Grover Jewells IPO was open from February 04, 2026 till February 06, 2026. The allotment process for the IPO is expected to be finalised today on February 09, 2026. The shares of Grover Jewells Ltd will be listed on NSE and the tentative listing date is fixed as February 11, 2026.

Grover Jewells Limited specializes in the design and manufacturing of gold jewellery, with a primary focus on wholesale customers. The company offers a diverse range of products, including plain gold, studded, and semi-finished jewellery, mainly produced in 22K, 20K, and 18K gold.

Know the procedure to check Grover Jewells IPO allotment status online on the NSE, and the registrar’s website.

Procedure to Check Grover Jewells IPO Allotment Status Online On NSE

Visit the NSE’s IPO allotment verification status page here.
Select “Equity & SME IPO bid details”.
In Select Symbol, select “Grover Jewells Ltd”.
Enter your PAN No. and application No.
Click “Submit”.

Procedure to Check Grover Jewells IPO Allotment Status on Maashitla Securities (Registrar to the issue)

Visit the Maashitla’s IPO allotment verification status page here.
Select “Grover Jewells Ltd” under “Please select company”.
Enter any of the following details.

PAN
Application Number
Demat Account Number

Click “Submit”.

Grover Jewells IPO Details

The Grover Jewells IPO was a book build issue of ₹33.83 crores and was entirely a fresh issue of 0.38 crore shares. The price band was set between ₹83 and ₹88 per share, with a lot size of 1600 shares, requiring a minimum investment of ₹2,65,600 for retail investors.

Finshore Management Services Limited was the book running lead manager and Maashitla Securities Private Limited was the registrar of the issue. The Market Maker of the company was Anant Securities.

Grover Jewells IPO Overall Subscription Status

[February 06, 2026, end of the day]

On Day 3, Grover Jewells IPO was overall subscribed 19.16 times. The public issue was subscribed 15.74 times by the Retail Individual Investors (RIIs), 37.57 times by the Non Institutional Investors (NIIs), and 11.32 times by the Qualified Institutional Buyers (QIBs).

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Utilisation of Proceeds

The Company proposes to utilise the Net Proceeds towards funding the following objects:

Working Capital Requirements.
General Corporate Purposes.

Grover Jewells Ltd GMP

As per media reports, the Grey Market Premium (GMP) of Grover Jewells Ltd was reported at ₹2.5 over the IPO price as of February 05, 2026.

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Grover Jewells Ltd Business Overview

Grover Jewells Ltd is a Delhi-based gold jewellery manufacturing and design company that specialises in machine-made gold chains, casting jewellery and a variety of plain, studded and semi-finished jewellery pieces in 22K, 20K and 18K gold. The business primarily serves the wholesale (B2B) segment, supplying to jewellers, dealers and retailers across more than 20 Indian states. Grover Jewells’ portfolio includes gold chains, bangles, rings, necklaces and jewellery sets.

Financially, for the year ended March 31, 2025 (FY25), the company reported revenue of approximately ₹460.9 crore, up from about ₹258 crore in FY24, and a profit after tax (PAT) of around ₹7.62 crore, compared with ₹2.78 crore in the previous year.

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