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Grover Jewells Limited IPO Subscription

NSE EmergeListed

Diamond & Jewellery · Listed on NSE · 04 Feb 2026 - 06 Feb 2026

Jagat JoshiJagat Joshi
October 31, 2026
Issue Size
34.00 Cr
Price Band
₹83.00 - ₹88.00
Lot Size
1600 Shares
Min Investment
₹2,81,600
GMP
₹0
Subscription
19.16x
₹431.37 Cr
IPO Timeline
IPO OpensDONE
04 Feb 2026
IPO ClosesDONE
06 Feb 2026
Basis of AllotmentDONE
09 Feb 2026
RefundsDONE
10 Feb 2026
Demat CreditDONE
10 Feb 2026
ListingDONE
11 Feb 2026

About Grover Jewells Limited IPO

Grover Jewells IPO open date is February 4, 2026 and the IPO will close on February 6, 2026. Grover Jewells IPO is a Book build Issue. The company to raise around ₹33.83 crores via IPO that comprises fresh issue of ₹33.83 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Grover Jewells IPO price band is ₹83 to ₹88 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Grover Jewells IPO to list on NSE SME on February 11, 2026. The allotment of Grover Jewells IPO date is February 9, 2026.

The company reported revenue of ₹460.95 crores in 2025 against ₹258.00 crores in 2024. The company reported profit of ₹7.62 crores in 2025 against profit of ₹2.78 crores in 2024. As per the financials the IPO investors should apply the IPO for a long term.

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Grover Jewells Limited IPO Subscription Status

QIB
11.32x
NII
37.57x
bNII
44.63x
sNII
23.56x
Retail
15.74x
Total
19.16x

Subscription Status

CategorySubscription (x)Shares OfferedShares bid forTotal Amount (₹ Cr)
QIB (Ex. Anchor)11.32x7,29,60082,56,000₹72.65 Cr
NII37.57x5,48,8002,06,16,000₹181.42 Cr
bNII > ₹10L44.63x3,64,8001,62,81,600₹143.28 Cr
sNII < ₹10L23.56x1,84,00043,34,400₹38.14 Cr
Retail15.74x12,80,0002,01,47,200₹177.30 Cr
Total19.16x25,58,4004,90,19,200₹431.37 Cr

IPO Reservation

Investor CategoryShares Offered% of Net Issue
QIB18,22,40049.91%
- Anchor10,92,8000.00%
- QIB (Ex. Anchor)7,29,6000.00%
NII5,48,80015.03%
- bNII > ?10L3,64,8000.00%
- sNII < ?10L1,84,0000.00%
Retail12,80,00035.06%
Total36,51,200100.00%

IPO Anchor Investors

Anchor Investors Letter (PDF)
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Frequently Asked Questions (FAQ)

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