Grover Jewells
11 Feb '26SME
Min. Investment
₹2,65,600
Issue size
₹33.83 Cr
GMP
Locked
Overall subscription: 17.81x
Check allotment status
Expert verdict
IPO dates
04 Feb
Opening
06 Feb
Closing
09 Feb
Allotment
11 Feb
Listing
*Refunds will be initiated on 10 Feb '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3200 | ₹2,81,600 |
Subscription (as on 31 March 2026, 01:30 PM)
Overall17.81x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
Founded: 2021|MD: Mr Deepak Kumar Grover
- Grover Jewells Limited is involved in the manufacturing and designing of gold jewellery, primarily catering to wholesale markets.
- The company manufactures a range of gold jewellery products, including plain gold, studded, and semi-finished jewellery, mainly in 22 Karat, 20 Karat, and 18 Karat gold. Its product portfolio includes gold chains, bangles, rings, necklaces, and complete jewellery sets. In addition to wholesale operations, the company sells hallmarked and non-hallmarked jewellery through two showrooms located in Karol Bagh, New Delhi, and Chandni Chowk, Delhi. Grover Jewells also undertakes job work, where it converts gold and designs provided by smaller jewellers into finished jewellery, earning labour charges for this activity.
- According to the RHP, the company operates a fully integrated, in-house manufacturing facility situated at Lawrence Road Industrial Area, Delhi. The facility houses machinery used for casting, melting, finishing, and packaging, and supports design, manufacturing, and related operations under one roof.
Issue Details & Objective
Lot size
1600 Shares
Price band
₹83 to 88
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 28.42%
QIB - 18.98%
HNI - 14.27%
Retail - 33.29%
Download DRHP (IPO Doc)FAQs
Should I apply for the Grover Jewells IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Grover Jewells IPO?
The issue size of Grover Jewells IPO is ₹33.83 Cr
What are the open and close dates for Grover Jewells IPO?
The Grover Jewells IPO will be open for applications from 04 Feb '26 to 06 Feb '26
What is the lot size and minimum order quantity of Grover Jewells IPO?
The lot size of Grover Jewells IPO is 1600 Shares and its minimum investment amount is ₹2,65,600.
What is the GMP value of Grover Jewells IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Grover Jewells IPO is 2.84
