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Grover Jewells

Grover Jewells

Open Date

04 Feb 2026

Close Date

06 Feb 2026

listed

Min Investment

₹281600

Lot Size

3200 Shares

Issue Size

₹33.83 Cr

Price Range

₹83 - ₹88

Listing Date

Feb 11, 2026

IPO Doc

RHP PDF

About Grover Jewells

Incorporated in the year 2021, Grover Jewells Limited is involved in the manufacturing and designing of a variety of wholesale gold jewelry.The product offerings of the company comprise plain gold, studded, and semi-finished jewelry, which are mainly offered in 22 Karat, 20 Karat, and 18 Karat. The company also deals in hallmarked and non-hallmarked jewelry, which is available through the two showrooms of the company situated at Karol Bagh, New Delhi, and Chandni Chowk, Delhi.The company functions through two major business segments: machine-made chain manufacturing and casting jewelry production, which helps the company meet the bulk demand as well as the latest fashion designs.To streamline its business operations, Grover Jewells Limited divides its sales into three divisions: wholesale sales, retail sales, and consumer sales. The company, headquartered in Delhi, has developed a robust B2B business network in and around 20 states in India and has further expanded its global presence through exports to Australia and the U.A.E.As of August 31, 2025, the company had 68 employees.

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Grover Jewells IPO - Issue Objectives

The company will use ₹25.34 crore for working capital needs of the business. Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Working capital

74.53%

General corporate purposes

25.47%

1

Working capital

The company will use ₹25.34 crore for working capital needs of the business.

74.53%
2

General corporate purposes

Part of the IPO proceeds will be used for general corporate purposes and issue expenses

25.47%

IPO Subscription Status

Retails
15.54x
QIB
11.32x
NII
37.91x

Financials of Grover Jewells

In Cr.

Revenue: ₹473.22

EBITDA: ₹14.62

Profit: ₹10.45

Total Income
EBITDA
Total Profit
Negative Value
Key Performance Indicator31-Oct-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue473.22460.95258.00255.11
EBITDA14.6211.264.714.10
Expenses
Profit After Tax10.457.622.782.71
Assets67.5129.8513.9111.71
Net Worth27.1416.699.076.29
Reserves16.4814.036.413.63
Borrowing28.309.344.173.74

Grover Jewells - Promoter(s)

Mr. Deepak Kumar Grover

Mr. Lavkesh Kumar Grover

Mrs. Bhawna Grover

Pre Issue Share Holding

100%

Post Issue Share Holding

73.48%

Contact Details

Grover Jewells

House No. C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Industrial Area, North West Delhi, New Delhi, New Delhi, 110035

Grover Jewells IPO - FAQs

Grover Jewells IPO is a SME IPO. The issue is priced at ₹83-88 per equity share. The minimum order quantity is 3200 Shares. The IPO opens on 4 Feb, and closes on 6 Feb. Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on SME.

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