Grover Jewells IPO Opens on Feb 4: Price Band, Dates & Key Details

Grover Jewells Limited is set to enter the primary market with its SME IPO, offering investors an opportunity to participate in the company’s growth journey. The issue will open for subscription in early February and will be listed on the NSE Emerge platform. Here are all the key details you should know before investing.

Grover Jewells IPO Key Details

• IPO Opening Date: 4 February 2026
• IPO Closing Date: 6 February 2026
• Price Band: ₹83 – ₹88 per share
• Face Value: ₹10 per share
• Listing Platform: NSE Emerge
  

Issue Size & Structure

• Total Issue Size: 38,44,800 shares worth ₹31.91 – ₹33.83 crore
• Fresh Issue: 38,44,800 shares aggregating ₹31.91 – ₹33.83 crore
• Offer for Sale (OFS): Nil
  

Lot Size & Investment Amount

• Lot Size: 1,600 shares
• Minimum Application: 3,200 shares
• Minimum Investment: ₹2,81,600
  

IPO Allocation Breakdown

• Qualified Institutional Buyers (QIB): 50%
• Non-Institutional Investors (NII/HNI): 15%
• Retail Investors: 35%

Anchor Investor Details

• Anchor Bid Date: 3 February 2026
• Shares Reserved for Anchor Investors: 10,94,400 shares
• Anchor Lock-in (50% shares): Till 5 March 2026
• Anchor Lock-in (Remaining 50% shares): Till 2 May 2026
  

Objects of the Issue

The company plans to use the net proceeds for:

• Working capital requirements: ₹25.34 crore
• Issue-related expenses
• General corporate purposes
  

Important Post-IPO Dates

• Basis of Allotment: 9 February 2026
• Refund Initiation: 10 February 2026
• Shares Credited to Demat: 10 February 2026
• Listing Date: 11 February 2026

IPO GMP Status

• Grey Market Premium (GMP): Not available yet
  

Investors are advised to keep an eye on subscription numbers and GMP trends as the IPO dates approach to gauge market sentiment.