Grover Jewells Limited IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹83 – ₹88
- Lot Size
- 1,600 shares
- Min. Investment
- ₹1,40,800
- Total Issue Size
- ₹33.83 Cr
- 38,44,800 shares
- Fresh Issue
- ₹33.83 Cr
- 38,44,800 shares
- Offer for Sale
- ₹0 Cr
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,06,62,400
- Shares Post-Issue
- 1,45,07,200
Lot Size & Investment
1 lot = 1,600 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 3,200 | ₹2,81,600 |
| Small HNI (S-HNI) | 3 | 4,800 | ₹4,22,400 |
| Big HNI (B-HNI) | 8 | 12,800 | ₹11,26,400 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Oct-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 67.51 | 29.85 | 13.91 | 11.71 |
| Total Income | 473.22 | 460.95 | 258 | 255.11 |
| Profit After Tax | 10.45 | 7.62 | 2.78 | 2.71 |
| EBITDA | 14.62 | 11.26 | 4.71 | 4.1 |
| Net Worth | 27.14 | 16.69 | 9.07 | 6.29 |
| Reserves & Surplus | 16.48 | 14.03 | 6.41 | 3.63 |
| Total Borrowing | 28.3 | 9.34 | 4.17 | 3.74 |
Key Performance Indicators
| Period | Oct-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROCE (%) | 30.62 | 45 | 28.73 | 36.52 |
| EPS (₹) | 9.8 | 7.15 | 2.61 | 2.54 |
| P/E (pre-issue) | 12.31 | — | — | — |
| P/E (post-issue) | 7.12 | — | — | — |
About Grover Jewells Limited
Grover Jewells Limited manufactures wholesale gold jewellery across chains and casting segments with exports to UAE and Australia.
Company Information
Strengths (from RHP)
- Integrated in-house manufacturing
- Experienced promoters and management
- Diversified jewellery portfolio
Key risks (from RHP)
- Dependence on leased properties
- Gold price volatility
- Geographic revenue concentration
- Book running lead managers
- Finshore Management Services Limited
- Registered office
- House No C-44/5, 1st Floor Lawrance Road Industrial Area, Keshavpuram, Delhi 110035
- Market maker
- Anant Securities