83-88 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 38,44,800 equity shares, aggregating up to ₹33.83 crores..

The IPO bidding window is open from Feb 4, 2026 to Feb 6, 2026. The allotment is expected to be finalized on Feb 9, 2026, and the tentative listing date is Feb 11, 2026.

The minimum lot size for Individual investors is 3200 shares, with a minimum investment of ₹2,81,600.

Finshore Management Services Ltd. is acting as the lead manager to the issue. The registrar of the IPO is Maashitla Securities Pvt.Ltd., and

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Grover Jewells Valuations
EPS Pre IPO ₹/-
EPS Post IPO ₹/-
Market Cap. 127.66 Cr.
Grover Jewells Company Financials
In Crs.
In Cr.
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
About Grover Jewells Company

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.

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Grover Jewells - Promoter(s)

Mr. Deepak Kumar Grover

Mr. Lavkesh Kumar Grover

Mrs. Bhawna Grover

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.48%

Grover Jewells IPO - Issue Objectives
1

Working Capital Requirements

2

General Corporate Purposes

Contact Details

Grover Jewells

House No. C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Industrial Area, North West Delhi, New Delhi, New Delhi, 110035

+91 9218012596

cs@groverjewells.com

https://groverjewells.com/

Registrar Contact Details

Maashitla Securities Private Limited

+91-11-45121795-96

ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues