Grover Jewells IPO

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Grover Jewells IPO Details

  • Bidding Date

    04-Feb-2026 to
    06-Feb-2026

  • Issue Size

    ₹33.83 Cr

  • Price Band

    ₹83 to ₹88

  • Allotment date

    09-Feb-2026

  • Listing date

    11-Feb-2026

  • Lot size

    1600

  • No. of shares

    38,44,800

  • Fresh issue/OFS

    ₹33.83 Cr /--

About Grover Jewells Company

Grover Jewells Limited, tracing operational roots to 2008 under proprietorship founded by Deepak Kumar Grover and formally incorporated in October 2021 in Delhi, began with basic gold chain production using two machines before diversifying into mass production (2009), casting jewelry (2012), and premium designs including plain, studded, semi-finished pieces in 22K, 20K, and 18K gold, offered hallmarked or non-hallmarked. The business evolved across machine-made chains and casting segments, supported by two Delhi showrooms in Karol Bagh and Chandni Chowk, serving wholesale (B2B primary), retail, and consumer divisions with a network spanning 20 Indian states plus exports to Australia and UAE. Core focus remains wholesale gold jewelry manufacturing and design, with primary products encompassing high-volume chains and fashion-oriented cast items for consistent quality delivery. Key expertise includes efficient production processes and timely supply, strengthened by family-led craftsmanship blending tradition with modern innovation. It caters to domestic wholesalers and international buyers through a trust-based B2B model, emphasizing reliable quality, strategic market expansion, and customer relationships to navigate jewelry sector demands for purity and design variety.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

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  • Total

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FAQs for Grover Jewells IPO.

The issue size of Grover Jewells is ₹33.83 Cr.

Grover Jewells falls into Fashion Accessories industry.

The Grover Jewells IPO will be listed on BSE.

The open and close dates for the Grover Jewells are 04-Feb-2026 & 06-Feb-2026.

The price band for the Grover Jewells ipo is ₹83 to ₹88

The listing date of Grover Jewells IPO is 11-Feb-2026.

The purpose of this IPO is to raise fresh capital.

Key financial of the Grover Jewells are:


Grover Jewells FY-25 FY-24 FY-23
Revenue (₹ Cr) 460.8 257.91 255.1
EBIT (₹ Cr) 10.05 3.65 3.61
Proft after Tax (₹ Cr) 7.62 2.78 2.71
Debt (₹ Cr) 9.34 4.17 3.74
Net Worth (₹ Cr) 16.69 9.07 6.29
RoE (%) 45.67 30.65 43