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Grover Jewells Limited
NSE: GROVERJEW
SMECLOSED
Grey Market Premium*
UPDATED: Now₹0+0.0%
Est. Listing*₹88
Upper band ₹88
* GMP indicative only. Not investment advice.
GMP sourced from IPO Guru
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
Financial Performance
Figures in ₹ Crores unless specified
| Metric | Oct-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Total Income | 473.22 | 460.95 | 258 | 255.11 |
| PAT | 10.45 | 7.62 | 2.78 | 2.71 |
| EBITDA | 14.62 | 11.26 | 4.71 | 4.1 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Reserves | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowing | 28.3 | 9.34 | 4.17 | 3.74 |
Key Performance Indicators
| KPI | Oct-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE (%) | - | - | - | - |
| ROCE (%) | 30.62 | 45 | 28.73 | 36.52 |
| EPS (₹) | 9.8 | 7.15 | 2.61 | 2.54 |
| P/E (Pre) | 12.31 | - | - | - |
| P/E (Post) | 7.12 | - | - | - |
IPO Details
Price Band
₹83 - ₹881600 Shares
Lot Size
1,600 Shares
Total Issue Size
₹33.83 Cr38,44,800 Shares
Fresh Issue
₹33.83 Cr38,44,800 Shares
Offer for Sale
TBA0
Face Value
₹10
Listing At
NSE SME
Dates
IPO Open
04 Feb 2026
IPO Close
06 Feb 2026
Allotment
09 Feb 2026
Listing
11 Feb 2026
IPO Open04 Feb 2026
IPO Close06 Feb 2026
Allotment09 Feb 2026
Listing11 Feb 2026
Lot Size & Investment Limits
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3200 | 281600 |
| sHNI | 3 | 4800 | 422400 |
| bHNI | 8 | 12800 | 1126400 |
Peer Comparison
| Company | CMP (₹) | P/E Ratio | ROE (%) |
|---|---|---|---|
| Shanti Gold International Limited | 192.28 | 20.71 | 36.56% |
| Retaggio Industries Limited | 37.7 | 9.08 | 11.57% |
| RBZ Jewellers Limited | 134.27 | 14.18 | 15.86% |
| Utssav CZ Gold Jewels Limited | 221.05 | 19.01 | 19.76% |
About Grover Jewells Limited
Grover Jewells Limited manufactures wholesale gold jewellery across chains and casting segments with exports to UAE and Australia.
Company Information
Registered Address
House No C-44/5, 1st Floor Lawrance Road Industrial Area, Keshavpuram, Delhi 110035
Lead Managers
- Finshore Management Services Limited
Market Maker
Anant Securities
Company Strengths (from RHP)
- ✓Integrated in-house manufacturing
- ✓Experienced promoters and management
- ✓Diversified jewellery portfolio
Key Risks (from RHP)
- ⚠Dependence on leased properties
- ⚠Gold price volatility
- ⚠Geographic revenue concentration
Objects of the Issue
• Working capital
• General corporate purposes
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| Total | - | - | - |
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Disclaimer
Data on OpenIPO is for informational purposes only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may vary. Verify all details from the company RHP and official registrar websites before making decisions.