Comparison between Grover Jewells IPO and Rajnandini Fashion India IPO.
Grover Jewells IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajnandini Fashion India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Anant Securities | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Grover Jewells IPO is up to ₹32.13 Cr whereas the issue size of the Rajnandini Fashion India IPO is up to ₹17.29 Cr. The final issue price of Grover Jewells IPO is ₹88.00 per share and of Rajnandini Fashion India IPO is ₹63.00 per share.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | ₹59.00 per share |
| Issue Price (Upper) | ₹88.00 per share | ₹63.00 per share |
| Issue Price (Final) | ₹88.00 per share | ₹63.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 2000 shares |
| Fresh Issue Size | 36,51,200 shares | 27,44,000 shares |
| Fresh Issue Size (Amount) | up to ₹32.13 Cr | up to ₹17.29 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 36,51,200 shares | 27,44,000 shares |
| Issue Size Total (Amount) | up to ₹32.13 Cr | up to ₹17.29 Cr |
Grover Jewells IPO opens on Feb 04, 2026, while Rajnandini Fashion India IPO opens on May 26, 2026. The closing date of Grover Jewells IPO and Rajnandini Fashion India IPO is Feb 06, 2026, and May 29, 2026, respectively.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | May 25, 2026 |
| Issue Open | Feb 04, 2026 | May 26, 2026 |
| Issue Close | Feb 06, 2026 | May 29, 2026 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Jun 01, 2026 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Jun 02, 2026 |
| Credit of Share (Tentative) | Feb 10, 2026 | Jun 02, 2026 |
| Listing date (Tentative) | Feb 11, 2026 | Jun 03, 2026 |
| Anchor Lockin End date 1 | Mar 13, 2026 | Jun 30, 2026 |
| Anchor Lockin End date 2 | May 12, 2026 | Aug 29, 2026 |
Grover Jewells IPO P/E ratio is 12.31, as compared to Rajnandini Fashion India IPO P/E ratio of 9.31.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 97.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.48 | 70.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.31 | 9.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹127.66 Cr. | ₹65.33 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 74.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45 | 40.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.56 | 0.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.15 | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.67 | 54.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Grover Jewells IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Rajnandini Fashion India IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered 7,29,600 shares in Grover Jewells IPO and 5,48,000 shares in Rajnandini Fashion India IPO.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,92,800 shares | 8,18,000 shares |
| Market Maker Reservation | 1,93,600 shares | 1,46,000 shares |
| QIB | 7,29,600 shares | 5,48,000 shares |
| NII | 5,48,800 shares | 4,14,000 shares |
| RII | 12,80,000 shares | 9,64,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 36,51,200 shares | 27,44,000 shares |
Grover Jewells IPO subscribed 13.43x in total, whereas Rajnandini Fashion India IPO subscribed 143.01x.
| Grover Jewells IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| QIB (times) | 11.32x | 122.04x |
| NII (times) | 37.57x | 393.63x |
| Big NII (times) | 44.63x | 490.63x |
| Small NII (times) | 23.56x | 199.64x |
| RII (times) | 15.74x | 168.63x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 13.43x | 143.01x |
