Grover Jewells IPO

Grover Jewells IPO Details 

• Open Date: 4 February 2͏026 
• Close Date: 6 February 2026 
• ͏Lot Size: 1,600 shares 
• Price Range: ₹83 to ͏₹88 per͏ share 
• Listing͏: NSE, SME͏ 
• Issue Size: ₹3͏3͏.83 Crore 
• Listing͏ Date: 11 ͏February ͏2026 

͏Grover Jewells IPO Timeline 

• ͏Bidding Start: 4 February 2026͏ 
• ͏Bidding Ends: 6 February 2026 
• Allotment Finalisation: 9 February 2026 
• ͏Refund Initiation: 10 February 20͏26 
• Demat Transfer: ͏10͏ February 2͏0͏26 
• Listing: 11 February 20͏26͏ 

About Grover Jewells Limited 

Incorporated in 202͏1, Grover Jewells Limited is a wholesale gold jewellery manufacturer and designer. The company offers plain gold, studded and semi-finished jewellery in 22K, 20K and 18K categories. It operates through machine-made chain manufacturing and casting jewellery segments, focusing on volume-driven and design-centric clients. Grover Jewells caters to wholesale, retail, and consumer markets and has a robust B2B presence in almost 20 Indian states, with exports to Australia and the UAE. The company is based in Delhi with 2 showrooms. 

Grover Jewells Limited IPO Overview 

Grover Jewells IPO is a book build issue of ₹33.83 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹33.83 crore. Grover Jewells IPO opens for subscription on Feb 4, 2026 and closes on Feb 6, 2026. The allotment for the Grover Jewells IPO is expected to be finalized on Feb 9, 2026. Grover Jewells IPO will list on NSE SME with a tentative listing date fixed as Feb 11, 2026. Grover Jewells IPO price band is set at ₹83 to ₹88 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,81,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹4,22,400. Finshore Management Services Ltd. is the book running lead manager and Maashitla Securities Pvt. Ltd. is the registrar of the issue. The Market Maker of the company is Anant Securities. 

Grover Jewells Limited IPO Details 

 Grover Jewells Limited IPO Reservation 

 Grover Jewells Limited IPO Lot Size 

Grover Jewells Limited IPO Promoter Holding 

 Grover Jewells Limited IPO Valuation Overview 

 IPO Strengths of Grover Jewells Limited 

• Promoters and management possess extensive jewellery manufacturing experience 
• Strong B2B presence across multiple Indian states 
• Integrated manufacturing capabilities supporting volume and design flexibility 
• Long-term client relationships with consistent repeat orders 
• Adherence to quality standards and hallmarking requirements 
• Expanding international footprint through exports 

Objectives of the Proceeds 

• Funding working capital requirements to support business growth – ₹21.35 
• Meeting general corporate expenses to strengthen operations 

Key Financials (in ₹ crore) 

 SWOT Analysis of Grover Jewells Limited 

 Peer Group Comparison