1. IPO
Grover Jewells IPO

Grover Jewells IPO

Diamond & Jewellery
open
₹2.66LMin. investment
  1. Pre-apply
    3 Feb
  2. Bid start
    4 Feb
  3. Bid end
    6 Feb
  4. Allotment
    9 Feb
  5. Release of funds
    10 Feb
  6. Demat transfer
    10 Feb
  7. Listing
    11 Feb

Grover Jewells Limited IPO Details

SectorDiamond & Jewellery
Price range₹83.00 – ₹88.00
IPO type
SME
Lot size1600 shares
Issue size₹34Cr
Draft Red Herring Prospectus
Read
Market Cap
₹127.66CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹460.8CrLower than sector avg
Growth rate3Y CAGR
34.40%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹460.8Cr
This sector
₹7,172.77Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
34.40%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹7.62Cr
This sector
₹66.45Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹127.66Cr
This sector
₹7,398.94Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
12.31
This sector
45.82
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.56
This sector
0.57
Compare with companies

Objectives

Working capital
74.53%
General corporate purposes
25.47%

About Grover Jewells Limited

Incorporated in 2021, Grover Jewells manufactures and designs a wide range of wholesale gold jewellery. The company makes and sells gold jewellery in 22 Karat, 20 Karat, and 18 Karat. It mainly works with the wholesale (B2B) segment, but at the same time, it's opening up its retail (B2C) side through two showrooms in Karol Bagh and Chandni Chowk, Delhi. The company also deals in hallmarked and non-hallmarked jewellery. A big part of the company’s product portfolio is the machine made of gold chains, which account for about 96.4% of sales as of October 2025. Other products like rings, bracelets, bangles, necklaces, earrings, and pendants accounted for the rest of the revenue. Jewellery manufacturing accounted for 99.76% of the revenue as of October 2025, while the rest of the revenue came from job work (labour charge).
Regarding clientele, about 60.7% sales are to wholesalers and 38.2% retailer. Geographically, the largest market is Delhi, accounting for almost 58% of revenue, followed by Uttar Pradesh, Haryana, and the rest of the states, with presence in more than 20 states. The export business is a very minor part of revenue. Going forward, the company envisions scaling up manufacturing capacity through modern machinery, deepening its presence in South India and international markets, continuing the retail expansion by opening more stores in tier-1 and tier-2 cities, as well as diversifying its product range into lightweight daily wear, men's fashion, and bridal jewellery.

Frequently asked questions

How to invest in the Grover Jewells IPO ?

Investors can apply for the Grover Jewells IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Grover Jewells IPO ?

The issue size of the Grover Jewells IPO is 34 Cr.

What is 'pre-apply' for Grover Jewells IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Grover Jewells IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Ipo opens on 4 Feb 2026, 10:00 AM