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Grover Jewells Limited, which originated in 2010 as a proprietorship named 'Grover Chain Company', specializes in the manufacturing and design of a wide range of wholesale gold jewellery. The company's product portfolio includes finely crafted gold chains, bangles, rings, necklaces, and complete sets, primarily available in 22, 20, and 18 Karat gold. It operates a fully integrated, in-house manufacturing facility in Delhi and serves its clientele through two showrooms in key Delhi markets. While its core business is focused on the B2B segment, supplying to local dealers and jewellery showrooms, Grover Jewells Limited is also expanding its presence in the B2C market and undertakes job work for smaller jewellers.
Feb 04, 2026
Feb 06, 2026
Feb 11, 2026
SME
Closed
34 Cr
33.83 Cr
0 Cr
₹83 - ₹88
1600
The main objectives of the Issue are to utilize the net proceeds for the following purposes:
To meet the company's working capital requirements, with an estimated amount of up to ₹ 2,534.08 crores. These funds will support an ambitious expansion strategy, including entering new geographies, increasing participation in exhibitions, handling larger B2B orders, and enhancing production capacity through the procurement of new advanced machinery.
To allocate the balance of the net proceeds for general corporate purposes, which may include funding strategic initiatives, partnerships, brand-building and marketing activities, meeting operating expenses, repayment of borrowings, and addressing unforeseen business exigencies.
12.31
7.15
38.52%
30.62%
38.52%
—
2.21%
3.09%
3.46
Strong and consistent revenue growth with a proven track record.
Led by experienced promoters and a skilled execution team with deep industry knowledge.
In-house manufacturing facility that provides customization expertise and quality control.
Established strong relationships with a wide network of B2B clients and suppliers.
High dependency on the volatile market conditions and prices of gold.
Limited direct-to-consumer (B2C) sales and a nascent retail customer base.
Limited brand recognition in the broader consumer market compared to established players.
Strategic expansion into new domestic markets, particularly in Southern India.
Increasing export opportunities in international markets beyond Australia and the UAE.
Growth potential through the expansion of the B2C retail segment with new showrooms.
Opportunity to build a strong brand image through enhanced marketing and digital presence.
Vulnerability to economic downturns that can reduce discretionary consumer spending.
Potential adverse impact from changes in government import-export laws and tax regulations.
Rapidly changing fashion trends and consumer preferences affecting product demand.
Intense competition from both large organized brands and smaller unorganized players.
Grover Jewells Limited, which originated in 2010 as a proprietorship named 'Grover Chain Company', specializes in the manufacturing and design of a wide range of wholesale gold jewellery. The company's product portfolio includes finely crafted gold chains, bangles, rings, necklaces, and complete sets, primarily available in 22, 20, and 18 Karat gold. It operates a fully integrated, in-house manufacturing facility in Delhi and serves its clientele through two showrooms in key Delhi markets. While its core business is focused on the B2B segment, supplying to local dealers and jewellery showrooms, Grover Jewells Limited is also expanding its presence in the B2C market and undertakes job work for smaller jewellers.
The Grover Jewells Ltd. IPO is scheduled to open for subscription on Feb 04, 2026 and close on Feb 06, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Grover Jewells Ltd. IPO is ₹83 to ₹88. Investors can place bids within this range once the issue opens.
The minimum lot size for the Grover Jewells Ltd. IPO is 1600 shares. The minimum investment amount ₹1,40,800.
The total issue size of the Grover Jewells Ltd. IPO is approximately ₹34.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Grover Jewells Ltd. IPO has been subscribed 19.16 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Grover Jewells Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Grover Jewells Ltd. are expected to list on stock exchanges on Feb 11, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Grover Jewells Ltd. IPO are proposed to be used for The main objectives of the Issue are to utilize the net proceeds for the following purposes:, To meet the company's working capital requirements, with an estimated amount of up to ₹ 2,534.08 crores. These funds will support an ambitious expansion strategy, including entering new geographies, increasing participation in exhibitions, handling larger B2B orders, and enhancing production capacity through the procurement of new advanced machinery., To allocate the balance of the net proceeds for general corporate purposes, which may include funding strategic initiatives, partnerships, brand-building and marketing activities, meeting operating expenses, repayment of borrowings, and addressing unforeseen business exigencies.
Before applying for the Grover Jewells Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
