Grover Jewells IPO
Grover Jewells Limited
Minimum investment
Grover Jewells IPO Details
Bidding date
04 Feb - 06 Feb 2026
Price range
₹83 - ₹88
Minimum quantity
3,200
Minimum investment
₹1,32,800
Issue size
₹2 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Grover Jewells IPO Dates & Timeline
About Grover Jewells IPO: Company Overview
Grover Jewells Limited was incorporated in 2021 and is engaged in the manufacturing and designing of wholesale gold jewellery. The company offers a wide range of products including plain gold jewellery, studded jewellery, and semi-finished jewellery in 22 Karat, 20 Karat, and 18 Karat categories. Its portfolio includes both hallmarked and non-hallmarked jewellery. The company operates through two main production segments—machine-made chain manufacturing and casting jewellery production. This allows Grover Jewells to cater to bulk wholesale demand as well as modern, design-focused jewellery requirements with consistent quality and timely delivery. Grover Jewells has a presence in wholesale, retail, and consumer sales. It operates two showrooms located in Karol Bagh and Chandni Chowk, Delhi. Headquartered in Delhi, the company has built a strong B2B network across nearly 20 Indian states and has also expanded internationally through exports to Australia and the UAE. As of August 31, 2025, the company employed 68 people.
Strengths & Risks of Grover Jewells IPO
Diversified Product Portfolio: Grover Jewells offers a wide range of gold jewellery including plain, studded, and semi-finished products in 22K, 20K, and 18K categories. This diversified portfolio helps the company cater to both traditional and modern jewellery demand.
Consistent Financial Growth: The company has reported steady growth in total income, EBITDA, and profit after tax over recent years, reflecting improving business scale and operational performance.
Strong Distribution Network: Grover Jewells has an established wholesale presence across nearly 20 Indian states along with export operations in Australia and the UAE, providing geographical diversification and revenue stability.
Improving Profit Margins: The improvement in EBITDA and PAT margins indicates better cost control and operational efficiency in recent financial periods.
Highly Competitive Industry: The jewellery sector is highly competitive and fragmented, which may put pressure on pricing, margins, and long-term profitability.
Profit Sustainability Risk: The sharp increase in profits in recent periods raises concerns about whether such growth levels can be sustained in the long run.
Exposure to Gold Price Fluctuations: The business is sensitive to changes in gold prices, which can impact working capital needs and profit margins.
Higher Borrowings: An increase in borrowings to support growth and working capital requirements may affect financial ratios if revenue growth slows.
Grover Jewells Financials: Revenue, Profit & EBITDA
473.22 Cr.
Oct'25
10.45 Cr.
Oct'25
14.62 Cr.
Oct'25
How to Apply for Grover Jewells IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Grover Jewells IPO
