Listed Price₹96.00
Listing Gain+9.09%
Price Band₹83 - ₹88
Lot Size1,600 shares
Min Bid₹1,40,800
Subscription19.24x
Listed Market Snapshot
₹96.00Listed price from market data
+9.09%listing gain
Issue Amount
₹33.83 Cr
Listed Price
₹96.00
Current Price
₹170.15
Registrar
Maashitla Securities Private Limited
Timeline•Bookbuilding IPO
Open04 Feb 2026
Close06 Feb 2026
Allotment09 Feb 2026
Listing11 Feb 2026
Quota Reservation Portions
AnchorPortion: 10,92,800 shares
28.42%QIBPortion: 7,29,600 shares
18.98%HNIPortion: 5,48,800 shares
14.27%RetailPortion: 12,80,000 shares
33.29%Market MakerPortion: 1,93,600 shares
5.04%Minimum Application Bracket Matrix
Retail2 lots / 3,200 shares
₹2,81,600sHNI3 lots / 4,800 shares
₹4,22,400bHNI8 lots / 12,800 shares
₹11,26,400About the Company
Incorporated in 2021, Grover Jewells Limited is involved in designing and manufacturing a wide range of wholesale gold jewellery, including plain gold, studded, and semi-finished products mainly in 22, 20, and 18 Karat. The company also sells hallmarked and non-hallmarked jewellery through its showrooms in Karol Bagh and Chandni Chowk, Delhi. It operates in machine-made chain manufacturing and casting jewellery, allowing it to meet bulk demand as well as modern design preferences with consistent quality and timely delivery. Grover Jewells divides its business into wholesale, retail, and consumer sales, has a strong B2B presence across around 20 Indian states, exports to Australia and the UAE, and employed 68 people as of August 31, 2025.
Company Promoters
Mr. Deepak Kumar GroverMr. Lavkesh Kumar GroverMrs. Bhawna Grover
Lead Managers
Registrar
Maashitla Securities Private Limited