Grover Jewells IPO 2026 – Dates, Price Band, GMP, Review & Allotment Status
Latest Grey Market Premium & IPO Details
Grover Jewells IPO 2026 – Key Info & Highlights
Grover Jewells BSE IPO launched on 4 February 2026 with a price band of ₹83–₹88 per share. The IPO witnessed active investor participation during the subscription period and eventually listed with a strong gain of ₹96 per share, delivering impressive returns on debut.
📌 IPO Details
| Company Name | Grover Jewells IPO |
|---|---|
| Sector / Industry | Gems, Jewellery And Watches |
| IPO Open Date | 04-02-2026 |
| IPO Close Date | 06-02-2026 |
| Allotment Date | 09-02-2026 |
| Refund Date | 10-02-2026 |
| Share Credit Date | 10-02-2026 |
| Listing Date | 11-02-2026 |
| Price Band | ₹83 - ₹88 |
| Lot Size | 1600 Shares |
| Min Investment | ₹2,81,600 ( 2 lots Price) |
| Total Issue Size | ₹33.83 Cr |
| Reserved for Market Maker | ₹1.70 Cr |
| Net Issue Size | ₹32.13 Cr |
| Fresh Issue | ₹32.13 Cr |
| IPO Listing At | NSE SME |
| DRHP | View DRHP |
| RHP | View RHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 100.00 % |
| Promoter Holding Post IPO | 73.48% |
| Min Small HNI Lots | 4800 shares (3 lots) |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 33.25% |
| QIB (Qualified Institutional Buyers) | 18.98% |
| Anchor Investors | 28.46% |
| HNI (High Net Worth Individuals) | 14.27% |
| Reserved for Market Maker | 5.04% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 10-02-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 10-02-2026 23:20 |
| 09-02-2026 | ₹0.00 | ▼ | ₹0.00 | ₹0.00 | 09-02-2026 23:00 |
| 08-02-2026 | ₹2.60 | - | ₹90.60 | ₹4160.00 | 08-02-2026 23:20 |
📝 About Grover Jewells
Grover Jewells Limited is a Delhi-based jewellery company focused on the wholesale manufacturing and supply of gold jewellery. The company designs and produces a wide range of jewellery products including plain gold, studded, and semi-finished pieces, primarily crafted in 22K, 20K, and 18K gold to meet diverse market requirements.
The company operates with a strong manufacturing backbone, supported by two specialized production verticals—machine-made chain manufacturing and casting-based jewellery production. This integrated setup enables Grover Jewells Limited to handle bulk orders efficiently while maintaining consistent quality, modern designs, and dependable delivery timelines.
Sales operations are strategically divided into wholesale, retail, and direct consumer segments, allowing the company to cater to both large trade buyers and end customers. Its retail presence in established jewellery hubs such as Karol Bagh and Chandni Chowk strengthens its domestic market reach.
With a well-established B2B network spanning close to 20 states across India, the company has also expanded beyond domestic borders. Grover Jewells Limited has marked its presence in international markets through exports to countries including Australia and the United Arab Emirates, reflecting its growing global footprint and credibility in the jewellery industry.
Investor interest in Grover Jewells Limited IPO is steadily gaining momentum as market participants closely monitor key indicators such as IPO GMP today, Grover Jewells IPO grey market premium, and latest IPO GMP today updates. The company’s strong presence in the gold jewellery manufacturing and wholesale segment, along with its diversified product portfolio across 22K, 20K, and 18K gold jewellery, adds to its appeal among SME IPO investors.
As Grover Jewells Limited prepares for its SME IPO listing, investors are actively tracking factors like IPO subscription status, SME IPO allotment status, and listing day performance expectations. Its integrated manufacturing setup, expanding B2B jewellery network across India, and growing export footprint in markets such as UAE and Australia are viewed as positive indicators for both short-term listing gains and long-term growth potential in the secondary market.
Grover Jewells Revised Financials
Grover Jewells ipo Profit / Loss & Total Assets
| Financial Year / Period | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2023 | 255.11 | +2.71 | 11.71 |
| FY 2024 | 258.00 | +2.78 | 13.91 |
| FY 2025 | 460.95 | +7.62 | 29.85 |
| Period Ended 31 Oct 2025 | 473.21 | +10.45 | 34.17 |
Note: Financial figures are based on the Restated Financial Statements disclosed in the RHP / DRHP of Grover Jewells Limited. The period ended 31 Oct 2025 figures are unaudited / limited review as per the prospectus. All amounts are in ₹ Crore.
Grover Jewells Limited ipo – Objects of Issue
- ₹21.35 Cr – Working Capital Funding
The net proceeds will be primarily utilised to meet the company’s working capital requirements, including inventory procurement, management of receivables, and other routine operational expenses. - Remaining Amount – General Corporate Purposes
The balance proceeds will be used to support general business operations, administrative expenses, strategic initiatives, and other corporate requirements of the company.
Grover Jewells Limited ipo – Strengths
- Experienced Promoters and Management Team – The company is led by promoters with deep experience in the gold jewellery manufacturing and wholesale business, enabling effective operational and strategic decision-making.
- Integrated Jewellery Manufacturing Capabilities – In-house manufacturing allows better control over product quality, design customisation, and timely delivery to customers.
- Diversified Product Portfolio – Offers a wide range of gold jewellery including plain, studded and customised designs, catering to varied customer preferences across wholesale and retail segments.
- Strong Wholesale Distribution Network – The company has an established B2B presence across multiple states, supported by long-standing relationships with dealers and distributors.
- Consistent Financial Performance – Demonstrated steady growth in revenue and profitability, reflecting operational efficiency and effective working capital management.
Grover Jewells Limited – Top 3 Key Risks
- Gold Price Volatility – The company’s margins, inventory value, and working capital can be significantly impacted by sharp fluctuations in gold prices.
- High Working Capital Requirement – Jewellery manufacturing is capital-intensive, and any disruption in cash flows or inability to manage working capital may affect day-to-day operations and timely order fulfillment.
- Intense Industry Competition – Competition from both organised and unorganised players can put pressure on pricing, market share, and profitability.
Grover Jewells Limited
Integrated Gold Jewellery Manufacturer | Wholesale & Retail Jewellery
| Founded in: | 2021 |
|---|---|
| MD/CEO: | Mr. Deepak Kumar Grover (Managing Director) / Mr. Sunny Grover (CEO) |
| Address: | House No C-44/5 1st Floor Lawrance, Road Industrial Area Keshavpuram Ind Area, North West Delhi, – 110035 |
| Website: | www.groverjewells.com |
| Phone: | +91 9218012596 |
| Email: | cs@groverjewells.com |
| Services: | Gold Jewellery Manufacturing, Wholesale Distribution, Retail Jewellery Showrooms, Export Jewellery |
IPO Quick Info
04 Feb 2026
06 Feb 2026
Upcoming
Lead Manager(s)
- Finshore Management Services Ltd.
Frequently Asked Questions
Grover Jewells Limited is a Delhi-based company that manufactures and supplies gold jewellery mainly for the wholesale market.