Grover Jewells Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,824,000 (47%) | — | ₹1,605 Cr |
| NII (HNI) | — | 548,800 (14%) | — | ₹483 Cr |
| Retail | — | 1,278,400 (33%) | — | ₹1,125 Cr |
| Market Maker | — | 193,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 3,844,800 (100%) | — | ₹33,834 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹140,800 |
| Retail (Max) | 13 | 20,800 | ₹1,830,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,971,200 |
| B-HNI (Min) | 67 | 107,200 | ₹9,433,600 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Oct 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 473 | 461 | 258 |
| EBITDA | 15 | 11 | 5 |
| Profit After Tax | 10 | 8 | 3 |
| Net Worth | 27 | 17 | 9 |
| Total Assets | 68 | 30 | 14 |
| Reserves & Surplus | 16 | 14 | 6 |
| Total Borrowing | 28 | 9 | 4 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Working Capital Requirements – 21.35
- General corporate purposes –
Company Overview
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.