IPO - Initial Public Offerings

 GJL

  

GROVER JEWELLS LTD IPO.

04 Feb, 10:00 AM

Issue Open

06 Feb, 05:00 PM

Issue Close

1600

Lot Size

₹ 83.00 – ₹ 88.00

Price Range

IPO Issue Details

Issue size 34.00 Cr
Market Price 88.00
Registrar Maashitla Securities Pvt.Ltd.
Face Value RS.10 /- Per share
Listing at NSE

About

GROVER JEWELLS LTD IPO.
Incorporated in 2021, Grover Jewells Limited is engaged in the manufacturing and designing of a wide range of wholesale gold jewellery. The company’s product portfolio includes plain gold, studded, and semi-finished jewellery, primarily available in 22 Karat, 20 Karat, and 18 Karat. It also offers hallmarked and non-hallmarked jewellery through its two showrooms located at Karol Bagh, New Delhi, and Chandni Chowk, Delhi. The company operates across two key segments — machine-made chain manufacturing and casting jewellery production — enabling it to cater to both high-volume demand and contemporary fashion-oriented designs with consistent quality and timely delivery. For operational clarity, Grover Jewells Limited categorizes its sales into three divisions: wholesale sales, retail sales, and consumer sales. Headquartered in Delhi, the company has established a strong B2B network across approximately 20 states in India and has expanded its footprint internationally with exports to Australia and the U.A.E. As of August 31, 2025, the company employed 68 individuals.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 3200 ₹ 2,81,600.00
Retail (Max) 2 3200 ₹ 2,81,600.00
S-HNI (Min) 3 4800 ₹ 4,22,400.00
S-HNI (Max) 8 12800 ₹ 11,26,400.00
B-HNI (Min) 9 14400 ₹ 12,67,200.00

IPO TimeLine

Open Date 04-Feb-2026
Close Date 06-Feb-2026
Basis of Allotment Date 09-Feb-2026
Initiation of Refunds 10-Feb-2026
Credit Shares to Demat A/c 10-Feb-2026
IPO Listing Date 11-Feb-2026