211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Grover Jewells Limited IPO Peer Comparison

Grover Jewells IPO is a SME Upcoming IPO coming on NSE EMERGE with an IPO size of [●] .
This IPO falls under the Jewellery sector, which has seen 45 IPOs to date. Key sector metrics such as average PE ratio, IPO size, EBITDA margin, and PAT margin are compared below with the figures from the Grover Jewells IPO.

Grover Jewells
IPO Details


IPO Industry -
Jewellery

IPOs So Far: 45

Issue Size (IPO)

[●]

Total Fund Raised

₹ 750.94 Cr.

Average Issue Size

₹ 16.69 Cr.

PE Ratio (IPO)

[●] x

Average PE Ratio

24.28 x

EBITDA Margin (IPO)

2.47 %

Average EBITDA Margin

6.63 %

PAT Margin (IPO)

1.65 %

Average PAT Margin

3.7 %

Grover Jewells
IPO Details

IPO Industry

Jewellery

IPOs So Far 45


IPO Fund Raised

[●]

Total Fund Raised

₹ 750.94 Cr.

Average Fund Raised

₹ 16.69 Cr.

IPO PE Ratio

[●] x

IPO EBITDA

2.47 %

IPO PAT

1.65 %

Average PE Ratio

24.28 x

Average EBIDTA

6.63 %

Average PAT

3.7 %

Peer Companies of Grover Jewells IPO as Per DRHP

Grover Jewells IPO Peer Comparison with key metrics mentioned in the DRHP.

Company Name
CMP
FV
Basic EPS
NAV
PE
RoNW %
Revenue
214.14
10
10.34
21.13
20.71
36.56
1106.40
23.60
10
2.60
13.51
9.08
11.57
23.49
137.51
10
9.70
61.26
14.18
15.86
530.14
10
7.15
15.66
45.67
460.80
Company Name CMP FV Basic EPS NAV PE RoNW % Revenue
Shanti Gold International Limited 214.14 10 10.34 21.13 20.71 36.56 1106.40
Retaggio Industries Limited 23.60 10 2.60 13.51 9.08 11.57 23.49
RBZ Jewellers Limited 137.51 10 9.70 61.26 14.18 15.86 530.14
Grover Jewells Limited 10 7.15 15.66 45.67 460.80
Notes

Considering the nature and size of business of the Company, the peers may not be exactly comparable. Hence a strict comparison is not possible. However, the above companies have been included for broader comparison.

Based on full completed financial year ended on March 31, 2025 on Restated basis.

Source for Peer Companies: Annual Report as available of Stock exchange/Company Website (figures as on March 31, 2025)

Data from Prospectus as available on Company Website ***CMP as on 25-09-2025 for Peer Group and IPO price for Grover Jewells Limited.

Peer Comparison of Grover Jewells IPO in This Sector

You can do performance analysis for Grover Jewells IPO with Listed IPOs in the Jewellery sector and review their IPO performance based on Merchant banker, Listing price, IPO Valuation and other metrics.

Select Listed IPO for Comparison:
Basis
Grover Jewells IPO
vs
vs
vs

IPO Date
[●]


IPO Size
[●]

Total Assets
₹ 29.84 Cr.

Revenue
₹ 460.80 Cr.

PAT
₹ 7.62 Cr.

PAT Margin
1.65 %

Leverage Ratio
0.56 x

PE Multiple
[●] x

EV/EBITDA
0.53 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

IPO Performance Report of Jewellery Sector

This IPO report captures the post-listing performance of IPOs in the Jewellery sector, featuring key metrics like offer price, listing gain, and CMP to help investors assess return potential and sector sentiment.

NAME OFFER PRICE LISTING PRICE LISTING GAIN CMP CMP %
Pushpa Jewellers IPO
Financial Report >>
₹ 147.00 ₹ 112.00 -23.81% ₹ 136 -7%
AJC Jewel IPO
Financial Report >>
₹ 95.00 ₹ 99.00 4.21% ₹ 94 -2%
Manoj Jewellers IPO
Financial Report >>
₹ 54.00 ₹ 53.95 -0.09% ₹ 48 -12%
Kenrik Industries IPO
Financial Report >>
₹ 25.00 ₹ 25.01 0.04% ₹ 12 -50%
Retaggio Industries IPO
Financial Report >>
₹ 25.00 ₹ 25.10 0.40% ₹ 24 79%
Divine Hira IPO
Financial Report >>
₹ 90.00 ₹ 85.50 -5.00% ₹ 109 21%
Kabra Jewels IPO
Financial Report >>
₹ 128.00 ₹ 243.20 90.00% ₹ 90 -29%
Avax Apparels IPO
Financial Report >>
₹ 70.00 ₹ 139.65 99.50% ₹ 139 99%
Utssav Cz IPO
Financial Report >>
₹ 110.00 ₹ 115.55 5.05% ₹ 166 51%
Varyaa Creations IPO
Financial Report >>
₹ 150.00 ₹ 270.75 80.50% ₹ 43 -71%
Koura Fine IPO
Financial Report >>
₹ 55.00 ₹ 78.63 42.96% ₹ 42 -24%
Shoora Designs IPO
Financial Report >>
₹ 48.00 ₹ 95.76 99.50% ₹ 59 23%
Khazanchi Jewellers IPO
Financial Report >>
₹ 140.00 ₹ 149.40 6.71% ₹ 597 326%
Dev Labtech IPO
Financial Report >>
₹ 51.00 ₹ 51.00 0.00% ₹ 63 24%
Amanaya Ventures IPO
Financial Report >>
₹ 23.00 ₹ 20.10 -12.61% ₹ 16 -29%
PNGS Gargi IPO
Financial Report >>
₹ 30.00 ₹ 59.85 99.50% ₹ 834 2679%
Veerkrupa Jewellers IPO
Financial Report >>
₹ 27.00 ₹ 25.65 -5.00% ₹ 1 -97%
Nanavati Ventures IPO
Financial Report >>
₹ 50.00 ₹ 50.30 0.60% ₹ 104 108%
Eighty Jewellers IPO
Financial Report >>
₹ 41.00 ₹ 44.10 7.56% ₹ 32 -22%
Ashapuri Gold IPO
Financial Report >>
₹ 81.00 ₹ 75.00 -7.41% ₹ 6 -92%
Laxmi Goldorna IPO
Financial Report >>
₹ 15.00 ₹ 15.00 0.00% ₹ 890 5835%
RO Jewels IPO
Financial Report >>
₹ 36.00 ₹ 36.00 0.00% ₹ 2 -94%
Sona Hi IPO
Financial Report >>
₹ 10.00 ₹ 11.40 14.00% ₹ 255 2445%
Parshva Enterprises IPO
Financial Report >>
₹ 45.00 ₹ 46.00 2.22% ₹ 256 469%
Ashapuri Gold IPO
Financial Report >>
₹ 51.00 ₹ 51.00 0.00% ₹ 6 -88%
Shubhlaxmi Jewel IPO
Financial Report >>
₹ 26.00 ₹ 27.20 4.62% ₹ 16 -39%
S.M. Gold IPO
Financial Report >>
₹ 30.00 ₹ 28.60 -4.67% ₹ 15 -51%
Silgo Retail IPO
Financial Report >>
₹ 36.00 ₹ 36.10 0.28% ₹ 69 91%
Sky Gold IPO
Financial Report >>
₹ 180.00 ₹ 180.45 0.25% ₹ 313 74%
Palm Jewels IPO
Financial Report >>
₹ 30.00 ₹ 35.85 19.50% ₹ 23 -24%
U.H. Zaveri IPO
Financial Report >>
₹ 36.00 ₹ 25.65 -28.75% ₹ 14 -60%
Penta Gold IPO
Financial Report >>
₹ 37.00 ₹ 37.00 0.00% ₹ 9 -75%
Kenvi Jewels IPO
Financial Report >>
₹ 36.00 ₹ 39.10 8.61% ₹ 3 -92%
Gautam Gems IPO
Financial Report >>
₹ 36.00 ₹ 34.60 -3.89% ₹ 4 -89%
Moksh Ornaments IPO
Financial Report >>
₹ 37.00 ₹ 44.40 20.00% ₹ 15 105%
DP Abhushan IPO
Financial Report >>
₹ 28.00 ₹ 33.60 20.00% ₹ 1,431 5009%
Bhakti Gems IPO
Financial Report >>
₹ 20.00 ₹ 20.05 0.25% ₹ 21 4%
Pure Giftcarat IPO
Financial Report >>
₹ 13.00 ₹ 13.25 1.92% ₹ 5 -62%
Veeram Ornaments IPO
Financial Report >>
₹ 45.00 ₹ 46.00 2.22% ₹ 8 -82%
Radhika Jeweltech IPO
Financial Report >>
₹ 75.00 ₹ 71.00 -5.33% ₹ 89 491%
Darshan Orna IPO
Financial Report >>
₹ 60.00 ₹ 61.00 1.67% ₹ 2 -96%
Patdiam Jewellery IPO
Financial Report >>
₹ 38.00 ₹ 58.25 53.29% ₹ 266 600%
Mishka Exim IPO
Financial Report >>
₹ 10.00 ₹ 13.50 35.00% ₹ 37 269%
OP Chains IPO
Financial Report >>
₹ 11.00 ₹ 11.81 7.36% ₹ 31 182%
Shri Krishna IPO
Financial Report >>
₹ 10.00 ₹ 12.45 24.50% ₹ 215 2050%

Sector wise SME IPO Performance Report Available >>

Grover Jewells IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

Listed Peers IPO Details

Shanti Gold International Limited
1st August 2025
IPO Size : 360.11 Cr.
Retaggio Industries Limited
7th April 2025
IPO Size : 15.50 Cr.
RBZ Jewellers Limited
27th December 2023
IPO Size : 100.00 Cr.
Grover Jewells Limited
[●]
IPO Size : [●]
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Explore Other DRHPs

Pushpa Jewellers Limited

  Jewellery

  Kolkata


AJC Jewel Manufacturers Limited

  Jewellery

  Ernakulam


Manoj Jewellers Limited

  Jewellery

  Chennai


Kenrik Industries Limited

  Jewellery

  Ahmedabad


Retaggio Industries Limited

  Jewellery

  Mumbai


Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

FAQs of Grover Jewells IPO

Who are the peers of Grover Jewells IPO?

The peers of Grover Jewells , include other listed companies operating in the (Jewellery) segment. These peer companies typically offer similar services Some of the notable peers as per the DRHP of this company are Shanti Gold International Limited , Retaggio Industries Limited , RBZ Jewellers Limited , Grover Jewells Limited , .
See the complete list of current IPO

What is Peer Comparison in IPO Analysis?

Peer Comparison is the method of evaluating an entity by comparing its performance, size of business form other entities operating in same industry or sector. It involves financial analysis bycomparing key financial metrics like Profitability, Net worth, Market Capitalization and Leverage. Peer comparison is beneficial for investors to make informed investment decisions and to identify any potential risks. IPO Performance tracker

Why Peer Comparison is important for IPO Review?

Peer comparison helps to identify companies in the same sector with a similar business. It helps to compare the financial performance and valuation against its listed peers. An investor or an analyst can decide whether the IPO price is justified when compared to its peers. An investor can make informed decision whether to apply to IPO or not on basis of peer comparison. Know the process of DRHP and Peer companies Information required to be disclosed in DRHP.

As of now 45 SME IPOs are listed in this sector indicating strong growth in this sector. Choosing the best IPO depends on factors like, financial performance, valuation, market trends and future growth plans. IPO Review and performance.

What is a good PE ratio for an Jewellery company?

A good PE Ratio for Jewellery sector depends on various factors like, performance of the company, market conditions, company valuation and IPO Size. PE Ratio varies from sector to sector and company to company. Know the average PE Multiple in each sector.

How many companies are listed in the Jewellery sector?

Currently 45 companies are listed under Jewellery sector. Based on the latest data from the Stock Exchanges. Choose the Best Merchant Banker from the Merchant Banker List

Is Grover Jewells IPO good in comparison with its competitors?

Performance of companies depends on various factors like, profits, future plans, Market share, PE Ratio etc. By assessing these factors investor can make better investment decisions.Grover Jewells Peer comparison provides IPO analysis of companies listed in this sector, on the basis of different Key performance indicators (KPI)like, Listing Gain of peers, current market price, PE Ratio and IPO Size.

Which are the Upcoming IPO in the Jewellery sector?

Upcoming IPO refers to companies which have filed their DRHP with the Stock exchange and are awaiting approval from NSE Emerge or BSE SME. 10 companies have filed their DRHP for SME IPO under Jewellery sector. .New IPO 2025-2026 and Upcoming IPO

How to calculate the PE multiple based on your sector?

PE Multiple is a metrics that is widely used for IPO Valuation. Merchant bankers in coordination with the company decides the PE Multiple.The PE Multiple depends on various factors and it should be analyzed in coordination with other financial metrics. Know the PE ratio of your company with PE Calculator provided by IPOplatform

Explore Other DRHPs

Pushpa Jewellers Limited

  Jewellery

  Kolkata


AJC Jewel Manufacturers Limited

  Jewellery

  Ernakulam


Manoj Jewellers Limited

  Jewellery

  Chennai


Kenrik Industries Limited

  Jewellery

  Ahmedabad


Retaggio Industries Limited

  Jewellery

  Mumbai


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Grover Jewells operates in Jewellery and Specializes In The Manufacturing And Designing Of A Wide Range Of Wholesale Gold Jewellery. The Issue is listed on NSE EMERGE in Oct, 2025. Grover Jewells IPO size was with Issue price of .

Grover Jewells IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Grover Jewells IPO listed at a listing price of against the offer price of .

The current market price of Grover Jewells is .

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency