Grover Jewells IPO Details
The Grover Jewells IPO is a book build issue with a total issue size of ₹34 cr Grover Jewells IPO opened for subscription on Feb 04, 2026 and closed on Feb 06, 2026. Grover Jewells IPO is set price band at ₹83 to ₹88 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹281,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 09, 2026, and listed on the NSE on Feb 11, 2026.
Maashitla Securities Pvt. Limited has been appointed as the registrar. Finshore Management Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Grover Jewells IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 83 – 88
- Lot Size
- 1600
- Issue Size
- ₹34 Cr
- Minimum Investment
- ₹281600 (3200 Shares)
- Listing Date
- 11 February 2026
Current GMP
₹2 (+2.27%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Grover Jewells Limited
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and design of a diverse range of wholesale gold jewellery. The company offers an extensive product portfolio comprising plain gold jewellery, studded jewellery, and semi-finished jewellery, primarily crafted in 22 Karat, 20 Karat, and 18 Karat gold.
Grover Jewells Limited supplies both hallmarked and non-hallmarked jewellery and operates through two retail showrooms strategically located at Karol Bagh, New Delhi, and Chandni Chowk, Delhi.
The company’s operations are broadly divided into two key manufacturing segments:
- Machine-made chain manufacturing, catering to high-volume requirements, and
- Casting jewellery production, focused on contemporary and fashion-oriented designs.
This dual-segment approach enables the company to maintain consistent product quality while ensuring timely delivery across varied customer demands.
For operational and reporting purposes, Grover Jewells Limited classifies its sales into three divisions:
- Wholesale sales,
- Retail sales, and
- Consumer sales.
Headquartered in Delhi, the company has developed a robust B2B distribution network spanning approximately 20 states across India. In addition to its domestic presence, Grover Jewells Limited has expanded its international reach through exports to Australia and the United Arab Emirates (U.A.E.).
As of August 31, 2025, the company employed 68 personnel, supporting its manufacturing, sales, and administrative operations.
Grover Jewells IPO Promoters
- Mr. Deepak Kumar Grover
- Mr. Lavkesh Kumar Grover
- Mrs. Bhawna Grover
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.48%
Grover Jewells IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Working Capital Requirements
- General corporate purposes
Address / Contact Info
Grover Jewells Ltd. Address
House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area, North West
Delhi, New Delhi, 110035
Email ID:cs@groverjewells.com
Tel No: +91 9218012596
Website:http://www.groverjewells.com/
IPO Snapshot
Book Running Lead Managers
- Finshore Management Services Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Grover Jewells IPO is a Book-building IPO with a total issue size of ₹34 crore. The Grover Jewells IPO price band is ₹83 to 88 per share. The Grover Jewells IPO subscription opens on Wed, Feb 4, 2026, and closes on Fri, Feb 6, 2026. The Grover Jewells IPO will be listed on the NSE. Maashitla Securities Pvt. Limited is the registrar for the Grover Jewells IPO.
The Grover Jewells IPO opens on Wed, Feb 4, 2026 and closes on Fri, Feb 6, 2026
Grover Jewells IPO Price Band is ₹83 to 88 per share.
Grover Jewells IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹281600 based on the upper price band
The minimum investment for Grover Jewells IPO is ₹281600, based on one lot of 1600 shares at the upper price band of ₹88 per share.
Investors can apply for the Grover Jewells IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 6, 2026. The application amount remains blocked until the Grover Jewells IPO allotment is finalized.
Grover Jewells IPO issue size is ₹34 crores.
Grover Jewells IPO allotment date is Wed, Jul 1, 2026.
The registrar for Grover Jewells IPO is Maashitla Securities Pvt. Limited. Investors can go to Maashitla Securities Pvt. Limited website to check Grover Jewells IPO allotment status, refund processing, and other IPO-related information.
The Grover Jewells IPO GMP (Grey Market Premium) is ₹0 as of Wed, Feb 11, 2026. Based on the upper price band of ₹88 per share, the estimated Grover Jewells IPO listing price is ₹88, indicating a potential listing gain of approximately 0% over the issue price.