Grover Jewells, GMP IPO Date, Review, Price, Allotment Details IPO
Grover Jewells IPO Summary
IPO Open Date: 04 Feb 2026
IPO Close Date: 06 Feb 2026
Price Band: ₹83 to ₹88 Per Share
Issue Size: Approx ₹33.83 Crores
Listing Exchange: NSE SME
Website: https://www.groverjewells.com/
Grover Jewells IPO Overview
Grover Jewells IPO is a book build issue of ₹33.83 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹33.83 crore.
Grover Jewells IPO opens for subscription on Feb 4, 2026 and closes on Feb 6, 2026. The allotment for the Grover Jewells IPO is expected to be finalized on Feb 9, 2026. Grover Jewells IPO will list on NSE SME with a tentative listing date fixed as Feb 11, 2026.
Grover Jewells IPO price band is set at ₹83 to ₹88 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,81,600 (3,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (4,800 shares), amounting to ₹4,22,400.
Grover Jewells IPO Details
| Company Name | Grover Jewells Ltd. |
| IPO Open Date | 04 Feb 2026 |
| IPO Close Date | 06 Feb 2026 |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹83 to ₹88 Per Share |
| Issue Size | Approx ₹33.83 Crores |
| Fresh Issue | Approx ₹33.83 Crores |
| Offer for Sale | - |
| Issue Type | Book build Issue |
| Listing On | NSE SME |
Grover Jewells IPO Market Lot
The Grover Jewells IPO minimum market lot is 3,200 shares with ₹2,81,600 application amount.
| Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | ₹2,81,600 |
| Retail Maximum | 2 | 3,200 | ₹2,81,600 |
| S-HNI Minimum | 3 | 4,800 | ₹4,22,400 |
| S-HNI Maximum | 7 | 11,200 | ₹9,85,600 |
| B-HNI Minimum | 8 | 12,800 | ₹11,26,400 |
Grover Jewells IPO Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Anchor Investor | 10,94,400 Shares | 28.46% |
| QIB (Ex. Anchor) | 7,29,600 Shares | 18.98% |
| NII / HNI | 5,48,800 Shares | 14.27% |
| Retail | 12,78,400 Shares | 33.25% |
Anchor Bidding Date: 03 Feb 2026
Anchor Issue Size: 9.62 Cr.
30 Days Lock-in: 11 Mar 2026
90 Days Lock-in: 10 May 2026
Grover Jewells IPO Dates & Allotment
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 Opening Date | 04 Feb 2026 |
| IPO Closing Date | 06 Feb 2026 |
| Bidding Cutoff Time | 5 PM |
| Basis of Allotment | 09 Feb 2026 |
| Refunds Initiation | 10 Feb 2026 |
| Credit to Demat | 10 Feb 2026 |
| IPO Listing Date | 11 Feb 2026 |
Grover Jewells IPO Objects of the Issue & Utilization of Proceeds
| Description | Amount |
|---|---|
| Working Capital Requirements | ₹21.35 |
| General Corporate Purpose | ₹- |
Grover Jewells Ltd. Financials
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹255.11 | ₹250.97 | ₹2.71 | ₹11.71 |
| 2024 | ₹258.00 | ₹253.21 | ₹2.78 | ₹13.91 |
| 2025 | ₹460.95 | ₹449.55 | ₹7.62 | ₹29.85 |
| Oct 2025 | ₹473.22 | ₹458.57 | ₹10.45 | ₹67.51 |
Grover Jewells IPO Valuation
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.
| Parameter | Value |
|---|---|
| Earnings Per Share (EPS) | ₹7.15 (Basic) |
| P/E Ratio | N/A |
| Return on Equity (ROE) | 45.67% |
| Return on Capital Employed (ROCE) | 45.00% |
| Return on Net Worth (RoNW) | 45.67% |
| Net Asset Value (NAV) | ₹15.66 |
| EBITDA Margin | 2.44% |
| PAT Margin | 1.65% |
| Debt to Equity Ratio | 0.56 |
Grover Jewells IPO Peer Group Comparison
| Company | EPS | P/E | RoNW % | NAV | Total 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. |
Grover Jewells IPO Promoters & Holding Pattern
The promoters of the company are Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover.
| Particulars | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 1,06,62,400 | 100% |
| Promoter Holding Post Issue | 1,45,07,200 | 73.48% |
Grover Jewells IPO Lead Managers (Merchant Bankers)
- Finshore Management Services Ltd.
About Grover Jewells Ltd.
Grover Jewells is a premier jewelry establishment renowned for its exquisite craftsmanship and timeless designs. Specializing in gold, diamond, and precious gemstone collections, the firm caters to both traditional and contemporary tastes. With a commitment to quality and transparency, they have built a legacy of trust among luxury consumers globally.
Grover Jewells Ltd. Address
Delhi, New Delhi, 110035Phone: +91 9218012596
Email: [email protected]
Grover Jewells IPO Registrar
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues