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IPO details · Updated
Grover Jewells Limited
ClosedSMENSE: GROVERJEW
- Price Band
- ₹83 – ₹88
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,40,800
- Issue Size
- ₹33.83 Cr
- Offer Dates
- 4 Feb – 6 Feb 2026
- Listing
- 11 Feb 2026
Issue Details
- Total Issue Size
- ₹33.83 Cr
- 38,44,800 shares
- Fresh Issue
- ₹33.83 Cr
- 38,44,800 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,06,62,400
- Shares Post-Issue
- 1,45,07,200
IPO Timeline
Offer opens
4 Feb 2026
Offer closes
6 Feb 2026
Allotment
9 Feb 2026
Listing
11 Feb 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.4%10,92,800 shares
- QIB19.0%7,29,600 shares
- HNI14.3%5,48,800 shares
- Retail33.3%12,80,000 shares
- MarketMaker5.0%1,93,600 shares
Subscription Status
Final subscription figures for this issue are not available yet.
Lot Size & Investment
1 lot = 1,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,81,600 |
| Small HNI (S-HNI) | 3 | 4,800 | ₹4,22,400 |
| Big HNI (B-HNI) | 8 | 12,800 | ₹11,26,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | 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 |
| Profit After Tax | 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 & Surplus | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowing | 28.3 | 9.34 | 4.17 | 3.74 |
Key Performance Indicators
| Period | Oct-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROCE (%) | 30.62 | 45 | 28.73 | 36.52 |
| EPS (₹) | 9.8 | 7.15 | 2.61 | 2.54 |
| P/E (pre-issue) | 12.31 | — | — | — |
| P/E (post-issue) | 7.12 | — | — | — |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E | 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.
Objects of the Issue
- Working capital
- General corporate purposes
Company Information
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
- Book running lead managers
- Finshore Management Services Limited
- Registered office
- House No C-44/5, 1st Floor Lawrance Road Industrial Area, Keshavpuram, Delhi 110035
- Market maker
- Anant Securities
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.