ListedSMEDiamond & JewelleryGJL

Grover Jewells IPO

Grover Jewells IPO is an SME IPO raising ₹34 Cr at ₹83 – ₹88 a share. It listed on 11 Feb 2026 at ₹96, +9.1% against its issue price of ₹88, and trades at ₹270 today (+206.8% since issue). It was subscribed 19× in total.

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₹88

Issue price

₹270

Price now

+206.8%

Since issue price

11 Feb 2026

Listed on

19×Subscribed (final) · all exchanges

19.1 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹83 – ₹88

Cut-off price₹88

Issue size₹34 Cr

Shares per lot1600

Minimum application₹1,40,800

Minimum quantity3200

Face value₹10

Listing exchangesNSE

ISININE1TY801010

Bidding hours10:00 – 17:00 IST

Bidding window4 Feb 2026 – 6 Feb 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.