Grover Jewells IPO
Grover Jewells IPO Details
-
Open Date
04 Feb 2026
-
Close Date
06 Feb 2026
-
Listing Date
11 Feb 2026
- IPO Price Range
₹ 83 to ₹88
- IPO Size
₹ 33.83 Cr
- Listing Exchange
NSE SME
Grover Jewells IPO Timeline
Last Updated: 01 February 2026 1:23 PM by 5paisa
Grover Jewells Limited manufactures and designs wholesale gold jewellery, including plain, studded and semi-finished pieces in 22, 20 and 18 carat gold. The company operates machine-made chain and casting jewellery segments, serving both high-volume and fashion-led demand. Based in Delhi, it sells through wholesale, retail and consumer divisions, operates two showrooms, serves around 20 Indian states, and exports to Australia and the UAE with consistent quality and timely delivery nationwide.
Established in: 2021
Managing Director: Mr. Deepak Kumar Grover
Peers:
Shanti Gold International Limited
Retaggio Industries Limited
RBZ Jewellers Limited
Utssav CZ Gold Jewels Limited
Grover Jewells Objectives
1. ₹21.35 Cr. will fund working capital requirements.
2. Funds will support general corporate purposes
Grover Jewells IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹33.83 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹33.83 Cr |
Grover Jewells IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | 2,65,600 |
| Retail (Max) | 2 | 3,200 | 2,81,600 |
| S-HNI (Min) | 3 | 4,800 | 3,98,400 |
| S-HNI (Max) | 7 | 11,200 | 9,85,600 |
| B-HNI (Min) | 8 | 12,800 | 10,62,400 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 255.10 | 257.91 | 460.80 |
| EBITDA | 4.10 | 4.71 | 11.26 |
| PAT | 2.71 | 2.78 | 7.62 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 11.71 | 13.91 | 29.85 |
| Share Capital | 2.67 | 2.67 | 2.67 |
| Total Liabilities | 1.87 | 0.89 | 7.18 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | 1.65 | 2.56 | 0.24 |
| Net Cash Generated From / (used in) Investing Activities | -1.76 | -2.19 | -2.10 |
| Net Cash Generated From / (used in) Financing Activities | 0.11 | 0.06 | 4.30 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.01 | 0.43 | 2.43 |
Strength
1. Strong and consistent revenue growth performance.
2. Experienced promoters with capable execution team.
3. High expertise in customised jewellery manufacturing.
4. Strong relationships with clients and suppliers.
Weakness
1. High dependency on overall market conditions.
2. Limited focus on individual retail customers.
3. Low brand recognition in organised markets.
4. Concentrated presence in select regions.
Opportunity
1. Expansion into new domestic jewellery markets.
2. Growing export demand across international markets.
3. Retail expansion to strengthen consumer presence.
4. Brand building through franchises and visibility.
Threat
1. Economic downturns affecting discretionary spending.
2. Changes in import-export laws and regulations.
3. Rapid shifts in jewellery fashion trends.
4. Intense competition within the open market.
1. Established manufacturing capabilities with diversified product portfolio.
2. Strong B2B network across domestic and export markets.
3. Experienced promoters with proven operational execution.
4. Growth opportunities through retail and brand expansion.
Grover Jewells Limited operates in India’s organised gold jewellery manufacturing segment, supported by strong domestic demand and rising export opportunities. Its dual focus on machine-made chains and casting jewellery enables scale as well as design flexibility. With established B2B relationships across multiple states, international exports, and scope for retail and brand expansion, the company is well positioned to benefit from increasing formalisation and premiumisation within the jewellery industry.
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FAQs
Grover Jewells IPO opens from February 4, 2026 to February 6, 2026.
The size of Grover Jewells IPO is ₹33.83.
The price band of Grover Jewells IPO is fixed at ₹83 to ₹88 per share.
To apply for Grover Jewells IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Grover Jewells. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Grover Jewells IPO is of 3,200 shares and the investment required is ₹2,65,600.
The share allotment date of Grover Jewells IPO is February 9,2026
The Grover Jewells IPO will likely be listed on February 11, 2026.
Finshore Management Services Ltd is the book running lead managers for Grover Jewells IPO.
Grover Jewells IPO plans to utilise the raised capital from the IPO for:
1. ₹21.35 Cr. will fund working capital requirements.
2. Funds will support general corporate purposes.