Grover Jewells IPO GMP & Review: Apply or Avoid? Key Details for Investors

Grover Jewells IPO is open for bidding from 4th February 2026 to 6th February 2026. It is a bookbuilding IPO of ₹33.83 crore, comprising an entirely fresh issue of 0.38 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 11th February 2026. 

Grover Jewells IPO Details 

The Grover Jewells IPO date is fixed between 4th February 2026 to 6th February 2026. The face value of Grover Jewells shares stands at ₹10 per share, and the IPO Issue price band is set at ₹83 to ₹88 per share

Maashitla Securities Private Limited is the registrar of the Grover Jewells IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Grover Jewells IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.38 crore shares worth ₹88.02 crore. Grover Jewells IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Grover Jewells IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Grover Jewells IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 4th February 2026, Grover Jewells IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹88.00 on its tentative listing date, 11th February 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Grover Jewells IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Grover Jewells IPO GMP Review

Check out the detailed Grover Jewells GMP IPO review for a thorough understanding of its potential to report listing gains on 11th February 2026. The Grover Jewells IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Grover Jewells IPO.

Grover Jewells Limited’s revenue increased by 16.99% from ₹258.00 crores in March 2024 to ₹301.85 crores in March 2025. Moreover, the company’s PAT increased by 174.10% from ₹2.78 crores in March 2024 to ₹7.62 crores in March 2025.

Grover Jewells’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Grover Jewells IPO, with its tentative listing day set for 11th February 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Grover Jewells IPO.

The P/E ratio of Grover Jewells Limited shares is 12.31, and its Earnings Per Share (EPS) stands at 7.15. Thus, the Grover Jewells IPO can deliver gains on its tentative listing date, 11th February 2026. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Grover Jewells Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Grover Jewells IPO Subscription Status

The Grover Jewells IPO will open for bidding on 4th Fenruary 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Grover Jewells IPO Subscription Status. 

About Grover Jewells Limited

Grover Jewells Limited was establised in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery. The company’s product portfolio includes plain gold, studded, and semi-finished jewellery, primarily available in 22 Karat, 20 Karat, and 18 Karat. It also offers hallmarked and non-hallmarked jewellery through its two showrooms located at Karol Bagh, New Delhi, and Chandni Chowk, Delhi. The company operates across two key segments — machine-made chain manufacturing and casting jewellery production — enabling it to cater to both high-volume demand and contemporary fashion-oriented designs with consistent quality and timely delivery. For operational clarity, Grover Jewells Limited categorizes its sales into three divisions: wholesale sales, retail sales, and consumer sales. Headquartered in Delhi, the company has established a strong B2B network across approximately 20 states in India and has expanded its footprint internationally with exports to Australia and the U.A.E.

Grover Jewells Limited Financials

The company’s financial analysis is essential before applying for the Grover Jewells IPO. See the table for Grover Jewells Limited’s financials. 

Explanation

Grover Jewells Limited’s revenue increased by 16.99% from ₹258.00 crores in March 2024 to ₹301.85 crores in March 2025. Moreover, the company’s PAT increased by 174.10% from ₹2.78 crores in March 2024 to ₹7.62 crores in March 2025.

Grover Jewells Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Grover Jewells IPO

The primary aim of the Grover Jewells IPO is to raise ₹33.83 crores. On the other hand, Grover Jewells has decided to utilise these funds in different ways.

• To Working Capital Requirements
• To General Corporate Expenses.

Should I Invest in the Grover Jewells IPO?

Explore the pros and cons of Grover Jewells to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Grover Jewells IPO

• The company has established business with revenue growth
• The company has a presence in a traditional, steady-demand industry
• The company has reasonable valuation metrics for a growing SME

Cons of the Grover Jewells IPO

• The company has a sizeable minimum investment
• The company has an profit margins are modest
• The company has a SME IPO risks & liquidity

How to Apply for the Grover Jewells IPO?

Check the steps mentioned below to apply for Grover Jewells Ltd.

• Step 1: Conduct thorough research on the Grover Jewells IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 3,200 shares worth ₹2,81,600
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Grover Jewells IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Grover Jewells IPO Allotment Status?

You can check for the Grover Jewells IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On NSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Grover Jewells IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Grover Jewells IPO allotment status.

Let’s Wrap

Grover Jewells IPO is a bookbuilding issue of shares worth ₹33.83 crores. The shares of Grover Jewells Limited will be listed on NSE and SME on its tentative listing date of 11th February 2026. Researching the Grover Jewells IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Grover Jewells IPO

How is the Grover Jewells IPO?

Ans. Currently, on 4th February 2026, the Grover Jewells GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹88 per share. It is a bookbuilding IPO of ₹33.83 shares. The face value of each Grover Jewells share is ₹10 per share. 

What is the Grover Jewells IPO price?

Ans. The Grover Jewells IPO issue price band is set at ₹83 to ₹88 per share. 

Is the Grover Jewells IPO a good investment?

Ans. Grover Jewells Limited’s revenue increased by 16.99% from ₹258.00 crores in March 2024 to ₹301.85 crores in March 2025. Moreover, the company’s PAT increased by 174.10% from ₹2.78 crores in March 2024 to ₹7.62 crores in March 2025.

Who is the registrar of the Grover Jewells IPO?

Ans. Maashitla Securities Private Limited is the registrar for the Grover Jewells IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Grover Jewells allotment and refund, you can contact Maashitla Securities Private Limited at info@bigshareonline.com or at +91-22-6263 8200.

What is the issue size of the Grover Jewells IPO? 

Ans. Grover Jewells IPO is a bookbuilding IPO of ₹33.83 crores. Moreover, the IPO is set to open on 4th February 2026 and close on 6th February 2026. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Grover Jewells IPO, download the Grover Jewells IPO RHP and Grover Jewells IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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