Grover Jewells
NSE SME₹2,81,600 / Individual : 3200 Shares
Grover Jewells IPO Details
The Grover Jewells IPO price band is set between ₹83-88 per equity share, with a face value of ₹10 per share. The issue is managed by Maashitla Securities Pvt.Ltd., and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 4 Feb, 2026 and closes on 6 Feb, 2026. Investors can check the allotment status on 9 Feb, 2026, while the listing date is tentatively scheduled for 11 Feb, 2026.
The total issue size is 38,44,800 shares, aggregating up to ₹33.83 crore. Stay tuned for the latest Grover Jewells IPO review and GMP updates.
Grover Jewells IPO Review, Rating & Analysis
Grover Jewells IPO Review
NO REVIEWGrover Jewells IPO Rating
Grover Jewells IPO Highlights
IPO Date
Feb 4, 2026 - Feb 6, 2026
Listing Date
11 Feb, 2026
Face Value
₹10 Per Equity Share
Price Band
₹83-88 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Grover Jewells IPO Lot Size
The minimum market lot for Grover Jewells IPO is 3200 shares with an application amount of ₹2,81,600. Retail investors can apply for up to 0 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3200 | ₹2,81,600 |
| Retail (Max) | 0 | 0 | ₹0 |
| S-HNI (Min) | 1 | 3200 | ₹2,81,600 |
| S-HNI (Max) | 3 | 9600 | ₹8,44,800 |
| B-HNI (Min) | 4 | 12800 | ₹11,26,400 |
Grover Jewells IPO Timeline
Issue Price
₹83-88 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Maashitla Securities Pvt.Ltd.Lead Manager
Finshore Management Services Ltd.Issue Size
38,44,800 shares(aggregating up to ₹33.83 crore)Grover Jewells IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Oct-25 | 67.51 | 473.22 | 10.45 | 27.14 | 16.48 | 28.30 |
| 31-Mar-25 | 29.85 | 460.95 | 7.62 | 16.69 | 14.03 | 9.34 |
| 31-Mar-24 | 13.91 | 258.00 | 2.78 | 9.07 | 6.41 | 4.17 |
| 31-Mar-23 | 11.71 | 255.11 | 2.71 | 6.29 | 3.63 | 3.74 |
In Cr.
Grover Jewells IPO Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-PE Pre IPO
-PE Post IPO
-ROE
-ROCE
-Debt Equity
-RoNW
-PAT Margin
-Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Mr. Deepak Kumar Grover
- Mr. Lavkesh Kumar Grover
- Mrs. Bhawna Grover
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.48% |
About 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.
Grover Jewells IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Working Capital Requirements | - |
| General Corporate Purposes | - |
Company 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, 110035Registrar Contact Details
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Frequently Asked Questions about Grover Jewells IPO
When will Grover Jewells IPO open for subscription?
The Grover Jewells IPO opens on 4 Feb, 2026 and closes on 6 Feb, 2026.
What is the investors portion for Grover Jewells IPO?
The investors' portion for QIB is N/A%, NII is N/A%, and Retail is N/A%.
How to apply for Grover Jewells IPO?
You can apply for Grover Jewells IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Grover Jewells IPO?
The issue size of Grover Jewells IPO is approx ₹38,44,800 shares(aggregating up to ₹33.83 crore) crores.
What is the price band of Grover Jewells IPO?
The price band for Grover Jewells IPO is ₹83 to ₹88 per equity share.
What is the lot size of Grover Jewells IPO?
The minimum bid (lot size) for Grover Jewells IPO is 1600 shares with an investment of approx ₹2,81,600 .
What is the allotment date of Grover Jewells IPO?
The allotment date for Grover Jewells IPO is 9 Feb, 2026.
What is the listing date of Grover Jewells IPO?
The listing date for Grover Jewells IPO is expected to be 11 Feb, 2026.
What is the GMP of Grover Jewells IPO?
The latest Grey Market Premium (GMP) for Grover Jewells IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.