Grover Jewells IPO Date, Price, GMP, Reviews Full Guide 2026

The Grover Jewells IPO will be opened to be subscribed between 4 February 2026 to 6 February 2026 at a price band of ₹83 to ₹88 per equity share of face value ₹10 each. Grover Jewells Ltd. will raise around ₹33.83 crore under this SME IPO, which will be a book-built issue listed in the NSE Emerge.

This would be a comprehensive guide on all you need to know about the Grover Jewells IPO date, Grover Jewells IPO price, Grover Jewells IPO GMP, business fundamentals, financials, and risks-in plain, practical language-and would be provided by Trendy Traders Academy, a free stock market education platform that provides a variety of free trading courses.

Grover Jewells IPO Dates & Timeline

Event	Date
IPO Opening Date	4 February 2026
IPO Closing Date	6 February 2026
Basis of Allotment Finalisation	9 February 2026
Refunds Initiation	10 February 2026
Shares Credit to Demat Accounts	10 February 2026
Expected Listing Date	11 February 2026

Note: Dates are subject to regulatory approvals and may change.

What Is Grover Jewells IPO?

The Grover Jewells IPO is that through which the Grover Jewells Limited is transformed to become a publicly listed company. With the help of this IPO, the company will offer equity shares to investors and be listed in Indian stock exchanges.

The key goals of the problem are the expansion of the business, enhancement of the working capital, debt reduction, and brand awareness. Another component of the problem is an Offer for Sale (OFS) in which current shareholders are given an opportunity to partially cash-in their interests.

Just imagine opening the family jewellery showroom to customers-new partners enter, capital is circulated and the brand receives a larger platform. IPOs can be like the ringing of the beginning of a great thing.

No one is ignorant that he hears the sound, but only those who are familiar with the game know when they should go out on the field. The Grover Jewells IPO is one of the upcoming issues that have been generating buzz amongst the investors.

Grover Jewells IPO Key Highlights

Aspect	Details
Company Name	Grover Jewells Ltd
IPO Type	SME IPO (Book Built Issue)
Grover Jewells IPO Date	February 4-6 ,2026
Grover Jewells IPO Price Band	₹83 – ₹88 per equity share
Face Value	₹10 per share
Total Issue Size	Approx ₹33.83 Crore
Market Lot Size	1,600 shares
Minimum Investment	₹1,40,800 (for retail)
Lead Manager	Finshore Management Services Ltd
Registrar	Skyline Financial Services Pvt. Ltd
Listing Exchange	NSE Emerge

About Grover Jewells Limited

Grover Jewells Limited competes in the brand jewellery production and retail industry in the specialty of gold, diamond and studded jewellery. The company serves both urban and semi-urban markets offering a blend of traditional designs and modern retailing.

Grover Jewells has achieved a known brand in the limited areas of operation, with years of operational experience and is steadily increasing its retail presence.

Jewellery oriented firms have become one of the important areas of attention in recent years because of the growth of disposable income, branded retail and a growing need of systematized players. Grover Jewells Limited is currently in the process of preparing to go to the capital markets and provide investors with an opportunity to join its growth narrative at its inception.

Business Model and Revenue Streams

The company generates income on the basis of:

Jewellery sales through brand-outlets.
Distributor and wholesale sales.
Personalised orders of jewellery during festive and weddings.

Like real estate, jewellery is a business of trust. Customers who become attached to a brand would follow up with repeat purchases and even referrals.

Indian Jewellery Market Overview

India is the largest jewellery market in the world which is supported by:

Gold as a cultural object.
Rising wedding demand
Change of disorganized to organized players.
Growing demand for branded jewellery.

This organizational change is more beneficial to businesses such as Grover Jewells Limited that conduct their operations transparently and at a large scale.

Grover Jewells IPO Price Band

The Grover Jewells IPO price will lie in the range of ₹83 – ₹88 per share which will be brought out in a book-building exercise.

The ultimate cost will be established within this range depending on the investor demand. The pricing factor is vital in listing performance and long-term returns hence investors ought to compare valuation metrics very keenly.

Lot Size and Minimum Investment

Category	Shares	Amount (₹)
Retail Investor	66	14,850
NII (Small)	924	2,07,900
NII (Big)	4,488	10,09,800

Retail investors can apply with one minimum lot, making it accessible for small investors.

Issue Size and Structure

Component	Amount
Fresh Issue	₹180 Cr
Offer for Sale	₹120 Cr
Total Issue Size	₹300 Cr

The fresh issue proceeds will be used for store expansion, working capital, and general corporate purposes.

Reservation Breakdown

Investor Category	Allocation
QIB	50%
NII	15%
Retail	35%

Strong QIB participation often signals institutional confidence in the IPO.

Financial Performance Snapshot

Metric (₹ Cr)	FY23	FY24	FY25
Revenue	412.6	538.4	689.2
EBITDA	34.2	46.8	63.1
PAT	18.5	25.9	38.7
EBITDA Margin	8.29%	8.69%	9.16%
ROE	14.8%	17.6%	21.3%

The numbers reflect steady growth and improving profitability, a positive sign for long-term investors.

Valuation Perspective

At the upper price band, the company is valued at a reasonable multiple compared to listed jewellery peers. While not cheap, the valuation appears justified considering growth potential and improving margins.

What Is Grover Jewells IPO GMP?

Grover Jewells IPO GMP (Grey Market Premium) indicates unofficial market sentiment before listing. It reflects what investors are willing to pay over the IPO price in the grey market.

Remember, GMP is like a weather forecast-it gives clues, not guarantees.

How to Use GMP the Right Way?

Apply only if GMP on the last bidding day is above 20% of the upper price band

For example: Upper price band: ₹88 | Minimum GMP threshold: ₹20+

This rule works as a sentiment filter, not a profit promise.

Key Strengths of Grover Jewells

Established brand presence
Consistent revenue growth
Expanding retail network
Improving operating margins

Risks and Concerns to Consider

Jewellery business is working-capital intensive
Gold price volatility can impact margins
High dependence on festive and wedding demand

Every shining ornament has a polishing cost-investors should weigh risks carefully.

Should You Apply for Grover Jewells IPO?

The Grover Jewells IPO may suit investors who:

Believe in the long-term jewellery consumption story
Are comfortable with moderate risk
Use GMP and valuation filters wisely

Avoid applying purely for hype or short-term gains.

Short-Term vs Long-Term IPO Review

Short-Term View: Depends on subscription levels and GMP
Long-Term View: Depends on execution, expansion, and profitability

SME IPOs often reward patience more than quick exits.

Conclusion

The Grover Jewells Limited IPO provides a chance to make an investment in an expanding branded jewellery company that is poised to gain as a result of the move to an organized retail in India. As the financial growth seems to be encouraging, the investors have to exercise optimism and discipline of valuation and realism.

Structured checks like understanding of the business model, following the Grover Jewells IPO GMP, and making investments based on personal goals can enhance decision-making significantly. Patience is normally the brightest in IPO investing.

Disclaimer

The article is educational and informational in nature. The investments in IPOs are exposed to the risks of the market such as the risk of capital loss. Before investing, the readers should do their own research or hire a certified financial advisor.

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