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Open Date
04 Feb 2026
Close Date
06 Feb 2026
Min Investment
₹281600
Lot Size
3200 Shares
Issue Size
₹33.83 Cr
Price Range
₹83 - ₹88
Listing Date
Feb 11, 2026
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.
Revenue Growth
Sotefin Bharat
| Companies Name | Open - Close | Issue Size | Min. Qty | Issue Price | Apply |
|---|---|---|---|---|---|
Sotefin Bharat SME | 16th Jul 2026 - 20th Jul 2026 | 89.76 Cr | 600 Shares | ₹ 178.00 | |
Caliber Mining & Logistics Mainboard | 17th Jul 2026 - 21st Jul 2026 | 450.00 Cr | 35 Shares | ₹ 402.00 |
IPO Doc
RHP PDFCompany Valuation
Earning Expansion
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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%
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
Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).
In Cr.
| Key Performance Indicator | 31-Oct-25 (In Cr.) | 31-Mar-25 (In Cr.) | 31-Mar-24 (In Cr.) | 31-Mar-23 (In Cr.) |
|---|---|---|---|---|
| Revenue | 473.22 | 460.95 | 258.00 | 255.11 |
| EBITDA | 14.62 | 11.26 | 4.71 | 4.10 |
| Expenses | ||||
| Profit After Tax | 10.45 | 7.62 | 2.78 | 2.71 |
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Reserves | 16.48 | 14.03 | 6.41 | 3.63 |
| Borrowing | 28.30 | 9.34 | 4.17 | 3.74 |
Mr. Deepak Kumar Grover
Mr. Lavkesh Kumar Grover
Mrs. Bhawna Grover
100%
73.48%
Grover Jewells
House No. C-44/5, 1st Floor, Lawrance Road Industrial Area, Keshavpuram Industrial Area, North West Delhi, New Delhi, New Delhi, 110035
Maashitla Securities Pvt.Ltd.