Grover Jewells IPO
ListedGROVER
Grover Jewells IPO, a SME IPO was listed on the exchange on February 11, 2026. The price band is set between ₹83 –88 , with a face value of ₹10 . Retail investors can apply with a minimum of 2 lots, each comprising 1,600 shares — amounting to ₹281,600 at the upper price.
Grover Jewells IPO has been successfully listed on the exchange. Track the listing performance, current stock price, and post-listing trends. This information is for education only—not investment advice.
Grover Jewells IPO SME Important Dates
Get important updates regarding Grover Jewells IPO SME tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates. Dates are updated as soon as they are announced.
IPO Timeline
Open Date
Feb 04
Close Date
Feb 06
Allotment
Feb 09
Listing
Feb 11
Price Band & Investment Details
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)
Reserved for Market Maker
193,600 shares
(aggregating up to ₹1.70 Cr)
Issue Type
book building
Grover Jewells IPO IPO Grey Market Premium (GMP) - Live Rates & Current Status
Last updated: 2 days ago
Grover Jewells IPO IPO GMP Historical Data - Complete Track Record
| 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 |
| 07 Feb 2026 | ₹88 | ₹2.6 | ₹90.6 | ₹2.6 |
2.95%
|
5:30 PM |
| 06 Feb 2026 | ₹88 | ₹2.6 | ₹90.6 | ₹2.6 |
2.95%
|
2:58 PM |
| 05 Feb 2026 | ₹88 | ₹2.5 | ₹90.5 | ₹2.5 |
2.84%
|
4:28 PM |
| 04 Feb 2026 | ₹88 | ₹2.5 | ₹90.5 | ₹2.5 |
2.84%
|
12:09 PM |
| 03 Feb 2026 | ₹88 | ₹0 | ₹88 | ₹0 |
0%
|
3:34 PM |
| 02 Feb 2026 | ₹88 | ₹0 | ₹88 | ₹0 |
0%
|
4:28 PM |
| 01 Feb 2026 | ₹88 | ₹0 | ₹88 | ₹0 |
0%
|
6:10 PM |
Subscription (Latest Snapshot)
View Detailed SubscriptionLatest snapshot: Feb 06, 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 | — |
Registrar
- Registrar
- Maashitla Securities Private Limited (SEBI Reg. No.: INR000004370)
- Registrar Phone
- +91-11-45121795-96
- Registrar Email
- ipo@maashitla.com
- Registrar Address
- 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi - 110034, India
Promoter Holding
Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover are the company promoters.
Grover Jewells IPO Investment Limits
IPO investment limits, also referred to as application limits or bidding limits, define the minimum and maximum number of shares, lots, and investment amount that investors can apply for in an IPO based on their category (Retail, HNI, or Institutional). These limits are calculated as per SEBI guidelines and help ensure fair distribution of shares. Retail investors typically have lower minimum and maximum limits compared to High Net Worth Individuals (HNI) and Non-Institutional Investors (NII). Understanding IPO application limits is essential for investors to determine how much they can invest, calculate the number of lots they can apply for, and plan their investment strategy accordingly. The investment limits table shows the lot size, number of shares, and total amount in rupees for each investor category.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹281,600 |
| Retail (Max) | 1 | 1,600 | ₹140,800 |
| 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 |
IPO Reservation
The IPO reservation structure, also known as share allocation breakdown, details how the total issue size is distributed among different investor categories as mandated by SEBI (Securities and Exchange Board of India) regulations. This reservation table shows the exact percentage and number of shares allocated to Qualified Institutional Buyers (QIB), Retail Individual Investors (RII), High Net Worth Individuals (HNI), Non-Institutional Investors (NII), and other reserved categories like employees and shareholders. Understanding IPO reservation percentages is crucial for investors to evaluate their probability of share allotment, as each category has different subscription levels and competition. The maximum allottees column indicates the cap on the number of investors who can receive shares in each category, helping you assess the likelihood of getting an allotment based on your investor category.
| Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Market Maker Shares Offered | 193,600 (5.04%) | NA |
| QIB Shares Offered | 1,824,000 (47.44%) | NA |
|
•
Anchor Investor Shares Offered
|
1,094,400 (28.46%) | NA |
|
•
QIB (Ex. Anchor) Shares Offered
|
729,600 (18.98%) | NA |
| NII (HNI) Shares Offered | 548,800 (14.28%) | NA |
|
•
bNII > ₹10L
|
364,800 (9.49%) | NA |
|
•
sNII < ₹10L
|
184,000 (4.79%) | NA |
| Retail Shares Offered | 1,278,400 (33.24%) | NA |
| Total Shares Offered | 3,844,800 (100.00%) | — |
Grover Jewells Limited Overview
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).
- Strong B2B network across ~20 Indian states and international exports (UAE, Australia).
- Use of digital platforms (Mobile App) for B2B ordering and design browsing.
Growth: The company has seen significant growth in revenue, nearly doubling from FY24 to FY25, and maintains high ROCE/ROE (approx. 45-59%)
- Founded In
- 2021
- Managing Director
- Mr. Deepak Kumar Grover
- Headquarters
- House No C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Ind Area, North West, Delhi - 110035, India
- Website
- groverjewells.com
- Industry
- Jewellery Manufacturing
Financial Summary (₹ 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 |
| Net Worth | 6.29 | 9.07 | 16.69 |
Frequently Asked Questions
What are the Grover Jewells IPO dates?
The Grover Jewells IPO is expected to open in February, 2026, subject to SEBI approval. Final dates will be updated once announced officially.
What is the price band of Grover Jewells IPO?
The price band for Grover Jewells IPO is ₹83.00 - ₹88.00 per share.
What is the GMP today for Grover Jewells IPO?
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.
How much subscription has happened for Grover Jewells IPO?
The subscription status for Grover Jewells IPO stands at 19.17x overall.
When is the Grover Jewells IPO listing date?
The listing date for Grover Jewells IPO is February 11, 2026.
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