Comparison between Grover Jewells IPO and Tipco Engineering IPO.
Grover Jewells IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Tipco Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.
| Grover Jewells IPO | Tipco Engineering 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. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Anant Securities | Shreni Shares 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 Tipco Engineering IPO is up to ₹51.46 Cr. The final issue price of Grover Jewells IPO is ₹88.00 per share and of Tipco Engineering IPO is ₹89.00 per share.
| Grover Jewells IPO | Tipco Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹83.00 per share | ₹84.00 per share |
| Issue Price (Upper) | ₹88.00 per share | ₹89.00 per share |
| Issue Price (Final) | ₹88.00 per share | ₹89.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 36,51,200 shares | 44,27,200 shares |
| Fresh Issue Size (Amount) | up to ₹32.13 Cr | up to ₹39.40 Cr |
| OFS Issue Size | 0 shares | 13,55,200 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.06 Cr |
| Issue Size Total | 36,51,200 shares | 57,82,400 shares |
| Issue Size Total (Amount) | up to ₹32.13 Cr | up to ₹51.46 Cr |
Grover Jewells IPO opens on Feb 04, 2026, while Tipco Engineering IPO opens on Mar 23, 2026. The closing date of Grover Jewells IPO and Tipco Engineering IPO is Feb 06, 2026, and Mar 25, 2026, respectively.
| Grover Jewells IPO | Tipco Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | Mar 20, 2026 |
| Issue Open | Feb 04, 2026 | Mar 23, 2026 |
| Issue Close | Feb 06, 2026 | Mar 25, 2026 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Mar 27, 2026 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Mar 30, 2026 |
| Credit of Share (Tentative) | Feb 10, 2026 | Mar 30, 2026 |
| Listing date (Tentative) | Feb 11, 2026 | Apr 01, 2026 |
| Anchor Lockin End date 1 | Mar 13, 2026 | Apr 26, 2026 |
| Anchor Lockin End date 2 | May 12, 2026 | Jun 25, 2026 |
Grover Jewells IPO P/E ratio is 12.31, as compared to Tipco Engineering IPO P/E ratio of 8.73.
| Grover Jewells IPO | Tipco Engineering IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 87.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.48 | 57.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.31 | 8.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹127.66 Cr. | ₹184.83 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 68.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 45 | 33.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.56 | 1.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.15 | ₹10.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 45.67 | 46.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Grover Jewells IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Tipco Engineering IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered 7,29,600 shares in Grover Jewells IPO and 11,56,800 shares in Tipco Engineering IPO.
| Grover Jewells IPO | Tipco Engineering IPO | |
|---|---|---|
| Anchor Investor Reservation | 10,92,800 shares | 17,20,000 shares |
| Market Maker Reservation | 1,93,600 shares | 10,20,800 shares |
| QIB | 7,29,600 shares | 11,56,800 shares |
| NII | 5,48,800 shares | 8,73,600 shares |
| RII | 12,80,000 shares | 20,32,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 36,51,200 shares | 57,82,400 shares |
Grover Jewells IPO subscribed 13.43x in total, whereas Tipco Engineering IPO subscribed 1.20x.
| Grover Jewells IPO | Tipco Engineering IPO | |
|---|---|---|
| QIB (times) | 11.32x | 3.20x |
| NII (times) | 37.57x | 2.12x |
| Big NII (times) | 44.63x | 2.81x |
| Small NII (times) | 23.56x | 0.74x |
| RII (times) | 15.74x | 0.66x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 13.43x | 1.20x |
