Grover Jewells Limited
ListedSMEConsumer 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
Close
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
Overall Subscription
19.24x
Total Demand
QIB Multiplier
11.32x
Institutions & Funds
NII / HNI
37.92x
High Net-Worth
Retail (RII)
15.74x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 729,600 | 8,256,000 | 11.32x |
| NIB | 548,800 | 20,809,600 | 37.92x |
| HNIs(10L +) | 364,800 | 16,475,200 | 45.16x |
| HNIs (2-10L) | 184,000 | 4,334,400 | 23.56x |
| RETAIL | 1,280,000 | 20,147,200 | 15.74x |
| Total | 3,107,200 | 70,022,400 | 19.24x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 7 | 0.00x |
| NIB | — | 2,131 | 0.00x |
| RETAIL | 400 | 6,296 | 15.74x |
| HNIs(10L +) | 76 | 1,237 | 16.28x |
| HNIs (2-10L) | 38 | 894 | 23.53x |
| Total Applications | 514 | 10,565 | 20.55x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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?
Currently, Grover Jewells Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹83 to ₹88 per equity share.
What is the expected profit per lot for Grover Jewells Limited IPO?
The retail lot size is 1600 shares requiring a minimum application amount of ₹1,40,800. Expected listing price is ₹88 per equity share.
What is the issue size and price band for Grover Jewells Limited IPO?
The Grover Jewells Limited IPO aggregate issue size is ₹33.83 Crores with an equity price band set at ₹83 to ₹88 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,40,800.
How can I check Grover Jewells Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 19.24x (Retail: 15.74x, QIB: 11.32x, NII: 37.92x). You can track live multiples directly on our dedicated subscription page.
Where and when will Grover Jewells Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Maashitla Securities Private Limited) and the BSE status verification website on or around 2026-02-09. Investors can verify status using PAN card or application number.
When is the listing date for Grover Jewells Limited IPO?
Grover Jewells Limited shares are scheduled to list on NSE on 2026-02-11.