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Grover Jewells IPO

SME

Issue Open Feb 04, 2026
Issue Close Feb 06, 2026
Price Band ₹ 83 to ₹ 88 per share
Face Value Rs 10/- per share
Issue Size 33.83 Cr
Listing Exchange NSE SME
Issue Type Book build offer
Cut off time for UPI Mandate Confirmation Feb 06, 2026 05:00 PM
Allotment Details Feb 09, 2026
Refunds Feb 10, 2026
Credit of Shares to Demat Feb 10, 2026
Listing On Feb 11, 2026
About the company:

Grover Jewells Limited is a Delhi-based gold jewellery manufacturing company incorporated under the Companies Act, 2013, and converted into a public limited company on April 02, 2025. The company traces its origins to 2010, when its Managing Director, Mr. Deepak Kumar Grover, began operations under a proprietorship model focused on gold chain manufacturing.

Over the years, Grover Jewells Limited has evolved into a fully integrated jewellery manufacturer with an in-house production facility located at Lawrence Road Industrial Area, Delhi. The company specializes in the design and manufacture of plain gold, studded, and semi-finished jewellery, primarily in 22 karat, 20 karat, and 18 karat gold. Its product portfolio includes chains, bangles, rings, necklaces, and complete jewellery sets.

Catering largely to the B2B segment, the company supplies wholesalers, dealers, and jewellery retailers across key markets, while also undertaking selective job work for smaller jewellers. With advanced manufacturing infrastructure, skilled CAD designers, and stringent quality controls, Grover Jewells Limited focuses on craftsmanship, reliability, and scalable growth. As of March 31, 2025, the company reported turnover exceeding Rs 450 crore.

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