How to Check Grover Jewells IPO Allotment Status

Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery. The company was incorporated in 2021.

The company's product portfolio includes plain gold, studded, and semi-finished jewellery, primarily available in 22 Karat, 20 Karat, and 18 Karat. It also offers hallmarked and non-hallmarked jewellery.

For operational clarity, Grover Jewells Limited categorizes its sales into three divisions: wholesale sales, retail sales, and consumer sales. Headquartered in Delhi, the company has established a strong B2B network across approximately 20 states in India and has expanded its footprint internationally with exports to Australia and the U.A.E.

As of August 31, 2025, the company employed 68 individuals. As of October 31, 2025, Grover Jewells had total assets of ₹67.51 crore.

The Grover Jewells IPO came with a total issue size of ₹33.83 crore, comprising entirely a fresh issue of ₹33.83 crore. The IPO opened on February 4, 2026, and closed on February 6, 2026. The allotment is expected on Monday, February 9, 2026. The share price band was set at ₹83 to ₹88 per share.

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Steps to Check Grover Jewells IPO Allotment Status on Registrar Site

• Visit the Maashitla Securities Pvt. Ltd.
• Select "Grover Jewells" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Grover Jewells IPO Allotment Status on BSE

• Navigate to the NSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Grover Jewells" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Grover Jewells IPO received solid investor interest, being subscribed 19.13 times overall. Here is the category-wise breakdown as of 4:49:59 PM on February 6, 2026:

Grover Jewells IPO Subscription Status

QIB Category (Ex Anchor): 11.32 times
Non-Institutional Investors (NII): 37.56 times
Retail Investors: 15.69 times

Grover Jewells IPO Share Price and Investment Details

The minimum investment required was ₹2,81,600 for 2 lots (3,200 shares). The issue raised ₹9.62 crore from anchor investors. Given the solid subscription of 19.13 times with solid institutional interest at 11.32 times, strong NII participation at 37.56 times, and solid retail subscription at 15.69 times, the share price is expected to list with premium.

Utilisation of IPO Proceeds

The proceeds will be utilized for working capital requirements (₹21.35 crore) and general corporate purposes.

Business Overview

Grover Jewells Limited is engaged in the manufacturing of wide range of wholesale jewellery. Besides its corporate office, it has two stores in New Delhi region and operates from there. The company marked growth in its top and bottom lines for the reported periods. It is operating in a competitive and fragmented segment.

The company demonstrated financial performance with growth in revenue and profitability over the reported periods. It maintains financial metrics with a 45.67% ROE and a debt-equity ratio of 0.56.

The company benefits from its strong B2B network across approximately 20 states in India, international presence with exports to Australia and the U.A.E., diverse product portfolio across multiple karat categories, dual-segment operations in machine-made chains and casting jewellery. However, investors should note the post-issue P/E ratio of 7.12 and Price to Book Value of 5.62.