Grover Jewells IPO Date and Key Details
Have you heard the buzz about Grover Jewells IPO? It's one of those exciting moments in the stock market where a jewelry maker from Delhi steps into the big leagues. Let's dive in simply.
Discover the Grover Jewells IPO date (Feb 4-6, 2026), Grover Jewells IPO price band ₹83-88, lot size, and tips. Plus, top stock market course in India to master IPO investing!
What is Grover Jewells IPO?
Grover Jewells Limited makes gold jewelry like chains and studded pieces in 22K, 20K, and 18K gold. They're going public with a fresh issue on NSE SME.
This SME IPO means small and medium enterprise, perfect for growth companies like this Delhi-based firm. Think of it as a jewelry box opening to public investors – shiny potential inside.
They sell wholesale across 20 states, export to UAE and Australia, with showrooms in Karol Bagh and Chandni Chowk.
Grover Jewells IPO Date Timeline
The Grover Jewells IPO date kicks off today – open from February 4 to 6, 2026. Allotment finalizes February 9, refunds February 10, and listing on NSE SME February 11.
Anchor bids happened yesterday, February 3, raising ₹9.62 crore.
Key Date | Event |
Feb 4, 2026 | IPO Opens |
Feb 6, 2026 | IPO Closes |
Feb 9, 2026 | Allotment |
Feb 11, 2026 | Listing |
Bidding cuts off at 5 PM on close day – don't miss it!
Grover Jewells IPO Price Band Breakdown
Grover Jewells IPO price sits at ₹83 to ₹88 per share, face value ₹10.
Upper end means ₹88 x lot size for your bid. Retail max is around ₹2-5 lakh.
This band feels fair for a jeweler with steady sales growth.
Company Story: From Delhi Chains to IPO
Founded in 2021, Grover Jewells started with gold chains, now does machine-made and casting jewelry.
Deepak Kumar Grover leads, building from 2008 roots into mass production by 2009.
They employ 68 people, focus on B2B wholesale. Exports add spice – like gold chains going global.
Financial Health Check
Revenue jumped: FY25 ₹460.95 Cr, Oct 2025 ₹473 Cr. PAT ₹7.62 Cr to ₹10.45 Cr.
Key Metrics Table :
Period | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) |
Mar 2025 | 460.95 | 7.62 | 11.26 |
Oct 2025 | 473.22 | 10.45 | 14.62 |
ROCE 45%, debt/equity 0.56 – solid shape.
How to Apply for Grover Jewells IPO?
Log into your broker like Zerodha or Groww. Select UPI or ASBA.
Steps:
Enter lot quantity.
Bid at cutoff or price.
Approve UPI mandate.
Easy as ordering online jewelry – quick and secure.
Lot Size and Investment Minimums
Lot size: 1,600 shares. Retail min 2 lots (3,200 shares) at ₹2,81,600 upper band.
HNI Breakdown :
S-HNI min: 3 lots (4,800 shares) ₹4.22L
B-HNI min: 8 lots (12,800) ₹11.26L
Total issue 38.44L shares, ₹33.83 Cr.
IPO Objectives: What Funds For?
Net proceeds mostly working capital ₹21.35 Cr, rest general purposes.
Boost inventory, expand ops – fuel for more chains.
Risks in Jewelry Sector IPOs
Gold prices swing, competition from big players. Retail demand dips in slowdowns.
Jewelry Risks: Raw material costs, making charges pressure. Check RHP for details.
Grey Market Premium Insights
GMP today around early buzz – check ipowatch for live.
Expected gains post-listing, but unofficial.
Why Consider This IPO?
Growth in revenue, exports. SME often multibaggers if business shines.
Promoters drop to 73.48% post-IPO.
Stock Market Course in India Essentials
New to stock market course in India? Learn IPO basics, analysis first.
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Top Stock Market Courses Reviewed
Trendy Traders Academy Online Course: Basics, free-ish access.
FinGrad Options Trading: Practical, certified.
IFMC Classes: Delhi-based, hands-on.
Zerodha Varsity: Free modules on IPOs.
Course | Provider | Best For |
Stock Basics | NSE | Beginners |
Advanced Trading | FinGrad | Options |
Classroom | IFMC | Delhi locals |
Enroll to ace Grover Jewells like a pro.
IPO Lessons for Beginners
Track subscription, GMP. Diversify – don't bet farm.
Analogy: IPO like wedding jewelry – exciting but check purity.
In summary, Grover Jewells IPO date is now – grab if it fits. Learn via stock market course in India for smarter plays.
FAQs
What is the exact Grover Jewells IPO date?
It opens February 4-6, 2026.
What is the Grover Jewells IPO price?
₹83-₹88 per share.
What is the minimum investment for Grover Jewells IPO?
₹2.81 lakh for retail (upper price).
Which stock market course in India for IPOs?
Try Trendy Traders Academy or Zerodha Varsity.
When does Grover Jewells list?
Tentative February 11, 2026 on NSE SME.?
