Grover Jewells SME IPO Details, Financials, Valuation & Peers
Explore Grover Jewells SME IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Grover Jewells Limited is a manufacturer and designer of gold jewellery, with a primary focus on the wholesale market. The company's product range encompasses plain gold jewellery, studded pieces, and semi-finished items, predominantly in 22K, 20K, and 18K gold.
Key highlights include:
- Core Business: Design and manufacturing of gold jewellery for the wholesale segment.
- Product Portfolio: Includes plain gold jewellery, studded pieces, and semi-finished items.
- Manufacturing Verticals: Operations are structured around machine-manufactured chains and cast jewellery production.
- Distribution: Offers both hallmarked and non-hallmarked jewellery through its retail locations in New Delhi.
- Market Reach: Possesses a strong B2B presence across approximately 20 Indian states and exports to international markets like Australia and the United Arab Emirates.
Objects of the Issue
- Working Capital Requirements
- General corporate purposes
- Total
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 04 Feb - 06 Feb 2026 |
| IPO Price Band | ₹83 - ₹88 per share |
| Fresh Issue | 32.13 Cr |
| Offer For Sale | NIL |
| Total IPO Size | 32.13 Cr |
| Face Value | 10 |
| Listing On | NSE SME |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 04 Feb 2026 |
| IPO Closing Date | 06 Feb 2026 |
| Basis Of Allotment | 09 Feb 2026 |
| Refunds | 10 Feb 2026 |
| Demat Transfer | 10 Feb 2026 |
| IPO Listing Date | 11 Feb 2026 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 | 31 Oct 2025 |
|---|---|---|---|---|
| Assets | 11.71 | 13.91 | 29.85 | 67.51 |
| Total Income | 255.11 | 258.00 | 460.95 | 473.22 |
| Profit After Tax | 2.71 | 2.78 | 7.62 | 10.45 |
| EBITDA | 4.10 | 4.71 | 11.26 | 14.62 |
| NET Worth | 6.29 | 9.07 | 16.69 | 27.14 |
| Reserves and Surplus | 3.63 | 6.41 | 14.03 | 16.48 |
| Total Borrowing | 3.74 | 4.17 | 9.34 | 28.30 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|
| Grover Jewells | 12.31 | 7.15 | 45.67% | 15.66 |
| Utssav CZ Gold Jewels | 19.01 | 11.63 | 19.76% | 53.23 |
| RBZ Jewellers | 14.18 | 9.7 | 15.86% | 61.26 |
| Retaggio Industries | 9.08 | 2.6 | 11.57% | 13.51 |
| Shanti Gold International | 20.71 | 10.34 | 36.56% | 21.13 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | 18,22,400 (47.40%) |
| Non-Institutional Investor (NII/HNI) | 5,48,800 (14.27%) |
| Retail Individual Investor (RII) | 12,80,000 (33.29%) |
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Lead Managers
- Finshore Management Services Ltd.
Company Address
Grover Jewells Ltd.
House No C-44/5
1st Floor Lawrance, Road Industrial Area
Keshavpuram Ind Area, North West
Delhi, –110035
Website:https://groverjewells.com/
Phone:+91 9218012596
Email:cs@groverjewells.com
FAQs
- What is the issue size of the Grover Jewells SME IPO?The Grover Jewells SME IPO has an issue size of 32.13 Cr. This includes a fresh issue of 32.13 Cr and an offer for sale (OFS) of NIL.
- What is the price band of the Grover Jewells IPO?The price band for the Grover Jewells IPO is ₹83 - ₹88 per share.
- What are the bidding dates for the Grover Jewells IPO?The Grover Jewells IPO will open for bidding on 04 Feb 2026 and close on 06 Feb 2026.
- What is the allotment date for the Grover Jewells IPO?The allotment date for the Grover Jewells IPO is 09 Feb 2026.
- What is the minimum lot size and investment required for the Grover Jewells IPO?The minimum lot size for the Grover Jewells IPO is 1600 shares and the minimum investment required is ₹1,40,800.
- What is the listing date for the Grover Jewells IPO?The listing date for the Grover Jewells IPO is 11 Feb 2026.
- What is the Grover Jewells IPO grey market premium?The grey market premium (GMP) for the Grover Jewells IPO is currently at ₹0, with an expected listing gain of approximately %. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.