Mumbai, Feb. 11 -- The scrip was listed at Rs 96, a premium of 9.09% compared with the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 100.80 and a low of Rs 91.40. About 23.98 lakh shares of the company changed hands at the counter.

Grover Jewells' IPO was subscribed 12.79 times. The issue opened for bidding on 4 February 2026 and it closed on 6 February 2026. The price band of the IPO was fixed between Rs 83 to Rs 88 per equity share.

The IPO comprised fresh issue of 38,44,800 equity shares. The promoter and promoter shareholding diluted to 73.50% from 100% pre-IPO.

The company intends to utilize the net proceeds for working capital require...