Grover Jewells Ltd. IPO
IPO Timeline
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4 Feb 2026Bidding Starts
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6 Feb 2026Bidding Ends
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9 Feb 2026Allotment Finalization
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11 Feb 2026Listing
About Grover Jewells Ltd.
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 Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 10,94,400 (28.46%) |
| Market Makers | 1,93,600 (5.04%) |
| Non Institutional Investors | 5,48,800 (14.27%) |
| Qualified Institutional Buyers (QIBs) | 7,29,600 (18.98%) |
| Retail Individual Investors (RIIs) | 12,78,400 (33.25%) |
Grover Jewells Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 824.85 Cr | 21.17 Cr | 54.96 Cr |
| 31 Mar 2025 | 460.95 Cr | 7.62 Cr | 14.03 Cr |
| 31 Mar 2024 | 258.00 Cr | 2.78 Cr | 6.41 Cr |
Grover Jewells Ltd. Background
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.
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2021• Company incorporated as a Private Limited Company in the name of “Grover Chain Private Limited”
• Takeover of a Proprietorship Concern (Deepak Kumar Grover being the Proprietor) named “Grover Chain Company” w.e.f 11th November, 2021
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2025• Change in name from “Grover Chain Private Limited” to “Grover Jewells Private Limited”.
• Company converted from Private Limited Company to Public Limited Company i.e., “Grover Jewells Limited”
• Participated as Guest of Honor in AURA Global Awards
• Received JMAIIE Excellence memento for the continued support.
1. Working Capital Requirements
2. Issue Related Expenses
3. General Corporate Expenses
| Pricing Details | BSE | NSE |
|---|---|---|
| Issue Price | - | ₹ 88.00 |
| Open | - | ₹ 96.00 |
| Low | - | ₹ 91.40 |
| High | - | ₹ 100.80 |
| Last Trade | - | ₹ 100.80 |
1. Mr. Deepak Kumar Grover
2. Mr. Lavkesh Kumar Grover
3. Mrs. Bhawna Grover
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 ... Read more
FAQs
When does Grover Jewells Ltd. IPO opens and closes?
Grover Jewells Ltd. IPO opens from 4th February to 6th February 2026.What is the size of Grover Jewells Ltd. IPO?
The size of the Grover Jewells Ltd. IPO is ₹33.83 Cr.What is the price range of Grover Jewells Ltd. IPO?
The price range of Grover Jewells Ltd. IPO is at ₹83 to ₹88 per share.What is the minimum investment and lot size required for the Grover Jewells Ltd. IPO?
The minimum investment required is ₹1,40,800 and minimum lot size is 1600 shares.When is Grover Jewells Ltd. IPO listing date?
The Grover Jewells Ltd. IPO will be listed on 11th February 2026.What is the objective of Grover Jewells Ltd. IPO?
1. Working Capital Requirements2. Issue Related Expenses
3. General Corporate Expenses
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