Grover Jewells Limited Link 
Allotment
Grover Jewells IPO is a book-built issue aggregating to ₹33.83 crore. The issue consists entirely of a fresh issue of 0.38 crore equity shares.
The IPO opens for subscription on February 4, 2026, and closes on February 6, 2026. The allotment is expected to be finalized on February 9, 2026, and the shares are proposed to be listed on the NSE SME platform on February 11, 2026.
The price band for the Grover Jewells IPO is fixed at ₹83 to ₹88 per share. The lot size is 1,600 shares per application. Retail investors are required to apply for a minimum of 2 lots (3,200 shares), amounting to an investment of ₹2,81,600 at the upper price band. For HNI investors, the minimum application size is 3 lots (4,800 shares), translating to an investment of ₹4,22,400.
Finshore Management Services Ltd. is the book-running lead manager for the issue, while Maashitla Securities Pvt. Ltd. is acting as the registrar. Anant Securities has been appointed as the market maker for the IPO.
₹88
0%
Open
₹88
HIgh - Low
₹88
Previous Close
₹88
Total Traded Value
0
52 Weeks High
₹88
52 Weeks Low
₹88
Updates On
Jan 30, 2026
IPO. Open
Feb 4, 2026
IPO. Close
Feb 6, 2026
IPO. Price
₹88.00
IPO Market price
₹127.66 Cr
IPO Details
| IPO Date | 11 Feb |
| IPO Listing Date | 11 Feb |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹88.00 |
| IPO Issue Size | 38,44,800 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,06,62,400 shares |
IPO Timeline
| IPO Open Date | 4 Feb |
| IPO Close Date | 6 Feb |
| IPO Allotment (Tentative) | 9 Feb |
| Refunds | 10 Feb |
| Credit to Demat Account | 10 Feb |
| IPO Listing Date | 11 Feb |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 18,24,000 Shares |
| NII (HNI) Shares Offered | 5,48,800 Shares |
| Retail Shares Offered | 12,78,400 Shares |
IPO Lot Size
Investors can apply for a minimum of 3,200 shares, and thereafter in multiples of 1,600 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,81,600 |
| Retail (Max) | 2 | 3,200 | ₹2,81,600 |
| S-HNI (Min) | 3 | 4,800 | ₹4,22,400 |
| S-HNI (Max) | 7 | 11,200 | ₹9,85,600 |
| B-HNI (Min) | 8 | 12,800 | ₹11,26,400 |
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and design of a diverse range of gold jewellery for the wholesale market.
The company’s product portfolio comprises plain gold, studded, and semi-finished jewellery, predominantly crafted in 22 Karat, 20 Karat, and 18 Karat gold. It offers both hallmarked and non-hallmarked jewellery through its two retail showrooms located in Karol Bagh, New Delhi, and Chandni Chowk, Delhi.
Grover Jewells operates across two core business segments—machine-made chain manufacturing and casting jewellery production—allowing the company to serve high-volume requirements as well as contemporary, fashion-driven designs, while ensuring consistent quality and timely delivery.
For operational purposes, the company classifies its sales into three divisions: wholesale sales, retail sales, and consumer sales. Headquartered in Delhi, Grover Jewells has developed a robust B2B presence across approximately 20 states in India and has also expanded internationally, exporting its products to Australia and the U.A.E.
As of August 31, 2025, the company employed 68 personnel.
Company Financials (Consolidated)
| Assets | 67.51 | 29.85 | 13.91 |
| Total Income | 473.22 | 460.95 | 258 |
| Profit After Tax | 10.45 | 7.62 | 2.78 |
| EBITDA | 14.62 | 11.26 | 4.71 |
| NET Worth | 27.14 | 16.69 | 9.07 |
| Reserves and Surplus | 16.48 | 14.03 | 6.41 |
| Total Borrowing | 28.3 | 9.34 | 4.17 |
Key Performance Indicator (KPI)
| ROE | - |
| ROCE | 30.62% |
| Debt/Equity | 1.04 |
| RoNW | 38.52% |
| PAT Margin | 2.21% |
| EBITDA Margin | 3.09% |
| Price to Book Value | 3.46 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 21.35 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Grover Jewells Ltd. Address
House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area, North West
Delhi, New Delhi, 110035
+91 9218012596
cs@groverjewells.com
https://groverjewells.com/
Detail Registrar
IPO Registrar
Maashitla Securities Pvt.Ltd.
+91-11-45121795-96
ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues
Grover Jewells IPO is an SME book-built public issue of ₹33.83 crore, consisting entirely of fresh equity shares, aimed at raising funds for business growth.
The Grover Jewells IPO opens for subscription on February 4, 2026, and closes on February 6, 2026, as per the announced IPO schedule.
The IPO price band is fixed between ₹83 and ₹88 per share, with a lot size of 1,600 shares per application.
Retail investors must apply for a minimum of 2 lots, totaling 3,200 shares, requiring an investment of ₹2,81,600 at the upper price band.
Grover Jewells IPO shares are proposed to be listed on the NSE SME platform, with a tentative listing date of February 11, 2026.
The primary objective of the IPO is to meet working capital requirements and support general corporate purposes of the company.
Grover Jewells Limited manufactures and designs gold jewellery, including chains and casting jewellery, serving wholesale and retail markets across India and select international locations.
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