Grover Jewells IPO Details
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹83 to ā¹88 Per Share |
| Issue Size | Approx ā¹33.83 Crores |
| Fresh Issue | Approx ā¹33.83 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Grover Jewells IPO Review & Key Points
- Review: Neutral
Grover Jewells IPO Market Lot
The Grover Jewells IPO minimum market lot is 3,200 shares with ā¹2,81,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ā¹2,81,600 |
| Retail Maximum | 2 | 3,200 | ā¹2,81,600 |
| S-HNI Minimum | 3 | 4,800 | ā¹4,22,400 |
| S-HNI Maximum | 7 | 11,200 | ā¹9,85,600 |
| B-HNI Minimum | 8 | 12,800 | ā¹11,26,400 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 10,94,400 Shares | 28.46% |
| QIB (Ex. Anchor) | 7,29,600 Shares | 18.98% |
| NII Shares Offered | 5,48,800 Shares | 14.27% |
| Retail Shares Offered | 12,78,400 Shares | 33.25% |
Grover Jewells IPO Anchor Investors
| Anchor Bidding Date | February 03, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,94,400 Shares |
| Anchor Size | 9.62 Cr. |
| lock-in period end date 50% shares (30 Days) | March 11, 2026 |
| lock-in period end date 50% shares (90 Days) | May 10, 2026 |
Grover Jewells IPO Dates
The Grover Jewells IPO date is February 4 and the close date is February 6. The Grover Jewells IPO allotment will be finalized on February 9 and the IPO listing on February 11.
| IPO Open Date: | February 4, 2026 |
| IPO Close Date: | February 6, 2026 |
| Basis of Allotment: | February 9, 2026 |
| Refunds: | February 10, 2026 |
| Credit to Demat Account: | February 10, 2026 |
| IPO Listing Date: | February 11, 2026 |
| IPO Bidding Cut-off Time: | February 6, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,06,62,400 | 100% |
| Promoter Holding Post Issue | 1,45,07,200 | 73.48% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Working Capital Requirements | ā¹21.35 |
| General Corporate Purpose | ā¹- |
About Grover Jewells IPO
Grover Jewells Limited was incorporated in 2021 and started a business of designing and manufacturing a wide range of gold jewellery for the wholesale market.
Further, the companyās 22,20 and 18 karat gold provide plain gold, studded, and semi-finished jewellery. Moreover, It sells both hallmarked and non-hallmarked jewellery through its two showrooms, which are located in Karol Bagh and Chandni Chowk in Delhi.
Based in Delhi, the company has built a strong business-to-business network across around 20 states in India. It has also expanded internationally, with exports to countries like Australia and the UAE.
Grover Jewells IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ā¹255.11 | ā¹250.97 | ā¹2.71 | ā¹11.71 |
| 2024 | ā¹258.00 | ā¹253.21 | ā¹2.78 | ā¹13.91 |
| 2025 | ā¹460.95 | ā¹449.55 | ā¹7.62 | ā¹29.85 |
| Oct 2025 | ā¹473.22 | ā¹458.57 | ā¹10.45 | ā¹67.51 |
Grover Jewells IPO Valuation – FY2025
Check Grover Jewells IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 45.67% |
| ROCE: | 45.00% |
| EBITDA Margin: | 2.44% |
| PAT Margin: | 1.65% |
| Debt to equity ratio: | 0.56 |
| Earning Per Share (EPS): | ā¹7.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 45.67% |
| Net Asset Value (NAV): | ā¹15.66 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Shanti Gold International Limited | 10.34 | 20.71 | 36.56% | 21.13 | 1,106.41 Cr. |
| Retaggio Industries Limited | 2.60 | 9.08 | 11.57% | 13.51 | 23.49 Cr. |
| RBZ Jewellers Limited | 9.70 | 14.18 | 15.86% | 61.26 | 530.15 Cr. |
| Utssav CZ Gold Jewels Limited | 11.63 | 19.01 | 19.76% | 53.23 | 646.32 Cr. |
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
Company Address
Grover Jewells Ltd.
House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area, North West
Delhi, New Delhi, 110035
Phone: +91 9218012596
Email: [email protected]
Website: https://www.groverjewells.com/
IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
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Note: The Grover Jewells IPO price band and date are officially announced. The (Grover Jewells IPO grey market premium) will be added to the IPO GMP page as it will start).
