Grover Jewells IPO Description – Grover Jewells is an integrated gold jewellery manufacturer with a strong wholesale-led business model and a growing retail presence. The company traces its origins to 2010 and transitioned into a corporate structure in 2021, culminating in its conversion to a public limited company in April 2025. It operates a fully in-house manufacturing facility in Delhi with a built-up area of approximately 1,003 sq. meters, supported by advanced casting, chain-making, and finishing machinery. This integrated setup enables end-to-end control over design, production, quality, and delivery.
The company specialises in machine-made gold chains and casting jewellery, offering plain, studded, and semi-finished products primarily in 22K, 20K, and 18K gold. Its portfolio includes chains, rings, bangles, necklaces, and complete jewellery sets, catering largely to B2B customers such as wholesalers, retailers, and small jewellers. Manufacturing contributes over 99% of total revenue, while job work generates stable, albeit marginal, income through labour charges.
With two retail showrooms in Delhi and a pan-India wholesale network, the company is strategically positioned to deepen B2C penetration while maintaining its dominant B2B focus.As of 31 December, 2025, the company have 78 employees.
Promoters of Grover Jewells – Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs Bhawna Grover
Table of Contents
Grover Jewells IPO Details
| Grover Jewells IPO Dates | 4 – 6 February 2026 |
| Grover Jewells Issue Price | INR 83 – 88 per share |
| Fresh Issue | 38,44,800 shares (INR 31.91 – 33.83 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 38,44,800 shares (INR 31.91 – 33.83 crore) |
| Minimum Bid | 3,200 shares (INR 2,81,600) |
| Lot Size | 1,600 shares (INR 1,40,800) |
| Pre-issue Shares | 1,06,62,400 shares |
| Face Value | INR 10 per share |
| Listing On | NSE Emerge |
Grover Jewells IPO Allocation in Different Categories
Grover Jewells Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 7M FY 2026 | |
| Revenue | 255.10 | 257.91 | 460.80 | 473.19 |
| Expenses | 250.97 | 253.21 | 449.55 | 458.57 |
| Net Income | 2.71 | 2.78 | 7.62 | 10.45 |
| Margin (%) | 1.06 | 1.08 | 1.65 | 2.21 |
Grover Jewells Offer News
- Grover Jewells RHP
- Grover Jewells DRHP
- Grover Jewells Anchor Investors
- ASBA IPO Forms
- IPO Process in India
- Live IPO Subscription Status
- IPO Allotment Status
Grover Jewells Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 2.54 | 2.61 | 7.15 |
| PE ratio | – | – | 11.61 – 12.31 |
| Price/Book Ratio | 5.62 | ||
| Price/Sales Ratio | 0.28 | ||
| NAV | 5.90 | 8.51 | 15.66 |
| RONW (%) | 43.00 | 30.65 | 45.67 |
| ROCE (%) | 36.52 | 28.73 | 45.00 |
| EBITDA (%) | 1.61 | 1.82 | 2.44 |
| Debt/Equity | 0.59 | 0.46 | 0.56 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Grover Jewells IPO Anchor Investors
Grover Jewells raises () from anchor investors. Grover Jewells Anchor bid date is 3 February
| Bid Date | 3 February 2026 |
| Shares Offered | 10,94,400 shares |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | 5 March 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | 2 May 2026 |
Grover Jewells IPO GMP Today (Daily Trend)
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
Grover Jewells Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Working Capital Requirements- INR 25.34 crore
- Issue Related Expenses
- General Corporate Purposes
Grover Jewells IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of 1,93,600 shares and the anchor investor portion of 10,94,400 shares are not included in the above calculations.
Grover Jewells IPO Allotment Status
You can check Grover Jewells IPO allotment status on Maashitla’s website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Grover Jewells IPO Dates & Listing Performance
| IPO Opening Date | 4 February 2026 |
| IPO Closing Date | 6 February 2026 |
| Finalization of Basis of Allotment | 9 February 2026 |
| Initiation of refunds | 10 February 2026 |
| Transfer of shares to demat accounts | 10 February 2026 |
| Grover Jewells IPO Listing Date | 11 February 2026 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Grover Jewells IPO Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road, Kolkata-700020, West Bengal, India
Tel: 033 – 2289 5101 / 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Grover Jewells Offer Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji Subhash Place,
Pitampura, Delhi110034, India
Tel: +91-11-45121795 / 011-47581432
Email: [email protected]
Website: www.maashitla.com
Grover Jewells Contact Details
GROVER JEWELLS LIMITED
House No C-44/5 1st Floor Lawrance Road Industrial Area,
Keshavpuram Ind Area, North West, Delhi-110035, India
Tel. +91 9218012596
Email: [email protected]
Website: www.groverjewells.com
IPO Resources
- IPO Investing Rules: 10 Commandments for Better IPO Returns
- Pre-IPO Shares: All you want to know
- Difference Between Primary Market and Secondary Market
- 5 Tips for Selecting an IPO to Invest In
- IPO Process in India: All you need to know
- 7 common IPO mistakes and how to avoid them
- Confidential IPO Filings in India: Everything You Need to Know
Grover Jewells IPO FAQs
What is the Grover Jewells offer size?
Grover Jewells offer size is INR 31.91 – 33.83 crores.
What is the Grover Jewells offer price band?
Grover Jewells offer price is INR 83 – 88 per share.
What is Grover Jewells IPO GMP today?
Grover Jewells IPO GMP today is INR NA per share.
What is Grover Jewells kostak rate today?
Grover Jewells kostak rate today is INR NA per application.
What is Grover Jewells Subject to Sauda rate today?
Grover Jewells Subject to Sauda rate today is INR NA per application.