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15 Days Price Change

Grover Jewells IPO

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WEBSITE Inc. Year: 2021 Industry: Diamond & Jewellery Listed Page

Profile
Issue Size 24.22 Cr
Profile
Price Range 83  to  88 per share
Profile
Min Investment ₹88
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our company specializes in the manufacturing and designing of a wide range of wholesale gold jewellery. Our collections include plain gold, studded, and semi-finished jewellery, mostly available in 22 Karat, 20 Karat, and 18 Karat. We also sell hallmarked as well as non-hallmarked jewellery in our two (2) showrooms located at Karol Bagh, New Delhi and Chandni Chowk, Delhi. Read More

Basic Info

Face Value 10 per share

Price 83  to  88 per share

P/E (x) 3.1

Sales( Cr.) 461

PAT( Cr.) 8

EPS 28.6

Draft Prospectus

Exchange NSE-SME

Promoter

Company Promoters

Deepak Kumar Grover Lavkesh Kumar Grover Bhawna Grover

Pre Issue Share Holding 100%

Post Issue Share Holding 73.5%

Listing Details:

Listing Price: 96

Listing Gain: 8.33%

Current Price: 126.4

Gain On Issue: 126.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 04, 2026
Closing Date Feb 06, 2026
Allotment Feb 09, 2026
Refund Feb 10, 2026
Delivery of Shares Feb 10, 2026
Listing Date Feb 11, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3200 281,600
Retail (Max) -- -- --
S-HNI (Min) 1 3200 281,600
S-HNI (Max) 3 9600 844,800
B-HNI (Min) 4 12800 1,126,400

Objective of the Issue

A. To meet Working Capital RequirementsB. General Corporate Purposes

Issue

Category Nos Bid Bid (x)
QIB 0 8256000 0x
NII 0 20809600 0x
Retail 0 20147200 0x
EMP 0 0 0x
Total 0 49212800 0x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Grover Jewells Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 255 258 461
Other Income 0 0 0
Total Income 255 258 461
Total Expenditure 251 253 450
Operating Profit 4 5 11
Interest 0 0 1
Depreciation 1 1 1
Exceptional Income / Expenses -0 0 0
Profit Before Tax 3 3 9
Provision for Tax 1 1 2
Profit After Tax 3 3 8
Adjustments 0 0 0
Profit After Adjustments 3 3 8
Adjusted Earnings Per Share 2.5 2.6 7.1

Grover Jewells Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 6 9 17
Minority's Interest 0 0 0
Borrowings 4 4 6
Other Non-Current Liabilities 0 0 0
Total Current Liabilities 2 1 7
Total Liabilities 12 14 30
Fixed Assets 3 4 5
Other Non-Current Assets 0 0 0
Total Current Assets 9 10 25
Total Assets 12 14 30

Grover Jewells Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 1
Cash Flow from Operating Activities 2 3 0
Cash Flow from Investing Activities -2 -2 -2
Cash Flow from Financing Activities 0 0 4
Net Cash Inflow / Outflow 0 0 2
Closing Cash & Cash Equivalent 0 1 3

Grover Jewells Ratios

# Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.54 2.61 7.15
CEPS(Rs) 3.03 3.6 8.28
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 5.9 8.51 15.66
Core EBITDA Margin(%) 1.62 1.82 2.44
EBIT Margin(%) 1.41 1.45 2.21
Pre Tax Margin(%) 1.29 1.31 2.02
PAT Margin (%) 1.06 1.08 1.65
Cash Profit Margin (%) 1.27 1.49 1.91
ROA(%) 23.16 21.82 35.06
ROE(%) 43 36.2 59.17
ROCE(%) 35.82 32.15 51.94
Receivable days 0.39 0.81 0.54
Inventory Days 11.24 10.88 10.84
Payable days 1.96 1.02 1.08
PER(x) 0 0 0
Price/Book(x) 0 0 0
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.02 0.02 0.02
EV/Core EBITDA(x) 1.44 1.24 0.76
Net Sales Growth(%) 0 1.1 78.67
EBIT Growth(%) 0 4.1 172.63
PAT Growth(%) 0 2.78 174.15
EPS Growth(%) 0 2.79 174.15
Debt/Equity(x) 0.59 0.46 0.56
Current Ratio(x) 4.61 10.8 3.43
Quick Ratio(x) 0.4 2.33 0.66
Interest Cover(x) 11.61 10.21 11.67
Total Debt/Mcap(x) 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 79% 0% 0% 0%
Operating Profit CAGR 120% 0% 0% 0%
PAT CAGR 167% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 59% 46% 46% 46%
ROCE Average 52% 40% 40% 40%

Company Contact Information

Grover Jewells Ltd.

Drishti Jaiswal

+91 9218012596

cs@groverjewells.com

Unit No. 110-118, 1st Floor K L J Tower North Netaji Subhash Place, Pitampura

IPO Lead Manager(s)

Grover Jewells Ltd.

Finshore Management Services Ltd.

Registrar Info

Grover Jewells Ltd.

Maashitla Securities Pvt Ltd.

451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, New Delhi – 110034

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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