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GROVER · NSE · Jewellery Manufacturing
Grover Jewells IPO listed on 11 Feb 2026 on NSE at ₹96.00, a gain of 9.09% over the issue price of ₹88.00. The IPO was subscribed 19.17x overall.
Grover Jewells IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 04 Feb 2026 |
| IPO Close Date | 06 Feb 2026 |
| Basis of Allotment | 09 Feb 2026 |
| Initiation of Refunds | 10 Feb 2026 |
| Credit of Shares to Demat | 10 Feb 2026 |
| Listing Date | 11 Feb 2026 |
Listing day gain
+9.09%
Listed at ₹96 (issue ₹88)
Issue
₹88
Listing
₹96
Current
₹100.8
+14.55% vs issue
Day range
₹91.4 – ₹100.8
Issue Size
3,844,800 shares
(aggregating up to ₹34.00 Cr)
Issue Price
₹83 – ₹88
Face Value
₹10/share
Market Lot
1,600 shares
Retail Min Investment
₹281,600
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
3,651,200 shares
(aggregating up to ₹32 Cr)
Offer for Sale
[.]
Reserved for Market Maker
193,600 shares
(aggregating up to ₹1.70 Cr)
Issue Type
book building
Open Date
04 Feb
Close Date
06 Feb
Allotment
09 Feb
Listing
11 Feb
Last updated: 7 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 09 Feb 2026 Latest | ₹88 | ₹2.6 | ₹90.6 | ₹2.6 |
2.95%
|
1:19 PM |
| 08 Feb 2026 | ₹88 | ₹2.6 | ₹90.6 | ₹2.6 |
2.95%
|
4:45 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 06 Feb 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 11.32x | - |
| NII | 37.57x | - |
| bNII (bids above ₹10L) | 44.63x | - |
| sNII (bids below ₹10L) | 23.56x | - |
| Retail Investors | 15.76x | - |
| Total | 19.17x | - |
Showing the latest subscription snapshot.
View full subscription historyMr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹281,600 |
| Retail (Max) | 2 | 3,200 | ₹281,600 |
| S-HNI (Min) | 3 | 4,800 | ₹422,400 |
| S-HNI (Max) | 7 | 11,200 | ₹985,600 |
| B-HNI (Min) | 8 | 12,800 | ₹1,126,400 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 193,600 (5.04%) |
| QIB Shares Offered | 1,824,000 (47.44%) |
|
•
Anchor Investor Shares Offered
|
1,094,400 (28.46%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
729,600 (18.98%) |
| NII (HNI) Shares Offered | 548,800 (14.28%) |
|
•
bNII > ₹10L
|
364,800 (9.49%) |
|
•
sNII < ₹10L
|
184,000 (4.79%) |
| Retail Shares Offered | 1,278,400 (33.24%) |
| Total Shares Offered | 3,844,800 (100.00%) |
Grover Jewells specializes in manufacturing and designing wholesale gold jewellery, including plain, studded, and semi-finished pieces in 18K, 20K, and 22K gold. It operates through showrooms in Karol Bagh and Chandni Chowk, Delhi.
Strengths: Integrated in-house manufacturing facility (1,003 sq. meters in Delhi).
Growth: The company has seen significant growth in revenue, nearly doubling from FY24 to FY25, and maintains high ROCE/ROE (approx. 45-59%)
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 255.11 | 258 | 460.95 |
| Profit After Tax (PAT) | 2.71 | 2.78 | 7.62 |
| EBITDA | 4.1 | 4.71 | 11.26 |
| Total Assets | 11.71 | 13.91 | 29.85 |
| Net Worth | 6.29 | 9.07 | 16.69 |
| Reserves & Surplus | 3.63 | 6.41 | 14.03 |
| Total Borrowing | 3.74 | 4.17 | 9.34 |
Revenue & Profit Trend
The basis of allotment for Grover Jewells IPO was finalised on 09 Feb 2026. You can check your allotment status using your PAN number or application number on the Maashitla Securities Pvt. ltd. portal or BSE.
The Grover Jewells IPO is expected to open in Feb 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Grover Jewells IPO is ₹83.00 - ₹88.00 per share.
As per market sources, Grover Jewells IPO GMP is currently ₹2.60. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Grover Jewells IPO stands at 19.17x overall.
The listing date for Grover Jewells IPO is 11 Feb 2026.
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