What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Grover Jewells Limited IPO?

Based on the upper price band of ₹88 and current GMP of ₹0, the estimated listing price is ₹88 (approx. 0.0% gain).

What is the expected profit per lot for Grover Jewells Limited IPO?

With a lot size of 1600 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Grover Jewells Limited

ListedSME

Consumer Discretionary / Consumer Goods · NSE

Incorporated in 2021, Grover Jewells Limited is involved in designing and manufacturing a wide range of wholesale gold jewellery, including plain gold, studded, and semi-finished products mainly in 22, 20, and 18 Karat. The company also sells hallmarked and non-hallmarked jewellery through its showrooms in Karol Bagh and Chandni Chowk, Delhi. It operates in machine-made chain manufacturing and casting jewellery, allowing it to meet bulk demand as well as modern design preferences with consistent quality and timely delivery. Grover Jewells divides its business into wholesale, retail, and consumer sales, has a strong B2B presence across around 20 Indian states, exports to Australia and the UAE, and employed 68 people as of August 31, 2025.

Price Band

₹83 – ₹88

Issue Size

₹33.83 Cr

Lot Size

1600 shares

GMP

—

Est. Listing

₹88

at current GMP

Subscribed

19.24x

overall

Open

4 Feb 2026

6 Feb 2026

Allotment

9 Feb 2026

Refund

10 Feb 2026

Demat Credit

11 Feb 2026

Listing

11 Feb 2026

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Grover Jewells Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹88

Band: ₹83 – ₹88

Estimated Listing Price

₹88

Upper price + GMP

Lot Size

1600 shares

Min investment ₹1,40,800

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹88
30 Oct 2026	—	0.0%	₹88
29 Oct 2026	—	0.0%	₹88

About Grover Jewells Limited Public Issue & Market Profile

Grover Jewells Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Consumer Goods sector with an aggregate issue size of ₹33.83 Crores. The shares are offered at a price band of ₹83 to ₹88 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2026-02-06, the basis of allotment is scheduled to be finalized on 2026-02-09. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Maashitla Securities Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Grover Jewells Limited IPO GMP today?

The latest grey market premium for Grover Jewells Limited IPO is ₹0, which indicates an expected listing price of ₹88.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.