Grover Jewells IPO Listing at 9% Premium at ₹96.00 Per Share

Posted by : Neeraj Pandey | Wed Feb 11 2026

Grover Jewells IPO Listing Today: The Grover Jewells IPO was subscribed 19.16 times at the time of its closing. In this subscription, qualified institutional buyers (QIBs) received 11.32 times, and non-institutional investors (NIIs) received 37.57 times. The retail quota of the issue was subscribed to 33.29%. Before delving deeper into the topic, go through the details of the Grover Jewells IPO.

Table of Contents

Grover Jewells IPO

It is a book-building issue IPO of ₹33.83 crore, comprising an entirely fresh issue of 0.19 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 11th February 2026. The Grover Jewells IPO date is scheduled from 4th January 2026 to 6th January 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

IPO Allotment Date	9th February 2026
IPO Open Date	4th January 2026
IPO Close Date	6th February 2026
Refund Initiation	10th February 2026
Issue Size	38,44,800 shares(agg. up to ₹34 Cr)
Face Value	₹10 per share
Lot Size	1,600 Shares
Issue Price	₹83 to ₹88 per share
Issue Type	Bookbuilding IPO
Listing At	NSE SME
Listing Date	11th February 2026

Grover Jewells Listing

On the NSE & SME platforms, Grover Jewells shares are listed at ₹96.00 per share, reflecting a 9% premium over the issue price of ₹88 per share.

About the Grover Jewells IPO

Grover Jewells Limited was established 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 categorises its sales into three divisions: wholesale, retail, and consumer. 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.

Year Ended	31st Oct 2025 (in cr.)	31st March 2025 (in cr.)	31st March 2024 (in cr.)	31st March 2023 (in cr.)
Assets	67.51	29.85	13.91	11.71
Revenue	473.22	460.95	258.00	255.11
Profit After Tax	10.45	7.62	2.78	2.71
EBITDA	14.62	11.26	4.71	4.10
Net Worth	27.14	16.69	9.07	6.29
Reserves and Surplus	16.48	14.03	6.41	3.63
Total Borrowings	28.30	9.34	4.17	3.74

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.