Grover Jewells Limited is entering the public markets through SME IPO with an issue size of ₹33.83 crore. The issue consists of a fresh issue of equity shares. The shares are proposed to be listed on NSE & SME.
The IPO subscription window opens on February 4, 2026 and will remain open until February 6, 2026. The company plans to list its shares on February 11, 2026. Being an SME IPO, the issue may appeal to investors familiar with lower liquidity listings.
Grover Jewells Limited IPO Timeline
IPO Quick Facts
This section covers the main IPO details of Grover Jewells Limited that investors generally review before applying.
IPO Details at a Glance
| Company Name | Grover Jewells Limited |
|---|---|
| IPO Segment | SME |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Price | ₹83 – ₹88 Per Share |
| Lot Size | 1,600 Shares |
| Face Value | ₹10 Per Share |
| Exchange | NSE & SME |
Investor Category & Share Allocation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 193,600 | 5.04% |
| Qualified Institutional Buyers (QIB) | 1,824,000 | 47.44% |
| — Anchor Investor | 1,092,800 | 28.42% |
| — QIB (Ex Anchor) | 731,200 | 19.02% |
| NII (HNI) | 548,800 | 14.27% |
| — bNII > ₹10L | 364,800 | 9.49% |
| — sNII < ₹10L | 184,000 | 4.79% |
| Retail | 1,278,400 | 33.25% |
| Total Shares Offered | 3,844,800 | 100.00% |
Grover Jewells Limited IPO Important Dates
The following table highlights the key dates for the Grover Jewells Limited IPO, covering the subscription period and the expected listing timeline.
| IPO Opening Date | 04 Feb 2026 |
|---|---|
| IPO Closing Date | 06 Feb 2026 |
| Allotment Finalization | 09 Feb 2026 |
| Initiation of Refunds | 10 Feb 2026 |
| Credit of Shares | 10 Feb 2026 |
| IPO Listing Date | 11 Feb 2026 |
Grover Jewells Limited IPO Size & Structure
| Total IPO Size | ₹33.83 Crore |
|---|---|
| Fresh Issue | ₹33.83 Crore |
Grover Jewells IPO Lot Size & Minimum Investment
The table below shows the lot size and investment amount for the Grover Jewells IPO, calculated using the cut-off price. The price band for this IPO ranges from ₹83 to ₹88 per share.
Investors can apply for the IPO with a minimum of 1600 shares. Applications must be made in multiples of 1600 shares.
- Retail investors can apply from 2 lot to 2 lots.
- Small HNI (SHNI) investors must apply for at least 3 lots.
- Big HNI (BHNI) investors need to apply for a minimum of 8 lots.
This information helps investors understand the minimum investment required before applying for the IPO.
Note: Retail investors generally apply at the cut-off price, which is ₹88 per share.
| Category | Lots | Shares | Price | Amount |
|---|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹88 | ₹281,600 |
| Retail (Max) | 2 | 3,200 | ₹88 | ₹281,600 |
| S-HNI (Min) | 3 | 4,800 | ₹88 | ₹422,400 |
| S-HNI (Max) | 7 | 11,200 | ₹88 | ₹985,600 |
| B-HNI | 8 | 12,800 | ₹88 | ₹1,126,400 |
Grover Jewells Limited IPO GMP (Grey Market Premium)
The latest Grover Jewells Limited IPO GMP (Grey Market Premium), along with Kostak rates and Subject to Sauda rates, helps in understanding market sentiment. The current Grover Jewells Limited IPO GMP is ₹0 (0.00%), compared to the IPO issue price of ₹88. Based on the current GMP, the expected listing price is around ₹88. The Lowest GMP was ₹0 on 11 Feb 2026, while the highest GMP reached ₹3 on 07 Feb 2026.
Grover Jewells Limited IPO was listed on the stock exchange on 11 Feb 2026. The IPO was subscribed 17.77 times. The first reported GMP was ₹0 (0%), while the latest recorded GMP stood at ₹0 (0%).Listing Details:
- Issue Price: ₹88 per share.
- Listing Price: ₹96.00 (approx. 9.09% gain)
- Listing Date: 11 Feb 2026
Grover Jewells Limited IPO GMP Today - Trend Analysis
| Date | Issue Price (₹) | GMP Price (₹) | Estimated Gain (%) | Estimated Price (₹) | Estimated Profit (₹) |
|---|---|---|---|---|---|
| 11 Feb 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 10 Feb 2026 | ₹88 | ▼ ₹0 | ▼ 0% | ₹88 | ₹0 |
| 09 Feb 2026 | ₹88 | ▼ ₹2 | ▼ 2.27% | ₹90 | ₹6,400 |
| 07 Feb 2026 | ₹88 | ₹3 | 3.41% | ₹91 | ₹9,600 |
| 06 Feb 2026 | ₹88 | ▲ ₹3 | ▲ 3.41% | ₹91 | ₹9,600 |
| 05 Feb 2026 | ₹88 | ▲ ₹2 | ▲ 2.27% | ₹90 | ₹6,400 |
| 04 Feb 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 03 Feb 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 02 Feb 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 01 Feb 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 31 Jan 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
| 30 Jan 2026 | ₹88 | ₹0 | 0% | ₹88 | ₹0 |
Grover Jewells Limited IPO GMP gives retail and institutional investors an idea about short-term market expectations. Although grey market premium does not guarantee listing performance, it is still commonly referred to while analysing IPOs. Investors are advised to look at Grover Jewells Limited fundamentals along with IPO GMP data before making any investment decision.
GMP Disclaimer: GMP (Grey Market Premium) prices are unofficial and only reflect market sentiment. We neither participate in grey-market trading nor encourage it. Investors are strongly advised to review the company’s fundamentals, risks, and official documents before considering an investment in the Grover Jewells Limited IPO.
Grover Jewells Limited IPO Subscription Status
Grover Jewells Limited IPO was subscribed 17.77 times overall on the final day of bidding (as of 06 Feb 2026).The subscription opened on 04 Feb 2026. The Retail portion was subscribed 15.51 times, while QIB and NII categories were subscribed 11.32 times and 28.02 times respectively.
Subscription by Category (QIB, NII, Retail, Employee)
Daily Subscription Trend (Day-wise):
| Date | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| 04 Feb 2026 | — | 1.82x | 1.2x | — | 1.05x |
| 05 Feb 2026 | 3.82x | 5.06x | 3.43x | — | 3.97x |
| 06 Feb 2026 | 11.32x | 28.02x | 15.51x | — | 17.77x |
On the first day, the Grover Jewells Limited IPO received good initial interest, with early participation from NII and Retail investors.
Demand for the Grover Jewells Limited IPO strengthened further on Day-2, driven mainly by higher bids from NII, followed by QIB investors.
By the end of the bidding period, the IPO was subscribed 17.77x overall, reflecting strong demand from key investor categories, led by NII, followed by Retail and QIB investors. Overall subscription for the Grover Jewells Limited IPO increased from 1.05x on Day-1 to 17.77x by the final day.
Grover Jewells Limited IPO Final Subscription
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 11.32x |
| Non-Institutional Investors (NII) | 28.02x |
| Retail Investors | 15.69x |
| Total | 17.85x |
Grover Jewells Limited IPO Allotment Status
The Grover Jewells Limited IPO allotment status was released on 09 Feb 2026. Investors who applied for the IPO can now check their Grover Jewells Limited allotment status online through the official registrar website and NSE / BSE portal.
- 🗓 Allotment Date: 09 Feb 2026
- 📈 Listing Date: 11 Feb 2026
How to Check Grover Jewells Limited IPO Allotment Status Online?
Investors can check the Grover Jewells Limited IPO allotment status online through Maashitla Securities Pvt. Limited and NSE websites. All platforms provide easy access to the IPO allotment details.
Just follow the below mentioned steps to check your allotment status.You can also visit
Maashitla Securities Pvt.
to know more about the IPO registrar.
Check on Maashitla Securities Pvt. Limited (IPO Registrar)
- Visit → Maashitla Securities Private Limited
- Select Grover Jewells Limited
- Select
- Enter the relevant details to proceed further
- Click Submit to view allotment status
Check on NSE (National Stock Exchange) Website
- Go to → NSE Website
- Select Equity & SME IPO Bid Details.
- Choose Grover Jewells Limited IPO.
- Enter your PAN & Application Number.
- Click on Submit button.
The National Stock Exchange (NSE) provides an online facility to check the Grover Jewells Limited IPO allotment status.
Note: Allotment status is published only on the official registrar websites. We do not collect investor data or provide allotment verification directly.
How to Apply for Grover Jewells Limited IPO?
Login to Your Trading App
Open your trading app such as Angel One, Zerodha, Upstox, Groww or any brokerage app.
Go to the IPO Section
Navigate to the IPO section in the app, search for the IPO, and enter your bid details.
Enter Your UPI ID
Provide your UPI ID that is linked to your bank account for payment authentication.
Approve the Mandate
Open your UPI app and approve the payment mandate to block the required amount.
Application Confirmation
Application submitted successfully, the funds will remain blocked until allotment is finalized.
Grover Jewells Limited IPO Listing Analysis
Below is a quick summary of the Grover Jewells Limited IPO issue price, listing price, and listing gain on NSE.
| IPO Status | Issue Price | Listing Price | Listing Gain |
|---|---|---|---|
| Listed (NSE) | ₹88 | ₹96 | ▲ 9.09% |
Grover Jewells Limited debuted at ₹96, listing at a premium of +₹8 (+9.09%). The stock closed at ₹100.8, gaining +5.00%. Investors earned a profit of +₹20,480 per lot.
📌 IPO Issue Price and Lot Size
The IPO of Grover Jewells Limited was offered in the price band of ₹83 to ₹88 per share.
- The final issue price was fixed at ₹88.
- One lot consisted of 1600 shares.
- Minimum investment: ₹88 × 1600 = ₹140,800
- Investment after Day-1: ₹100.8 × 1600 = ₹161,280
- By the end of the listing session, investors made a profit of +₹20,480 per lot.
📌 IPO Subscription Analysis
With an overall subscription of 17.77×, supported by QIB participation of 11.32×, the IPO delivered steady listing gains. The stock debuted at 9.09% and closed at 14.55%.
| Day | QIB | NNI | Retail | Total |
|---|---|---|---|---|
| Day 1 | 0x | 1.82x | 1.2x | 1.05x |
| Day 2 | 3.82x | 5.06x | 3.43x | 3.97x |
| Day 3 | 11.32x | 28.02x | 15.51x | 17.77x |
📌 Final Assessment
Overall Outcome: Successful IPO
- Subscription Phase: High investor participation
- Listing Phase: Strong listing performance
- Investor Experience: Strong short-term gains for investors
IPO Financial Summary
- Total Assets changed by 114.59% in FY 2024-2025.
- Total Revenue changed by 78.66% in FY 2024-2025.
- Profit After Tax changed by 174.1% in FY 2024-2025.
- Reserves & Surplus changed by 118.88% in FY 2024-2025.
- Total Borrowings changed by 123.98% in FY 2024-2025.
| Metric | 2025-10-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 67.51 | 29.85 | 13.91 | 11.71 |
| Total Revenue (₹ Cr) | 473.22 | 460.95 | 258.00 | 255.11 |
| Profit After Tax (₹ Cr) | 10.45 | 7.62 | 2.78 | 2.71 |
| Reserves & Surplus (₹ Cr) | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowings (₹ Cr) | 28.30 | 9.34 | 4.17 | 3.74 |
Utilisation of Proceeds
The Company proposes to utilise the net IPO proceeds of approximately ₹21.35 crore towards the following objectives:
| # | Purpose | Amount (₹ Cr) | % of Total |
|---|---|---|---|
| 1 | Working Capital Requirements | 21.35 | 100.00% |
| Total | 21.35 | 100% | |
Grover Jewells IPO Promoter Holding
| Promoter(s) | Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | 73.48% |
Grover Jewells Limited IPO FAQs
The Grover Jewells Limited IPO is a SME Bookbuilding IPO with a total issue size of ₹33.83 crore. The issue consists of a fresh issue of ₹33.83 crore.
The IPO will open for subscription on Wed, 04 Feb 2026 and will close on Fri, 06 Feb 2026.
The shares are being offered at a price band of ₹83 to ₹88 per equity share.
Investors can apply for the IPO with a minimum lot size of 1,600 shares.
At the upper price band, the minimum investment required for one lot is approximately ₹281,600.
The shares of Grover Jewells Limited are expected to be listed on NSE & SME on Wed, 11 Feb 2026.
The Grey Market Premium (GMP) of Grover Jewells Limited IPO is ₹0.
The Grover Jewells Limited IPO was subscribed 17.85 times on the final day of subscription.
The retail portion is subscribed 15.51 times as of 06 Feb 2026.
The QIB portion is subscribed 11.32 times and the NII portion is subscribed 28.02 times .
The IPO registrar of Grover Jewells Limited is Maashitla Securities Pvt. Limited. Maashitla is responsible for processing IPO applications, finalizing allotment, crediting shares, and initiating refunds.
The allotment date is expected on Mon, 09 Feb 2026.
Allotment status is generally updated in the evening (6 PM – 10 PM) on Mon, 09 Feb 2026 on the registrar or exchange website.
Shares are expected to be credited by Tue, 10 Feb 2026.
Refunds for unsuccessful applicants will be initiated on Tue, 10 Feb 2026.
Investors can check refund status via:
- UPI mandate / bank account (NACH, NEFT, RTGS)
- ASBA bank portal
Listing details for Grover Jewells Limited are not available.
The latest share price of Grover Jewells Limited is currently not available.
Recent price movement data for Grover Jewells Limited is currently not available.
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