The Grover Jewells IPO GMP continues to remain in focus among SME IPO investors as the subscription window approaches in February 2026. Grover Jewells Limited plans to enter the capital market with a book-built issue of ₹33.83 crores, consisting entirely of a fresh issue of equity shares.
Market participants are closely monitoring the IPO Grey Market Premium (GMP) to gauge listing expectations and overall investor sentiment. Early trends suggest rising curiosity and active tracking from retail as well as HNI investors.
Grover Jewells IPO Overview
The Grover Jewells IPO comprises 0.38 crore fresh equity shares, aggregating to ₹33.83 crores. Since the issue does not include any offer for sale (OFS), the entire capital raised will be utilized for business expansion and operational strengthening, which is considered a positive indicator for future growth.
IPO Type: Book Built Issue
Issue Size: ₹33.83 Crores
Fresh Issue: 0.38 Crore Equity Shares
Listing Platform: NSE SME
Grover Jewells IPO Dates – Latest Schedule
IPO Opening Date: February 4, 2026
IPO Closing Date: February 6, 2026
Basis of Allotment: February 9, 2026
Tentative Listing Date: February 11, 2026
Stock Exchange: NSE SME
Investors tracking the Grover Jewells IPO GMP generally observe grey market activity from a few days before the opening till the final listing to understand demand momentum.
Grover Jewells IPO Price Band & Lot Size Details
The company has fixed the price band at ₹83 to ₹88 per share, making it an affordable SME IPO for high-ticket retail participation.
Retail Investors
Lot Size: 1,600 shares
Minimum Application: 2 lots (3,200 shares)
Minimum Investment: ₹2,81,600 (at ₹88 per share)
HNI / NII Investors
Minimum Lots: 3 lots
Total Shares: 4,800
Investment Amount: ₹4,22,400
Grover Jewells IPO GMP: Latest Trend & Market Sentiment
The Grover Jewells IPO GMP indicates the unofficial premium at which shares trade in the grey market before listing. A positive GMP trend usually reflects strong investor demand and optimistic listing expectations, while flat or weak GMP suggests cautious sentiment.
Although early trends show improving interest, investors should remember that IPO GMP is purely speculative and may change rapidly based on market conditions, subscription data, and broader sentiment.
Important Note: IPO GMP should be used only as a directional indicator and not as a guaranteed measure of listing gains.
Should You Consider Grover Jewells IPO?
Investors may evaluate the IPO based on:
Company fundamentals
Financial performance
Industry outlook
GMP trends
SME market conditions
As always, aligning investment decisions with risk appetite and financial goals remains essential.
FAQs on Grover Jewells IPO GMP
1. What is Grover Jewells IPO GMP?
Grover Jewells IPO GMP refers to the grey market premium at which shares trade unofficially before listing, offering insight into potential listing performance.
2. Is Grover Jewells IPO a fresh issue?
Yes, the IPO is a 100% fresh issue of 0.38 crore equity shares, with no offer for sale.
3. When will Grover Jewells IPO open?
The IPO will open on February 4, 2026, and close on February 6, 2026.
4. On which exchange will Grover Jewells IPO be listed?
The shares will be listed on the NSE SME platform.
5. What is the minimum investment for retail investors?
Retail investors must apply for 3,200 shares, requiring an investment of ₹2,81,600 at the upper price band.
6. Does IPO GMP guarantee listing profits?
No. Grover Jewells IPO GMP does not guarantee listing gains. Actual performance depends on demand, company fundamentals, and market conditions.
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