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News Details

( As on 30/01/2026 12:10)

Grover Jewells announces launch of initial public offering

Grover Jewells Ltd. has announced public offering of 3844800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 78.00 per share. The gross proceeds of the issue are expected to be Rs 3,383.42 lakhs.

The company's initial public offer (IPO) will open on 04 February 2026 and is expected to close on 06 February 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 83.00-88.00 per share.

The IPO includes a fresh Issue of 3844800 Equity Shares of the Company at an price of Rs 88.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Grover Jewells Ltd. anticipates using the proceeds of the issue for .

Finshore Management Services Ltd. as lead manager & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.