GMP IPO Watch
Grover Jewells IPO: A Golden Opportunity or a Risky Shine?
Grover Jewells Limited, a Delhi-based wholesale gold jewellery powerhouse, is launching it...
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G
SME IPO
LISTED
NSE, BSE
GROVERJEWELLS
Grover Jewells IPO
Grover Jewells IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹8
+9.1%
Est. Listing: ₹96.00
Price Band
₹83 - ₹88
Per equity share
Lot Size
1600 Shares
Min Invest: ₹2,81,600
Issue Size
₹88 Cr
Total Public Offering
Issue Dates
3 February 2026 – 5 February 2026
Bidding period
Subscription
—
Total overall demand
Grover Jewells IPO Details
Key facts at a glance| IPO Open Date | 3 February 2026 | IPO Close Date | 5 February 2026 |
|---|---|---|---|
| Basis of Allotment | TBA | Listing Date | 10 February 2026 |
| Price Band | ₹83 - ₹88 per share | Face Value | ₹10 per share |
| Market Lot Size | 1600 Shares | Min Investment (Retail) | ₹2,81,600 |
| Total Issue Size | ₹88 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Grover Jewells IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 3 February 2026 | Confirmed |
| IPO Close Date | 5 February 2026 | Confirmed |
| Basis of Allotment | TBA | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 10 February 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Grover Jewells IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 3,200 Shares | ₹2,81,600 |
| Retail (Max) | 2 Lots | 3,200 Shares | ₹2,81,600 |
| S-HNI (Min) | 3 Lots | 4,800 Shares | ₹4,22,400 |
| S-HNI (Max) | 7 Lots | 11,200 Shares | ₹9,85,600 |
| B-HNI (Min) | 8 Lots | 12,800 Shares | ₹11,26,400 |
Grover Jewells IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹8 +9.1%
Estimated Listing Price
₹96.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 10 Feb 2026 | ₹0 | ₹88.00 | +0.00% |
| 9 Feb 2026 | ₹2.6 | ₹90.60 | +2.95% |
| 6 Feb 2026 | ₹3 | ₹91.00 | +3.41% |
| 5 Feb 2026 | ₹2 | ₹90.00 | +2.27% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Grover Jewells IPO Subscription Status
Demand breakdown by investor category
Retail
—
QIB
—
NII / HNI
—
Total
—
About Grover Jewells
Grover Jewells IPO Market Lot Details
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | 2,81,600 |
| Retail Maximum | 2 | 3,200 | 2,81,600 |
| S‑HNI Minimum | 3 | 4,800 | 4,22,400 |
| S‑HNI Maximum | 7 | 11,200 | 9,85,600 |
| B‑HNI Minimum | 8 | 12,800 | 11,26,400 |
Grover Jewells IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investors | 10,94,400 | 28.46% |
| QIB (Ex‑Anchor) | 7,29,600 | 18.98% |
| NII | 5,48,800 | 14.27% |
| Retail Investors | 12,78,400 | 33.25% |
Grover Jewells IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 04 Feb 2026 |
| IPO Close Date | 06 Feb 2026 |
| Basis of Allotment | - |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 11 Feb 2026 |
Note: The timeline for গ্রোভার জুয়েলস IPO is tentative and subject to change.
Grover Jewells IPO Important Dates
| IPO Open Date | February 4, 2026 |
| IPO Close Date | February 6, 2026 |
| Basis of Allotment | February 9, 2026 |
| Refunds | February 10, 2026 |
| Credit to Demat Account | February 10, 2026 |
| IPO Listing Date | February 11, 2026 |
| IPO Bidding Cut‑off Time | February 6, 2026 – 5 PM |
Grover Jewells Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Grover Jewells Objects of the Issue & Utilisation of Proceeds
| Purpose | Amount (₹ Crores) |
|---|---|
| Working Capital Requirements | 21.35 |
| General Corporate Purpose | – |
Grover Jewells Company Financial Report
To Be Updated Soon
Grover Jewells Company Valuation & Key Performance Indicators
To Be Updated Soon
Grover Jewells Peer Group Comparison
To Be Updated Soon
Grover Jewells Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Shanti Gold International Limited | 10.34 | 20.71 | 36.56% | 21.13 | 1,106.41 |
| Retaggio Industries Limited | 2.60 | 9.08 | 11.57% | 13.51 | 23.49 |
| RBZ Jewellers Limited | 9.70 | 14.18 | 15.86% | 61.26 | 530.15 |
| Utssav CZ Gold Jewels Limited | 11.63 | 19.01 | 19.76% | 53.23 | 646.32 |
Grover Jewells Lead Managers & Merchant Bankers
- Finshore Management Services Ltd.
Grover Jewells IPO FAQs
Grover Jewells IPO opens for subscription on 3 February 2026 and closes on 5 February 2026.
The price band for Grover Jewells IPO is set at ₹83.00 to ₹88.00 per share.
The minimum market lot size is 1600 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 3,200 Shares (₹2,81,600).
The latest Grey Market Premium (GMP) for Grover Jewells IPO is ₹8.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Grover Jewells IPO is tentatively scheduled for TBA, and shares are expected to list on the stock exchanges on 10 February 2026.
The registrar details will be confirmed in the official prospectus.
Grover Jewells IPO Analysis & Articles