grover jewells limited IPO
IPO Overview
Grover jewells limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹34 Cr. The IPO price band is set at ₹83 to ₹88 per share, and retail investors can apply with a minimum investment of ₹2.82 L as per IPO guidelines.
The Grover jewells limited IPO opens on 4 Feb 2026 and closes on 6 Feb 2026. The IPO allotment is expected to be finalized on 9 Feb 2026, and the equity shares are proposed to be listed on NSE on 11 Feb 2026.
Investors can refer to the Grover jewells limited IPO RHP-DRHP for detailed information. The issue is managed by Finshore Management Services Ltd. as the book running lead manager, while Maashitla Securities Private Limited is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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.
Investment Objective
General corporate purposes