Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery.
Grover Jewells IPO 2026 – Dates, Price Band, Lot Size & Full Details
Book Built IPO | NSE SME
IPO Snapshot
4 February 2026
6 February 2026
9 February 2026
11 February 2026 (Tentative)
₹83 to ₹88
1,600 shares
₹33.83 Crore
Bookbuilding IPO
Grover Jewells IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 4 to 6 February, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹88 per share |
| Total Issue Size | 38,44,800 shares (₹33.83 Cr) |
| Market Cap (Pre-IPO) | ₹127.66 Cr |
| Listing At | NSE SME |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Capital |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Finshore Management Services Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Wednesday, 4 February 2026 |
| IPO Closes | Friday, 6 February 2026 |
| Allotment | Monday, 9 February 2026 |
| Refunds | Tuesday, 10 February 2026 |
| Shares Credited | Tuesday, 10 February 2026 |
| Listing | Wednesday, 11 February 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min & Max) | 2 | 3,200 | 2,81,600 |
| S-HNI (Min) | 3 | 4,800 | 4,22,400 |
| B-HNI (Min) | 8 | 12,800 | 11,26,400 |
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| QIB | 18,24,000 (47.44%) |
| NII (HNI) | 5,48,800 (14.27%) |
| Retail | 12,78,400 (33.25%) |
| Market Maker | 1,93,600 (5.04%) |
About Grover Jewells Ltd.
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery.
The company’s portfolio includes plain gold, studded, and semi-finished jewellery in 22 Karat, 20 Karat, and 18 Karat. It operates through two showrooms located at Karol Bagh and Chandni Chowk, Delhi.
Financial Performance (₹ Crore)
| Particular | Oct 31, 2025 | Mar 31, 2025 | Mar 31, 2024 |
|---|---|---|---|
| Total Income | 473.22 | 460.95 | 258.00 |
| Profit After Tax | 10.45 | 7.62 | 2.78 |
| EBITDA | 14.62 | 11.26 | 4.71 |
| Net Worth | 27.14 | 16.69 | 9.07 |
| Total Assets | 67.51 | 29.85 | 13.91 |
Key Performance Indicators
| KPI | Oct 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROCE | 30.62% | 45% |
| Debt / Equity | 1.04 | 0.56 |
| RoNW | 38.52% | 45.67% |
| PAT Margin | 2.21% | 1.65% |
| EBITDA Margin | 3.09% | 2.44% |
| Price to Book Value | 3.46 | 5.62 |
Promoters
Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover.
IPO Registrar
Maashitla Securities Pvt. Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
IPO Lead Manager
- Finshore Management Services Ltd.
Company Contact Details
Grover Jewells Ltd.
House No C-44/5, 1st Floor,
Lawrance Road Industrial Area, Keshavpuram,
Delhi – 110035
Phone: +91 9218012596
Email: cs@groverjewells.com
Frequently Asked Questions (FAQ)
What is the Grover Jewells IPO date?
The IPO opens on 4 February 2026 and closes on 6 February 2026.
What is the price band of Grover Jewells IPO?
The price band is ₹83 to ₹88 per share.
What is the minimum investment for retail investors?
Retail investors must apply for 3,200 shares amounting to ₹2,81,600.
Where will Grover Jewells IPO list?
The IPO will be listed on NSE SME.