Grover Jewells Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Grover Jewells Ltd IPO

Our company specializes in the manufacturing and designing of a wide range of wholesale gold jewellery which includes finely crafted jewellery, comprising of gold chains, bangles, rings, necklaces, and complete sets, designed to meet the diverse preferences of our clientele. While our primary focus remains on the B2B segment, we are also undertaking initiatives to strengthen our presence and increase revenue in the B2C segment. In addition, we operate a job work segment, wherein small jewellers entrust us with gold and designs, and we transform them into finished jewellery.

Grover Jewells Ltd IPO Details

Total Shares Offered

₹ 38,44,800

Offer to Public

TBA

Retail Max (Shares)

₹ 12,78,400

Pre Issue Promoters Holding

₹ 1,06,62,400

Exchange

NSE

Issue size

₹ 33.83 Cr

IPO Open Date

Feb 4, 2026

Close Date

Feb 6, 2026

Lot Size

3200

Min Investment

₹ 2,65,600

Issue Type

Book Building - SME

Listing Date

Feb 11, 2026

Grover Jewells Ltd IPO Dates

Feb 4, 2026

Opening date

Feb 6, 2026

Closing date

Feb 9, 2026

Basis of Allotment

Feb 10, 2026

Initiation of Refunds

Feb 10, 2026

Credit of Shares

Feb 11, 2026

Listing date

Details

Sector	Type
Sector	Diamond Cutting
Sub Sector	Jewellery
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	1824000
NII	0x	548800
Retail	0x	1278400
Employee	0x	0
Total	0x	3844800

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1824000

548800

1278400

3844800

Grover Jewells Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	10.53	4.43	3.81
EBITDA	11.73	5.49	4.33
PAT	7.62	2.78	2.71
Total Assets	24.77	9.69	8.63
Share Capital	2.67	2.67	2.67
Total Borrowings	3.51	1.60	1.21
Operating Activities (Net Cash)	8.82	3.84	3.23
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	3.51	1.60	1.21
Net Cashflow	3.31	0.87	0.44

About Grover Jewells Ltd

Our company was originally incorporated as a Private Limited Company under the name Grover Chain Private Limited on October 12, 2021, in accordance with the Companies Act, 2013 vide Certificate of Incorporation, bearing the corporate identification number (CIN) U36910DL2021PTC388184 issued by the Registrar of Companies, Central Registration Centre. Later, the name of the Company has been changed to Grover Jewells Private Limited in accordance with the Companies Act, 2013 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Central Processing Centre on February 17, 2025 with the corporate identification number (CIN) being U36910DL2021PTC388184. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to Grover Jewells Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated April 02, 2025, bearing Corporate Identification Number (CIN) U36910DL2021PLC388184, issued by Registrar of Companies, Central Processing Centre.

India's gold and diamond trade contributed 7% to India's Gross Domestic Product (GDP). India's Gems & Jewellery market size was at US$ 78.50 billion in FY21. Growth in exports is mainly due to revived import demand in the export market of the US and the fulfilment of orders received by numerous Indian exhibitors during the Virtual Buyer-Seller Meets (VBSMs) conducted by GJEPC. In FY25, India's Gems & Jewellery exports stood at Rs. 2,43,162 crore (US$ 28.50 billion). In March 2025, India's Gems & Jewellery exports stood at Rs. 2,20,379 crore (US$ 25.82 billion). The demand for jewellery is expected to be significantly supported by the recent positive developments in the industry. India's Gems & Jewellery industry is expected to reach US$ 100 billion by 2027.

Peer Comparison:

Shanti Gold International Limited
Retaggio Industries Limited
RBZ Jewellers Limited
Utssav CZ Gold Jewels Limited
Grover Jewells Limited

Grover Jewells Ltd Key Points

Strengths

Established and proven track record.

Leveraging the experience of our Promoters.

Experienced management team and a motivated and efficient work force.

Cordial relations with our customers.

Quality Assurance & Control.

Risk

The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

The company's Registered Office and one of our Showroom are not owned by the company and the company has only leave and license rights over them. In the event the company loses such rights, the company's business, financial condition and results of operations, and cash flows could be adversely affected.

The company's gold jewellery business faces risks from market volatility and changing customer preferences. Fluctuations in commodity prices like gold could impact the company's costs and profitability. Evolving customer tastes influence product demand, necessitating continuous adaptation, to remain competitive.

Strategy

Expansion of Production Capacity through Advanced Technology.

Strengthening Presence in Southern India and International Market Expansion

Strategic Expansion into the B2C Retail Segment

Product Portfolio Diversification.

How To Apply for Grover Jewells Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Grover Jewells Ltd IPO?

Grover Jewells Ltd's IPO offers shares for up to 33.83 It begins on Feb 4, 2026 and ends on Feb 6, 2026.

What is the price of the Grover Jewells Ltd IPO?

The price of Grover Jewells Ltd IPO ranges between ₹83 to ₹88 per share.

What are the open and close dates for the Grover Jewells Ltd IPO?

The Grover Jewells Ltd IPO opens on Feb 4, 2026 and closes on Feb 6, 2026.

When will the Grover Jewells Ltd IPO be allotted?

The allotment for the Grover Jewells Ltd IPO will be finalised on Feb 9, 2026. The shares will be listed on BSE and NSE on Feb 11, 2026.

What is the minimum lot size required for Grover Jewells Ltd IPO?

The minimum lot size for Grover Jewells Ltd IPO is 3200 shares, priced between ₹83 to ₹88 per share.

What is the GMP of Grover Jewells Ltd IPO?

The GMP (Grey Market Premium) of Grover Jewells Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Grover Jewells Ltd IPO?

To check the allotment status of Grover Jewells Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Grover Jewells Ltd IPO getting listed?

The Grover Jewells Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 4, 2026, and closes on Feb 6, 2026. The allotment is finalised on Feb 9, 2026.

How do you apply for the Grover Jewells Ltd IPO?

To apply for the Grover Jewells Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.