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Grover Jewells
Price Band
₹83.0–88.0
Issue Size
₹33.83 Cr
Lot Size
1,600 shares
Min Investment
₹281,600
GMP
+₹0.0 (0.0%)
Issue Price
₹88.0
calendar_month Important Dates
bar_chart Subscription Status
Subscription data unavailable
trending_up Grey Market Premium (GMP)
GMP
₹0.0
GMP %
0.0%
Est. Listing
₹88.0
schedule Updated: 14 Jul 2026 15:52
Share GMP:
business About the Company
Grover Jewells Limited is engaged in the design and manufacturing of gold jewellery, catering primarily to the wholesale segment. Its product portfolio includes plain gold jewellery, studded pieces, and semi-finished items, mainly produced in 22K, 20K, and 18K gold. The company distributes both hallmarked and non-hallmarked jewellery through its retail locations in Karol Bagh and Chandni Chowk, New Delhi. Manufacturing operations are structured around two key verticals: machine-manufactured chains and cast jewellery production. This integrated setup enables the company to meet bulk demand efficiently while offering contemporary designs with consistent quality and dependable delivery timelines. To enhance operational efficiency, the company classifies its sales into three categories—wholesale, retail, and direct consumer sales. Headquartered in Delhi, Grover Jewells Limited has established a strong B2B footprint across close to 20 states in India and has expanded its reach internationally, with exports to markets such as Australia and the United Arab Emirates. Competitive strengths: Integrated In-House Production Facility Experienced Promoters and Senior Management Team Expansive Product Portfolio Driven by Innovation Established B2B Presence Backed by Rigorous Quality Standards Leveraging Digital Platforms for Growth PAN India as well as International Presence
payments Company Financials (₹ Cr)
As of 2025-10-31
| Period Ended | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Total Income | 473.22 | 460.95 | 258.00 | 255.11 |
| Profit After Tax | 10.45 | 7.62 | 2.78 | 2.71 |
| EBITDA | 14.62 | 11.26 | 4.71 | 4.10 |
| NET Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Reserves and Surplus | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowing | 28.30 | 9.34 | 4.17 | 3.74 |
Key Ratios
EPS
₹7.15
NAV
₹15.66
ROCE
45%
RoNW
45.67%
P/B Value
5.62
P/E Ratio
12.31
Market Cap
₹127.66 Cr
PAT Margin
1.65%
Debt/Equity
0.56
Promoters
Deepak Kumar Grover, Lavkesh Kumar Grover and Bhawna Grover
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Working Capital Requirements 25.34 2 General Corporate Purposes 4.50 3 Issue Expenses 3.99 Total 33.83
info Issue Details
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
04 Feb 2026
Close
06 Feb 2026
Allotment
09 Feb 2026
Listing
11 Feb 2026