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Grover Jewells IPO
Diamond & Jewellery
open
₹2.66LMin. investment
Grover Jewells Limited IPO Details
Issue size
₹34Cr
IPO type
SME
Market Cap
₹127.66CrLower than sector avg
Price range
₹83.00 – ₹88.00
Listing ExchangeNSE
RevenueApr 2024 - Mar 2025
₹460.8CrLower than sector avg
Lot size
1600 shares
Draft Red Herring Prospectus
Read
Growth rate3Y CAGR
34.40%Higher than sector avg
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
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Companies in this sectorObjectives
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