IPO IPO-Synopsis
Grover Jewells Ltd

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Registered Office: No C-44/5 1st Flr Lawrance Rd-,Industrial Area North West , New Delhi - 110035 , New Delhi , India.
Phone : +91 92180 12596   Fax:
Email :  cs@groverjewells.com  
Website :  www.groverjewells.com
Initial public offer of up to 38,44,800 equity shares of face value of Rs10/- each ("Equity Shares") of Grover Jewells Limited (the "Company" or the "Issuer") for cash at a price of Rs88 per equity share, including a share premium of Rs78 per equity share (the "Issue Price"), aggregating to Rs33.83 crores ("the Issue"), of which 1,93,600 equity shares of face value of Rs10/- each for cash at a price of Rs88 per equity share, aggregating to Rs1.70 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e., issue of up to 36,51,200 equity shares of face value of Rs10/- each for cash at a price of Rs88 per equity share, aggregating to Rs32.13 crores is here in after referred to as the "Net Issue". The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paid up equity share capital of the company. Price Band: Rs88 per equity share of face value Rs10/- each. The floor price is 8.8 times of the face value of the equity shares. Bids can be made for a minimum of 3200 equity shares and in multiples of 1600 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Feb-26 06-Feb-26 Rs88.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3200  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 29.84
Finshore Management Services Limited
Project Financed through Current Offer 33.83  
Post Issue Equity Share Capital 14.51  
Issue Price Rs88.00  
Projects
Working Capital RequirementsGeneral Corporate Expenses
Promoted By
Deepak Kumar Grover
Lavkesh Kumar Grover
Bhawna Grover
Listing At
NSE - SME 
Registrar to the Issue
Maashitla Securities Pvt Ltd