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IPO Synopsis

Grover Jewells Ltd
  • 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 Rs.10/- each ("Equity Shares") of Grover Jewells Limited (the "Company" or the "Issuer") for cash at a price of Rs.88 per equity share, including a share premium of Rs.78 per equity share (the "Issue Price"), aggregating to Rs.33.83 crores ("the Issue"), of which 1,93,600 equity shares of face value of Rs.10/- each for cash at a price of Rs.88 per equity share, aggregating to Rs.1.70 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 Rs.10/- each for cash at a price of Rs.88 per equity share, aggregating to Rs.32.13 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: Rs. 88 per equity share of face value Rs. 10/- 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
Opens On Closes On
04-Feb-26 06-Feb-26
Money Payable On
Application Allotment
88.00 0.00
Minimum Application for shares in Nos : 3200 Further Multiples of : 1600
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 0.00 Finshore Management Services Limited
Project Financed through Current Offer (.Cr) 33.83  
Post Issue Equity Share Capital (.Cr) 14.51
Issue Price () 88.00
Projects
Working Capital Requirements
Issue Related Expenses
General Corporate Expenses
Promoted By
Deepak Kumar Grover
Lavkesh Kumar Grover
Bhawna Grover
Listing At
NSE - SME
Registrar to the Issue
Maashitla Securities Pvt Ltd
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