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Open
4 Feb 2026
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Close
6 Feb 2026
3
Allotment
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Listing
Wed, Feb 11, 2026
Price Band
₹83 to ₹88
Issue Size
38,44,800 shares (agg. up to ₹34 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, Feb 11, 2026
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
11-02-2026₹0Est. ₹88+0%
10-02-2026₹0Est. ₹88+0%
09-02-2026₹0Est. ₹88+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 13.73x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Total Income | 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 Borrowing | 28.30 | 9.34 | 4.17 | 3.74 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Luxury Time Ltd. | SME | ₹18.74 Cr | ₹82 | 12.57 | ₹163.59 | +99.50% | ₹69.40 (+4.99%) |
| Pushpa Jewellers Ltd. | SME | ₹98.65 Cr | ₹147 | 12.44 | ₹117.60 | -20.00% | ₹118.05 (-0.13%) |
| AJC Jewel Manufacturers Ltd. | SME | ₹15.39 Cr | ₹95 | 12.73 | ₹95.39 | +0.41% | ₹105.33 (+4.99%) |
| Manoj Jewellers Ltd. | SME | ₹16.20 Cr | ₹54 | 9.97 | ₹53.77 | -0.43% | ₹31.80 (-3.64%) |
| Kenrik Industries Ltd. | SME | ₹8.75 Cr | ₹25 | 20.74 | ₹26.26 | +5.04% | ₹7.87 (+4.93%) |
| Retaggio Industries Ltd. | SME | ₹15.50 Cr | ₹25 | 7.01 | ₹25.20 | +0.80% | ₹50.87 (+4.99%) |
| Divine Hira Jewellers Ltd. | SME | ₹31.84 Cr | ₹90 | null | ₹85.50 | -5.00% | ₹112.40 (-0.44%) |
| Shringar House of Mangalsutra Ltd. | Mainboard | ₹400.92 Cr | ₹165 | 19.47 | ₹184.88 | +12.05% | ₹226.03 (+0.73%) |
| BlueStone Jewellery & Lifestyle Ltd. | Mainboard | ₹1,540.65 Cr | ₹517 | null | ₹546.00 | +5.61% | ₹605.20 (-3.42%) |
| Shanti Gold International Ltd. | Mainboard | ₹360.11 Cr | ₹199 | 19.24 | ₹229.38 | +15.27% | ₹213.16 (+0.05%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 25.34 |
| 2 | General Corporate Purposes | 4.50 |
| 3 | Issue Expenses | 3.99 |
| Total | 33.83 |
About Grover Jewells IPO
Incorporated 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. As of August 31, 2025, the company employed 68 individuals.+ Read More
Contact Details
Grover Jewells Ltd. AddressHouse No C-44/51st Floor Lawrance, Road Industrial AreaKeshavpuram Ind Area, North WestDelhi, New Delhi, 110035+91 9218012596cs@groverjewells.comVisit Website