Grover Jewells Limited IPO
Grover Jewells is engaged in the design and manufacture of a wide range of wholesale gold jewellery, offering finely crafted products that include gold chains, bangles, rings, necklaces and complete jewellery sets. The Company’s designs cater to diverse customer preferences and evolving market trends. While its primary focus remains on the business-to-business (B2B) segment, Grover Jewells is undertaking strategic initiatives to strengthen its presence in the business-to-consumer (B2C) segment and enhance revenue diversification. In addition, the Company operates a job-work segment, wherein small and independent jewellers provide gold and design specifications, which are then converted into finished jewellery products by Grover Jewells, leveraging its manufacturing expertise and craftsmanship.
Price Band₹83 - ₹88 |
Dates04 Feb - 06 Feb |
GMP₹0 (0.00%) |
Subscriptions19.25 times |
Issue Size₹33.83 Crs |
Grover Jewells IPO Key Dates
Opening Date
04 Feb 26
Closing Date
06 Feb 26
Basis Of Allotment
09 Feb 26
Initiations Of Refund
10 Feb 26
Credit Of Shares
10 Feb 26
Listing Date
11 Feb 26
Grover Jewells IPO Objects
- Working Capital Requirements
- Issue Related Expenses
- General Corporate Expenses
Grover Jewells IPO Details
Price Band₹83 - ₹88 |
Listing AtNSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹33.83 Cr (0.38 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹33.83 Cr (0.38 Cr Shares) |
Face Value₹10 per equity share |
Grover Jewells IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
3,200
2,81,600
Maximum
2
3,200
2,81,600
|
|||
| Small HNI |
Minimum
3
4,800
4,22,400
Maximum
7
11,200
9,85,600
|
|||
| Big HNI |
Minimum
8
12,800
11,26,400
|
|||
Grover Jewells IPO Subscription
Updated as on 06-Feb-2026 19:00:17 hrs
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 11.32 | 7,29,600 | 82,56,000 |
| NII | 37.92 | 5,48,800 | 2,08,09,600 |
| bNII | 45.16 | 3,64,800 | 1,64,75,200 |
| sNII | 23.56 | 1,84,000 | 43,34,400 |
| Individual Investor | 15.76 | 12,78,400 | 2,01,47,200 |
| Total | 19.25 | 25,56,800 | 4,92,12,800 |
Grover Jewells IPO GMP
The estimated Grey Market Premium of Grover Jewells IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 49.96% of Net Offer |
| NII | Not less than 15.03% of Net Offer |
| Retail | Not less than 35.01% of Net Offer |
| Market Maker | 1,93,600 EQ. Shares |
Grover Jewells IPO Financials
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 473.19 | 460.80 | 257.91 | 255.10 |
| PAT | 10.45 | 7.62 | 2.78 | 2.71 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Borrowings | 28.30 | 9.34 | 4.17 | 3.74 |
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| NAV (₹) | 25.45 | 15.66 | 8.51 | 5.90 |
| EPS (₹) | 9.80 | 62.62 | 34.03 | 23.60 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| EBITDA | 2.44% |
| PAT | 1.65% |
| RONW | 45.67% |
| ROCE | 45.00% |
| Debt to Equity | 0.56 |
| PE Ratio | 1.41 |
| PB Ratio | 5.62 |
| Mkt Cap (in Crs.) | 127.66 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Grover Jewells IPO Peer Comparision
| Particulars | Grover Jewells | Shanti Gold | Retaggio Industries | RBZ Jewellers | Utssav CZ Gold |
|---|---|---|---|---|---|
| Revenue | 460.80 | 1,106.41 | 23.49 | 530.15 | 646.32 |
| PAT | 7.62 | 55.70 | 2.43 | 38.86 | 25.06 |
| EPS (₹) | 7.15 | 10.34 | 2.60 | 9.70 | 11.63 |
| NAV (₹) | 15.66 | 21.13 | 13.51 | 61.26 | 53.23 |
| RONW | 45.67% | 36.56% | 11.57% | 15.86% | 19.76% |
| EBITDA | 2.44% | 8.28% | 17.20% | 12.13% | 6.03% |
| PAT Mrgn | 1.65% | 5.03% | 10.36% | 7.33% | 3.88% |
| PE Ratio | 1.41 | 20.71 | 9.08 | 14.18 | 19.01 |
| Debt to Equity | 0.56 | 1.60 | 0.56 | 0.35 | 1.03 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 23, 2026 for Peers
Grover Jewells IPO Peer Comparision
| Particulars | Grover Jewells |
|---|---|
| Revenue | 460.80 |
| PAT | 7.62 |
| EPS (₹) | 7.15 |
| NAV (₹) | 15.66 |
| RONW | 45.67% |
| EBITDA | 2.44% |
| PAT Mrgn | 1.65% |
| PE Ratio | 1.41 |
| Debt to Equity | 0.56 |
| Shanti Gold | Retaggio Industries | RBZ Jewellers | Utssav CZ Gold |
|---|---|---|---|
| 1,106.41 | 23.49 | 530.15 | 646.32 |
| 55.70 | 2.43 | 38.86 | 25.06 |
| 10.34 | 2.60 | 9.70 | 11.63 |
| 21.13 | 13.51 | 61.26 | 53.23 |
| 36.56% | 11.57% | 15.86% | 19.76% |
| 8.28% | 17.20% | 12.13% | 6.03% |
| 5.03% | 10.36% | 7.33% | 3.88% |
| 20.71 | 9.08 | 14.18 | 19.01 |
| 1.60 | 0.56 | 0.35 | 1.03 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 23, 2026 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Deepak Grover | 99.79% |
| Others | 0.21% |
| Total | 100.00% |
Management Details
| Name | Designation |
|---|---|
| Deepak Grover | MD |
| Sunny Grover | CEO |
| Abhishek Malhotra | CFO |
Company Details
Name: Grover Jewells Limited
Address: House No C-44/5 1st Floor Lawrance Road Industrial Area, Keshavpuram Ind Area, North West, Delhi-110035, India
Number: +91 9218012596
Email: cs@groverjewells.com
Website: https://www.groverjewells.com
Book Running Lead Managers (BRLMs)
RTAs
Maashitla Securities
Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Grover Jewells IPO is a SME IPO having an issue size of Rs. ₹33.83 Crs. Grover Jewells IPO is priced at ₹83 - ₹88 per share. The issue opens on 04 Feb 26 and closes on 06 Feb 26.
Grover Jewells IPO opens on 04 Feb 26 and closes on 06 Feb 26.
The estimated Grey Market Premium of Grover Jewells IPO is ₹0 per share (0.00%).
The minimum lot size of Grover Jewells IPO is 1600 shares & the minimum application amount is Rs. 140800.
The allotment date of Grover Jewells IPO is 09 Feb 26.
The listing date of Grover Jewells IPO is 11 Feb 26.
Grover Jewells IPO is subscribed 19.25 times.
Grover Jewells IPO is priced at ₹83 - ₹88 per share.
Click the allotment link on Grover Jewells IPO page of IPO360.
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Grover Jewells IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
We are a one-stop destination for all your IPO needs. Get reliable, accurate, and timely information for all the IPOs in India!