Comparison between Grover Jewells IPO and Manilam Industries IPO.
Grover Jewells IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Manilam Industries IPO is a SME Bookbuilding proposed to list at NSE SME.
| Grover Jewells IPO | Manilam Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Finshore Management Services Ltd. | NEXGEN Financial Solutions Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MAS Services Ltd. |
| Market Maker | Anant Securities | Nikunj Stock Brokers 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 Manilam Industries IPO is up to ₹37.94 Cr. The final issue price of Grover Jewells IPO is ₹88.00 per share and of Manilam Industries IPO is ₹69.00 per share.
| Grover Jewells IPO | Manilam Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | ₹65.00 per share |
| Issue Price (Upper) | ₹88.00 per share | ₹69.00 per share |
| Issue Price (Final) | ₹88.00 per share | ₹69.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 2000 shares |
| Fresh Issue Size | 36,51,200 shares | 44,06,000 shares |
| Fresh Issue Size (Amount) | up to ₹32.13 Cr | up to ₹30.40 Cr |
| OFS Issue Size | 0 shares | 10,92,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.53 Cr |
| Issue Size Total | 36,51,200 shares | 54,98,000 shares |
| Issue Size Total (Amount) | up to ₹32.13 Cr | up to ₹37.94 Cr |
Grover Jewells IPO opens on Feb 04, 2026, while Manilam Industries IPO opens on Feb 20, 2026. The closing date of Grover Jewells IPO and Manilam Industries IPO is Feb 06, 2026, and Feb 24, 2026, respectively.
| Grover Jewells IPO | Manilam Industries IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | Feb 19, 2026 |
| Issue Open | Feb 04, 2026 | Feb 20, 2026 |
| Issue Close | Feb 06, 2026 | Feb 24, 2026 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Feb 25, 2026 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Feb 26, 2026 |
| Credit of Share (Tentative) | Feb 10, 2026 | Feb 26, 2026 |
| Listing date (Tentative) | Feb 11, 2026 | Feb 27, 2026 |
| Anchor Lockin End date 1 | Mar 13, 2026 | Mar 27, 2026 |
| Anchor Lockin End date 2 | May 12, 2026 | May 26, 2026 |
Grover Jewells IPO P/E ratio is 12.31, as compared to Manilam Industries IPO P/E ratio of 16.04.
| Grover Jewells IPO | Manilam Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 78.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.48 | 61.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.31 | 16.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹127.66 Cr. | ₹150.75 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.80 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45 | 36.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.15 | ₹4.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.67 | 24.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Grover Jewells IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Manilam Industries IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered 7,29,600 shares in Grover Jewells IPO and 11,04,000 shares in Manilam Industries IPO.
| Grover Jewells IPO | Manilam Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,92,800 shares | 16,38,000 shares |
| Market Maker Reservation | 1,93,600 shares | 2,92,000 shares |
| QIB | 7,29,600 shares | 11,04,000 shares |
| NII | 5,48,800 shares | 8,28,000 shares |
| RII | 12,80,000 shares | 19,28,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 36,51,200 shares | 54,98,000 shares |
Grover Jewells IPO subscribed 19.16x in total, whereas Manilam Industries IPO subscribed 6.25x.
| Grover Jewells IPO | Manilam Industries IPO | |
|---|---|---|
| QIB (times) | 11.32x | 2.24x |
| NII (times) | 37.57x | 12.49x |
| Big NII (times) | 44.63x | 14.16x |
| Small NII (times) | 23.56x | 9.14x |
| RII (times) | 15.74x | 5.88x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 19.16x | 6.25x |
