
Grover Jewells
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
IPO Doc
RHP PDFAbout 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%
Working capital
The company will use ₹25.34 crore for working capital needs of the business.
General corporate purposes
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
IPO Subscription Status
Financials of Grover Jewells
In Cr.
Revenue: ₹473.22
EBITDA: ₹14.62
Profit: ₹10.45
| 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 |
Grover Jewells - Promoter(s)
Mr. Deepak Kumar Grover
Mr. Lavkesh Kumar Grover
Mrs. Bhawna Grover
100%
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
Registrar Contact Details
Maashitla Securities Pvt.Ltd.
Grover Jewells IPO - FAQs
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