Grover Jewells IPO Allotment Anticipated for February 9, Listing Set for February 11
The initial public offering (IPO) of Grover Jewells Ltd, a prominent gold jewellery wholesaler, has successfully concluded its subscription period, attracting robust investor interest. With the bidding window now closed, attention shifts to the critical Grover Jewells IPO allotment date, which is highly anticipated to occur today, Tuesday, February 9, 2026. This milestone will be followed by the official listing of the company's shares on the NSE SME platform on Thursday, February 11, 2026.
IPO Subscription and Key Financial Details
The SME IPO was open for subscription from Wednesday, February 4, to Friday, February 6, 2026. Grover Jewells set its price band at ₹88 per equity share, raising a total of ₹33.83 crore through a fresh issue of 38.44 lakh shares. The public issue witnessed overwhelming demand, being subscribed 19.16 times overall. Breaking down the subscription figures, the individual investors category was booked 15.74 times, the Qualified Institutional Buyers (QIB) category, excluding anchor investors, saw 11.32 times subscription, and the Non-Institutional Investors (NII) segment recorded an impressive 37.57 times subscription.
Allotment Process and Refund Timeline
Once the basis of share allotment is finalized, the equity shares will be credited directly into the demat accounts of successful allottees. For investors who did not receive an allotment, refunds will be initiated promptly on Wednesday, February 10, 2026. Finshore Management Services Ltd. acted as the book running lead manager for this issue, while Maashitla Securities Pvt. Ltd. serves as the official registrar for the Grover Jewells IPO.
How to Check Grover Jewells IPO Allotment Status Online
Investors can conveniently verify their allotment status through two primary online portals: the National Stock Exchange (NSE) website and the registrar's website.
Checking Allotment Status via NSE Website
- Visit the NSE allotment status page dedicated to IPO bids.
- Select the 'Equity and SME IPO bids' option from the available choices.
- From the Issue Name dropdown menu, choose 'Grover Jewells Limited'.
- Enter your Permanent Account Number (PAN) and Application Number accurately.
- Click on the 'Submit' button to view your Grover Jewells IPO allotment status displayed on the screen.
Checking Allotment Status via Maashitla Securities Website
- Navigate to the IPO registrar's allotment status webpage.
- In the Select Company dropdown menu, choose 'Grover Jewells Limited'.
- Select your preferred identification method: PAN, Application Number, or Demat Account Number.
- Enter the corresponding details as per the option selected.
- Click on the 'Search' button to retrieve and display your Grover Jewells IPO allotment status.
Grey Market Premium and Listing Price Estimate
In the unlisted market, Grover Jewells shares are exhibiting a subdued trend with a modest grey market premium (GMP). According to market analysts, the Grover Jewells IPO GMP today stands at ₹2 per share. This indicates that in the grey market, the shares are trading at a premium of ₹2 over the issue price of ₹88 per share. Consequently, the estimated listing price is projected to be approximately ₹90 per share, representing a premium of 2.27% over the IPO price. This GMP level suggests cautious optimism among investors regarding the stock's initial performance upon listing.
Final Thoughts and Investor Guidance
The Grover Jewells IPO has demonstrated significant market appeal, particularly among retail and non-institutional investors. As the allotment process unfolds, investors are advised to monitor their demat accounts and bank statements for updates. The listing on NSE SME on February 11 will mark a new chapter for the company, providing liquidity and growth opportunities in the public market. Staying informed through official channels like NSE and the registrar's website is crucial for timely updates and accurate information.
