IPO Issue Details
Issue Price / Price Band₹88 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size38,44,800 shares (agg. up to ₹34 Cr)
Issue TypeBook Built Issue
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 04 Feb 2026
Subscription CloseFri, 06 Feb 2026
Anchor AllotmentTue, 03 Feb 2026
Basis of AllotmentMon, 09 Feb 2026
Initiation of RefundsTue, 10 Feb 2026
Credit of Shares to DematTue, 10 Feb 2026
Listing DateWed, 11 Feb 2026
UPI Mandate Deadline5:00 PM on 06 Feb 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,81,600 — 3,200 shares
Retail — Max (13 Lots)₹1,830,400 (13 Lots)
HNI — Min (3 Lots)₹4,22,400 — 4,800 shares
EPS (Pre-IPO)₹7.15
EPS (Post-IPO)₹12.35
P/E Ratio (Pre-IPO)12.31x
P/E Ratio (Post-IPO)7.12x
Net Offer to Public36,51,200 shares (agg. up to ₹32 Cr)
Reserved for Market Maker1,93,600 shares (agg. up to ₹2 Cr)
Pre-IPO Promoter Holding1,06,62,400 shares
Post-IPO Promoter Holding1,45,07,200 shares
About Grover Jewells Ltd
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.
Objects of the Issue
Grover Jewells Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirements
21.35
2
General corporate purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,06,62,400 shares
Post-IPO Promoter Holding
1,45,07,200 shares