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Grover Jewells Ltd. IPO Details – Price, Date, GMP & Analysis
Listed
SME
Price Range:
Rs.88.00
Issue Size:
Rs.33.83 Cr
Lot Size:
1600 shares
Open Date:
February 4
Grover Jewells Ltd. IPO Overview
Bidding Dates
February 4 - February 6
Min Investment
₹140,800
Price Range
₹88.00
Issue Size
₹33.83 Cr
IPO DRHP Doc
Not Available
Company Overview
Incorporated in 2021, Grover Jewells Limited manufactures and designs a wide range of wholesale gold jewellery, including plain gold, studded, and semi-finished options in various karats. The company operates two showrooms in Delhi and focuses on machine-made chain manufacturing and casting jewellery production. It categorizes sales into wholesale, retail, and consumer divisions and has a strong B2B network across 20 states in India, with international exports to Australia and the U.A.E. As of August 31, 2025, the company employed 68 individuals.
IPO Timeline
Timeline information will be updated when available.
Latest Subscription Data
| Category | Subscription | Status |
|---|---|---|
| QIB (Qualified Institutional Buyers) | 28.52% | Oversubscribed |
| NII (Non-Institutional Investors/HNI) | 21.45% | Oversubscribed |
| RII (Retail Individual Investors) | 50.03% | Oversubscribed |
| Total Subscription | Undersubscribed |
Last updated: Percentage of shares offered
Current GMP:
No Premium
Est. Listing:
Rs.88
Est. Gain:
0%
Star Rating:
★★★★★(1/5)
Financial Information
Financial data is visualized in the chart above
Strengths & Risks Analysis
Key Risks
Potential challenges and risk factors
- Revenue is highly concentrated in gold chains, limiting product diversification.
- Operations are largely concentrated in North India, especially the Delhi region.
- Heavy dependence on B2B sales with limited direct consumer presence.
- Exposure to gold price volatility may impact margins and inventory value.
- Absence of long-term contracts with customers and suppliers increases uncertainty.
IPO Details
IPO Reservation
Share Reservation Distribution
QIB
1,822,400 shares (47.4%)
Retail
1,280,000 shares (33.29%)
Anchor Investors
1,092,800 shares (28.42%)
QIB (Ex-Anchor)
729,600 shares (18.98%)
HNI (NII)
548,800 shares (14.27%)
bNII (>₹10L)
364,800 shares (9.49%)
Market Maker
193,600 shares (5.04%)
sNII (<₹10L)
184,000 shares (4.79%)
IPO Subscription Status
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹88.00 |
| High | ₹100.80 |
| Last Trade | ₹100.80 |
| Low | ₹91.40 |
| Open | ₹96.00 |
Key Dates
Open Date:February 4
Close Date:February 6
Listing Date:February 11
