Grover Jewells IPO Details
Grover Jewells
Offer Price₹88 Lot Size1,600 Listing Price ₹96 (9.09% ▲) Subscription19.16x Offer Time04Feb to 06 feb
Listed
Check Allotment Status Grover Jewells IPO Deatils : GMP, Subscription, Date
- 📄 IPO Details
- 📊 IPO Subscribe
- 📅 Important Date
- 📈 Day Wise Gmp
- 🧮 Day Wise Subscribe
- 📦 Ipo Lot Size
- 🏷️ Ipo Reservation
- 🏢 About Company
- 🎯 Objective of Ipo
- 🚀 Financial Report
Ipo Details
| Field | Details |
|---|
| IPO Date | 4 to 6 Feb, 2026 |
| Listing Date | Wed, Feb 11, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹88 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,44,800 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,93,600 shares (agg. up to ₹2 Cr) – Anant Securities |
| Net Offered to Public | 36,51,200 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,06,62,400 shares |
| Share Holding Post Issue | 1,45,07,200 shares |
Subscription
| QIB | 1.12x |
| NII | 1.52x |
| bNII | 1.28x |
| sNII | 1.99x |
| Individual | 2.12x |
| Total | 1.63x |
Important Date
| Event | Date |
|---|
| IPO Open | Wed, Feb 4, 2026 |
| IPO Close | Fri, Feb 6, 2026 |
| Allotment | Mon, Feb 9, 2026 |
| Refund | Tue, Feb 10, 2026 |
| Credit of Shares | Tue, Feb 10, 2026 |
| Listing | Wed, Feb 11, 2026 |
Day Wise Gmp
| Date | Price | GMP | Sub | Est Price | Profit | Updated |
|---|
| 06-02-2026 | ₹163.00 | ₹0.00 — | 1.63 | ₹163.00 | ₹0.00 | 00:32 |
| 04-02-2026 | ₹163.00 | ₹0.00 — | 1.63 | ₹163.00 | ₹0.00 | 23:45 |
| 03-02-2026 | ₹163.00 | ₹0.00 — | 0.74 | ₹163.00 | ₹0.00 | 00:16 |
| 01-02-2026 | ₹163.00 | ₹0.00 — | 0.48 | ₹163.00 | ₹0.00 | 23:55 |
| 31-01-2026 | ₹163.00 | ₹0.00 — | 0.48 | ₹163.00 | ₹0.00 | 23:58 |
| 30-01-2026 | ₹163.00 | ₹0.00 — | 0.48 | ₹163.00 | ₹0.00 | 23:58 |
| 29-01-2026 | ₹163.00 | ₹0.00 — | 0.00 | ₹163.00 | ₹0.00 | 23:43 |
Day Wise Subscribe
| Date | QIB | NII | BNII | SNII | Total |
| 03 Feb | 1.12x | 1.52x | 1.28x | 1.99x | 1.63x |
| 01 Feb | 0.12x | 0.27x | 0.36x | 0.01x | 0.48x |
| 31 Jan | 0.12x | 0.27x | 0.36x | 0.01x | 0.48x |
| 30 Jan | 0.12x | 0.27x | 0.36x | 0.01x | 0.48x |
Ipo Lot Size
| Application | Lots | Shares | Amount (₹) |
| Individual Investors (Retail) (Min) | 2 | 3,200 | 2,81,600 |
| Individual Investors (Retail) (Max) | 2 | 3,200 | 2,81,600 |
| S-HNI (Min) | 3 | 4,800 | 4,22,400 |
| S-HNI (Max) | 7 | 11,200 | 9,85,600 |
| B-HNI (Min) | 8 | 12,800 | 11,26,400 |
Ipo Reservation
| Category | Shares | Percentage |
|---|
| Market Maker Shares | 1,93,600 | 5.04% |
| QIB Shares | 18,24,000 | 47.44% |
| Anchor Investor Shares | 10,92,800 | 28.42% |
| QIB (Ex Anchor) | 7,31,200 | 19.02% |
| NII (HNI) | 5,48,800 | 14.27% |
| bNII > ₹10L | 3,64,800 | 9.49% |
| sNII < ₹10L | 1,84,000 | 4.79% |
| Retail | 12,78,400 | 33.25% |
| Total Shares Offered | 38,44,800 | 100% |
About Company
| Particulars | Details |
| Incorporation & Business | Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery. |
| Product Portfolio | Plain gold, studded, and semi-finished jewellery primarily in 22 Karat, 20 Karat, and 18 Karat. Offers hallmarked and non-hallmarked jewellery through showrooms at Karol Bagh and Chandni Chowk, Delhi. |
| Operating Segments | Operates across two key segments: - Machine-made chain manufacturing
- Casting jewellery production
Catering to high-volume demand and contemporary fashion-oriented designs with consistent quality and timely delivery. |
| Sales Structure & Reach | Sales categorized into wholesale, retail, and consumer sales. Headquartered in Delhi with a strong B2B network across approximately 20 states in India and international exports to Australia and the U.A.E. |
| Employees | As of August 31, 2025, the company employed 68 individuals. |
Objective of Ipo
| # | Issue Objects | Estimated Amount (₹ Cr.) |
| 1 | Working Capital Requirements | 21.35 |
| 2 | General corporate purposes | — |
Financial Report
| Metric | Value |
|---|
| ROCE | 30.62% |
| Debt / Equity | 1.04 |
| RoNW | 38.52% |
| PAT Margin | 2.21% |
| EBITDA Margin | 3.09% |
| Price to Book Value | 3.46 |
