The Grover Jewells IPO was subscribed overall 19.16 times on the last day, while the retail quota was subscribed 15.74 times, QIB subscribed 11.32 times, and NII quota subscribed 37.57 times, respectively.
Details About Grover Jewells IPO
Grover Jewells has received approval from SEBI for an IPO of ā¹33.83 crores via fresh issue with a face value of ā¹10 each.
Moreover, the company has set up a price band between ā¹83 to ā¹88 per share.
In this IPO, a total of 3,200 shares were available in 2 lot sizes for the minimum Retail category and maximum Retail category.
S-HNI (Min) has a total of 4,800 shares in 3 lot sizes.
S-HNI has 11,200 shares in 7 lot sizes.
B-HNI Minimum shares in 12,800 shares in 8 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum & Maximum investment of ā¹2,81,600.
- S-HNI (Minimum): Minimum investment of ā¹4,22,400.
- S-HNI (Maximum): Maximum investment of ā¹9,85,600.
- B-HNI Minimum: investment of ā¹11,26,400.
Subscription duration of the Grover Jewells IPO
The opening date of the Grover Jewells IPO subscription was February 4, 2026, and the closing date was February 6, 2026. The Grover Jewells IPO allotment was finalized on February 9, 2026, and the IPO listing is on February 11, 2026.
Funds Deployment of This Company
- The proceeds raised from the issue will be used towards Working Capital Requirements.
- The remaining funds will be used towards the General Corporate Purpose.
About the Grover Jewells IPO
“Grover Jewells Limited started in 2021. The company makes and designs gold jewelry to sell to other businesses.
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.
