Grover Jewells IPO GMP today is Rs 8. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
GROVERJEWELLS
Grover Jewells IPO GMP, Subscription & Allotment Status Today
Grover Jewells is a SME IPO with a price band of Rs 83.00 to Rs 88.00 that listed on 11 Feb 2026 at a listing gain of +9.09%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹83.00 - ₹88.00
- Lot Size
- 1,600 Shares
- Bidding Closes
- 06 Feb 2026
- Listing Date
- 11 Feb 2026
Current GMP Status
₹8
+9.09% vs upper band
Est. Listing Gain
+9.09%
Last Trend
10 Feb 2026
Listing Price
₹96.00
Retail Entry
₹2,81,600
IPO Details
Complete IPO information
| Current GMP | ₹8 |
|---|---|
| Estimated Listing Gain | +9.09% |
| Price Band | ₹83.00 - ₹88.00 |
| Issue Price | Approx ₹88.00 Crores |
| Listing Price | ₹96.00 |
| Lot Size | 1,600 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 11 Feb 2026 |
| Minimum Investment | ₹2,81,600 |
Head-to-head
Compare Grover Jewells IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Grover Jewells is priced at ₹88 per share. With a minimum lot size of 1,600 shares, a retail investor applying for one lot would need approximately ₹2,81,600 to participate in this SME issue.
The latest recorded Grey Market Premium for Grover Jewells stands at ₹8, implying an estimated listing gain of around 9.09% over the issue price if it holds until listing. This is down ₹2.6 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
04 Feb 2026
✓
Bidding Closes
06 Feb 2026
✓
Allotment
TBA
✓
Listing
11 Feb 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 10 Feb 2026 | ₹0.00 | -₹2.60 | 0.00% |
| 09 Feb 2026 | ₹2.60 | -₹0.40 | 2.95% |
| 06 Feb 2026 | ₹3.00 | +₹1.00 | 3.41% |
| 05 Feb 2026 | ₹2.00 | - | 2.27% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 3,200 | ₹2,81,600 |
| Retail Maximum | 2 Lot | 3,200 | ₹2,81,600 |
| S-HNI Minimum | 3 Lot | 4,800 | ₹4,22,400 |
| S-HNI Maximum | 7 Lot | 11,200 | ₹9,85,600 |
| B-HNI Minimum | 8 Lot | 12,800 | ₹11,26,400 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Grover Jewells IPO – Key Details
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹83 to ₹88 Per Share |
| Issue Size | Approx ₹33.83 Crores |
| Fresh Issue | Approx ₹33.83 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
Analysis
Grover Jewells IPO – Market Lot Details
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | 2,81,600 |
| Retail Maximum | 2 | 3,200 | 2,81,600 |
| S‑HNI Minimum | 3 | 4,800 | 4,22,400 |
| S‑HNI Maximum | 7 | 11,200 | 9,85,600 |
| B‑HNI Minimum | 8 | 12,800 | 11,26,400 |
Analysis
Grover Jewells IPO – Reservation Details
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investors | 10,94,400 | 28.46% |
| QIB (Ex‑Anchor) | 7,29,600 | 18.98% |
| NII | 5,48,800 | 14.27% |
| Retail Investors | 12,78,400 | 33.25% |
Analysis
Grover Jewells IPO – Anchor Investors
| Anchor Bidding Date | February 03, 2026 |
| Shares Offered to Anchor Investors | 10,94,400 Shares |
| Anchor Issue Size | – |
| Lock‑in Period (50% Shares – 30 Days) | March 11, 2026 |
| Lock‑in Period (50% Shares – 90 Days) | May 10, 2026 |
Analysis
Grover Jewells IPO – Important Dates
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Basis of Allotment | February 9, 2026 |
| Refunds | February 10, 2026 |
| Credit to Demat Account | February 10, 2026 |
| IPO Listing Date | February 11, 2026 |
| IPO Bidding Cut‑off Time | February 6, 2026 – 5 PM |
Analysis
Grover Jewells IPO – Promoters & Holding Pattern
| Particulars | Shares | Shareholding (%) |
|---|---|---|
| Promoter Holding (Pre Issue) | 1,06,62,400 | 100% |
| Promoter Holding (Post Issue) | 1,45,07,200 | 73.48% |
Promoters: Mr. Deepak Kumar Grover, Mr. Lavkesh Kumar Grover and Mrs. Bhawna Grover.
Analysis
Grover Jewells IPO – Objects of the Issue
| Purpose | Amount (₹ Crores) |
|---|---|
| Working Capital Requirements | 21.35 |
| General Corporate Purpose | – |
Analysis
About Grover Jewells IPO
Grover Jewells Limited was incorporated in 2021 and started a business of designing and manufacturing a wide range of gold jewellery for the wholesale market.
Further, the company’s 22,20 and 18 karat gold provide plain gold, studded, and semi-finished jewellery. Moreover, It sells both hallmarked and non-hallmarked jewellery through its two showrooms, which are located in Karol Bagh and Chandni Chowk in Delhi.
Based in Delhi, the company has built a strong business-to-business network across around 20 states in India. It has also expanded internationally, with exports to countries like Australia and the UAE.
Analysis
Grover Jewells IPO – Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| FY 2023 | 255.11 | 250.97 | 2.71 | 11.71 |
| FY 2024 | 258.00 | 253.21 | 2.78 | 13.91 |
| FY 2025 | 460.95 | 449.55 | 7.62 | 29.85 |
| Oct 2025 | 473.22 | 458.57 | 10.45 | 67.51 |
Analysis
Grover Jewells IPO – Valuation (FY 2025)
| Return on Equity (ROE) | 45.67% |
| Return on Capital Employed (ROCE) | 45.00% |
| EBITDA Margin | 2.44% |
| PAT Margin | 1.65% |
| Debt to Equity Ratio | 0.56 |
| Earning Per Share (EPS) | ₹7.15 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 45.67% |
| Net Asset Value (NAV) | ₹15.66 |
Analysis
Grover Jewells IPO – Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Shanti Gold International Limited | 10.34 | 20.71 | 36.56% | 21.13 | 1,106.41 |
| Retaggio Industries Limited | 2.60 | 9.08 | 11.57% | 13.51 | 23.49 |
| RBZ Jewellers Limited | 9.70 | 14.18 | 15.86% | 61.26 | 530.15 |
| Utssav CZ Gold Jewels Limited | 11.63 | 19.01 | 19.76% | 53.23 | 646.32 |
Analysis
IPO Lead Managers aka Merchant Bankers
- Finshore Management Services Ltd.
FAQ
Grover Jewells IPO FAQs
Grover Jewells IPO price band is Rs 83.00 to Rs 88.00. Check the latest issue price, lot size and GMP together before applying.
Grover Jewells IPO open date is 04 Feb 2026, close date is 06 Feb 2026, and listing date is 11 Feb 2026.
Grover Jewells IPO lot size is 1,600 shares. The minimum retail investment is Rs 2,81,600.
Grover Jewells is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Grover Jewells IPO subscription status currently shows Subscription data is currently awaited.
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