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Grover Jewells IPO is an SME IPO with Fresh issue only and Book Built Issue. The company will raise upto 33 crore 83 lakh 42 thousand 4 hundred for 38,44,800 shares from the IPO. The IPO issue size is 38,44,800 shares (aggregating up to 33 crore 83 lakh 42 thousand 4 hundred), fresh issue: 38,44,800 shares (aggregating up to 33 crore 83 lakh 42 thousand 4 hundred) and offer for sale: NIL.
is the lead manager and Maashitla Securities Pvt Ltd is the registrar of IPO.
The IPO will open for subscription on 4 February 2026 and close on 6 February 2026. The basis of allotment will be decided on 9 February 2026 and Grover Jewells IPO shares will be listed on 11 February 2026 at NSE SME.
Price band for IPO is ₹83 to ₹88 per share, minimum and maximum amount required for retail investor is ₹2,81,600 (3,200 shares, 2 lots), minimum amount required for sHni investor is ₹4,22,400 (4,800 shares, 3 lots) and maximum amount for which shni investor can apply for is ₹9,85,600 (11,200 shares, 7 lots). Minimum amount required for bHni investor is ₹11,26,400 (12,800 shares, 8 lots).
Grover Jewells IPO Details, Price, Market Lot
Grover Jewells IPO Details |
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| Issue (Sale Type) | |
| Fresh Issue | |
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Grover Jewells IPO Price |
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| has set a price band of , lot size is of and face value is . | |
| Face Value | |
| Price Band | ₹83 to ₹88 per share |
| Lot Size | 1,600 shares |
| IPO Issue Type | |
Grover Jewells IPO Time Table |
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| IPO will open for subscription on and close on . Basis of Allotment will be decided on , initiation of refund will begin on and IPO will be listed on at . | |
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Grover Jewells IPO Reservation |
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| Total shares offered by IPO is . Out of which is reserved for retail, is reserved for HNI (NII), is reserved for QIB, and is reserved for market maker . | |
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Company Promotor & Promotor's Holding |
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Grover Jewells IPO Registrar |
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Grover Jewells IPO Lead Manager |
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| is the book running lead manager, is the registrar and the market maker of the IPO | |
IPO Financial Indicator (valuations) |
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Grover Jewells IPO P/E ratio and EPS |
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Grover Jewells IPO Lot Size and Required Amount
has set a price band of and lot size is of . Retail investors can bid for a minimum and maximum of lots ( shares), requiring an investment of . Small HNI (sHNI) investors can bid for a minimum of lots ( shares), requiring an investment of and maximum of lots ( shares), requiring an investment of . Big HNI (bids > 10 Lakh, bHNI) investors can bid for a minimum of Lots ( shares), requiring an investment of . Calculated at the cut-off price (the upper end of the price band).
| Number of Shares Per Lot = | |||
| Application | Lot(s) | Shares | Amount |
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| Number of Shares Per Lot = | |||
| Application | Lot(s) | Shares | Amount |
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Grover Jewells Financials
| 31 Oct 25 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | 31 Mar 23 In Cr. | |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Revenue | 473.22 | 460.95 | 258 | 255.11 |
| Profit After Tax | 10.45 | 7.62 | 2.78 | 2.71 |
| EBITDA | 14.62 | 11.26 | 4.71 | 4.1 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Total Borrowing | 28.3 | 9.34 | 4.17 | 3.74 |
| Reserves & Surplus | 16.48 | 14.03 | 6.41 | 3.63 |
Grover Jewells IPO Listed Peers Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Shanti Gold International | 20.71(Shanti) | 10.34(Shanti) | (Shanti) | 21.13(Shanti) | 36.56(Shanti) | 9.14(Shanti) |
| Retaggio Industries | 9.08(Retaggio) | 2.60(Retaggio) | (Retaggio) | 13.51(Retaggio) | 11.57(Retaggio) | 2.85(Retaggio) |
| RBZ Jewellers | 14.18(RBZ) | 9.70(RBZ) | (RBZ) | 61.26(RBZ) | 15.86(RBZ) | 2.20(RBZ) |
| Utssav CZ Gold Jewels | 19.01(Utssav) | 11.63(Utssav) | (Utssav) | 53.23(Utssav) | 19.76(Utssav) | 4.17(Utssav) |
| Grover Jewells | (Grover) | 7.15(Grover) | (Grover) | 15.66(Grover) | 45.67(Grover) | (Grover) |
About Grover Jewells
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Objects of the Issue
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Grover Jewells IPO Subscription Status
Currently there is no any subscription data available for IPO. IPO subscription Status data will be available on because IPO will open for subscription on and close on .
| Contact & Address | |
| Address: Phone: Email: Website: |
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| IPO Prospectus | |
Grover Jewells IPO Review (Strength & Weakness)
Grover Jewells IPO FAQs
Grover Jewells IPO is an SME IPO. The company will raise upto 33 crore 83 lakh 42 thousand 4 hundred for 38,44,800 shares. Face value is ₹10 per share, Price band is ₹83 to ₹88 per share, and cutt off price is ₹88 per share. The IPO opens on 4 February 2026 and closes on 6 February 2026. Maashitla Securities Pvt Ltd is the registrar and shares of Grover Jewells IPO will be listed at NSE SME.
The issue size of IPO is 38,44,800 shares (aggregating up to 33 crore 83 lakh 42 thousand 4 hundred). For fresh issue: 38,44,800 shares (aggregating up to 33 crore 83 lakh 42 thousand 4 hundred) and for offer for sale: NIL.
Price band for IPO is ₹83 to ₹88 per share.
The lot size of Grover Jewells IPO is of 1600. Minimum order quantity for retail investor is 3,200 shares (2 lots) and required amount is ₹2,81,600. Minimum order quantity for sHNI is 4,800 shares ( lots) and required amount is ₹4,22,400. Minimum order quantity for bHNI investor is 12,800 shares ( lots) and required amount is ₹11,26,400.
The investors portion reserved for QIB is 18,24,000 shares (47.44%), reserved for HNI is 5,48,800 shares (14.27%) and 12,78,400 shares (33.25%) reserved for retail investors.
The IPO will be available for subscription from 4 February 2026 to 6 February 2026. IPO open date is 4 February 2026 and close date is 6 February 2026.
Allotment date for IPO is 9 February 2026. On the allotment date, after the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Maashitla Securities Pvt Ltd.
The IPO will be listed on 11 February 2026 at NSE SME.