Grover Jewells IPO
Grover Jewells IPO is a book built issue of ₹27,52,000 crores. The issue is entirely a fresh issue. The subscription opens on 04 Feb '26 and closes on 06 Feb '26, with the basis of allotment expected to be finalised on 09 Feb '26. The shares are scheduled to list on NSE with a tentative listing date fixed for 11 Feb '26. The price band is set at ₹83 to ₹88 per share with a minimum lot size of 1,600 shares. Finshore Management Services Ltd. is the book-running lead manager, while Maashitla Securities Pvt.Ltd. is the registrar of the issue; for detailed information, refer directly to the official Grover Jewells IPO RHP.
Free Demat with Zero AMC*
Grover Jewells IPO Subscription Breakdown
| Investory Category | Subscription Percentage | Amount Raised (₹ Crores) |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 50% | 13,76,000 crores |
| Non-Institutional Investors (NIIs) | 15% | 4,12,800 crores |
| Retail Individual Investors (RIIs) | 35% | 9,63,200 crores |
About Grover Jewells Ltd 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.
Grover Jewells IPO Strengths & Weaknesses
Diversified jewellery product portfolio including plain gold and studded jewellery.
Presence across wholesale
retail
and consumer segments.
Strong B2B network across 20 states and exports to UAE and Australia.
Dual manufacturing capabilities (chain and casting).
Consistent revenue growth.
Improving profitability metrics.
Grover Jewells IPO Issue Details
| Issue Composition: | |
|---|---|
| Face Value | ₹10 per share |
| Total Issue Size | 27,52,000 shares (aggregating up to ₹2,81,600 crores) |
| Fresh Issue | 3.2 shares (aggregating up to ₹32 crores) |
| Offer for Sale | 0 shares of ₹10 (aggregating up to To be announced) |
| Issue Type | Bookbuilding IPO |
| Post-Issue Shareholding Pattern: | |
|---|---|
| Pre-Issue Shareholding | 100 shares |
| Post-Issue Shareholding | 73.48 shares |
Grover Jewells IPO Shares
| Minimum Shares | Maximum Shares |
|---|---|
| -- | -- |
The lot size of Grover Jewells ipo has been designed to ensure broad participation while maintaining optimal price discovery.
How to Apply for Grover Jewells IPO
- Log in to your Choice account
- Select IPO
- Enter the number of lots and your price
- Verify UPI ID
- Complete the transaction on your UPI app
Grover Jewells IPO Contact & Registrar Details
Contact Details
Address
House No C-44/5 1st Floor Lawrance, Road Industrial Area Keshavpuram Ind Area, North West Delhi
Phone Number
Website
Registrar Details
Registrar Name
Maashitla Securities Pvt.Ltd.
Phone Number
Grover Jewells Lead Manager(s)
| Book Running Lead Manager(s) |
|---|
| Finshore Management Services Ltd. |
