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HomeIPOGrover Jewells

About Grover Jewells

Incorporated in the year 2021, Grover Jewells Limited is involved in the manufacturing and designing of a variety of wholesale gold jewelry.The product offerings of the company comprise plain gold, studded, and semi-finished jewelry, which are mainly offered in 22 Karat, 20 Karat, and 18 Karat. The company also deals in hallmarked and non-hallmarked jewelry, which is available through the two showrooms of the company situated at Karol Bagh, New Delhi, and Chandni Chowk, Delhi.The company functions through two major business segments: machine-made chain manufacturing and casting jewelry production, which helps the company meet the bulk demand as well as the latest fashion designs.To streamline its business operations, Grover Jewells Limited divides its sales into three divisions: wholesale sales, retail sales, and consumer sales. The company, headquartered in Delhi, has developed a robust B2B business network in and around 20 states in India and has further expanded its global presence through exports to Australia and the U.A.E.As of August 31, 2025, the company had 68 employees.

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Live IPOs

National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
Live IPO
Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Grover Jewells

Grover Jewells

Open Date

04 Feb 2026

Close Date

06 Feb 2026

listed

Min Investment

₹281600

Lot Size

3200 Shares

Issue Size

₹33.83 Cr

Price Range

₹83 - ₹88

Listing Date

Feb 11, 2026

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Grover Jewells IPO - Issue Objectives

The company will use ₹25.34 crore for working capital needs of the business. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Working capital

74.53%

General corporate purposes

25.47%

1

Working capital

The company will use ₹25.34 crore for working capital needs of the business.

74.53%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

25.47%

IPO Subscription Status

QIB
11.32x
NII
37.92x
Total
19.24x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Grover Jewells

In Cr.

Key Performance Indicator31-Oct-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue473.22460.95258.00255.11
EBITDA14.6211.264.714.10
Expenses
Profit After Tax10.457.622.782.71
Assets67.5129.8513.9111.71
Net Worth27.1416.699.076.29
Reserves16.4814.036.413.63
Borrowing28.309.344.173.74

Grover Jewells - Promoter(s)

Mr. Deepak Kumar Grover

Mr. Lavkesh Kumar Grover

Mrs. Bhawna Grover

Pre Issue Share Holding

100%

Post Issue Share Holding

73.48%

Contact Details

Grover Jewells

House No. C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Industrial Area, North West Delhi, New Delhi, New Delhi, 110035

+919218012596
cs@groverjewells.com
https://groverjewells.com/

Registrar Contact Details

Maashitla Securities Pvt.Ltd.

+91-11-45121795
ipo@maashitla.com
https://maashitla.com/allotment-status/public-issues

Grover Jewells IPO - FAQs

Grover Jewells IPO is a SME IPO. The issue is priced at ₹83-88 per equity share. The minimum order quantity is 3200 Shares. The IPO opens on 4 Feb, and closes on 6 Feb. Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.









IPO Timeline

  • Pre Apply2026-02-03
  • Bidding Starts2026-02-04
  • Bidding Ends2026-02-06
  • Allotment Finalisation2026-02-09
  • Release of Funds2026-02-10
  • Demat Transfer2026-02-10
  • Listing2026-02-11