Description

Grover Jewells Limited's equity shares to be listed on NSE EMERGE SME Platform from February 11, 2026, with trading symbol GJL in Trade for Trade Surveillance Segment.

Summary

National Stock Exchange of India has notified the listing of Grover Jewells Limited’s equity shares on the EMERGE SME Platform effective February 11, 2026. The company’s shares will trade under symbol GJL with ISIN INE1TY801010. The IPO consists of 14,507,200 equity shares of face value Rs. 10/- each at an issue price of Rs. 88/- per share. Shares will initially trade in Series ‘ST’ (Trade for Trade Surveillance Segment with Settlement Type ‘W’) before shifting to Series ‘SM’ (Normal Rolling Segment).

Key Points

  • Trading Symbol: GJL
  • ISIN: INE1TY801010
  • Listing Date: February 11, 2026
  • Total Securities: 14,507,200 equity shares
  • Face Value: Rs. 10/- per share
  • Issue Price: Rs. 88/- per share
  • Market Lot: 1,600 equity shares
  • Initial Trading Series: ST (Trade for Trade Surveillance Segment - Settlement Type ‘W’)
  • Future Series: SM (Normal Rolling Segment - Settlement Type ‘N’)
  • Market Maker: Anant Securities
  • Maximum Permissible Spread: Within 10%
  • Security available for pre-open session for IPO category
  • Continuous market trading as per Exchange Circular NSE/CMTR/37202 dated March 14, 2018

Regulatory Changes

No regulatory changes introduced. This circular follows existing SEBI regulations:

  • SEBI circular CIR/MRD/DP/01/2012 & CIR/MRD/DP/02/2012 dated January 20, 2012 for pre-open session and trade-for-trade segment procedures
  • NSE Regulation 3.1.1 of Capital Market Trading Regulations Part A for admission to dealings
  • NSE Regulation 2.5.5 of Capital Market Trading Regulations Part A for lot size specifications

Compliance Requirements

  • Members must identify the security by designated code GJL for trading
  • Trading must be conducted in specified lot size of 1,600 equity shares
  • Shares subject to lock-in provisions as specified in Annexure I
  • Company Secretary and Compliance Officer: Ms. Drishti Jaiswal (cs@groverjewells.com, +91 9218012596)
  • Registrar & Transfer Agent: Maashitla Securities Private Limited
  • Market Maker obligations as per agreement with Anant Securities

Important Dates

  • Circular Date: February 10, 2026 (Circular Ref. No.: 0212/2026)
  • Listing Effective Date: February 11, 2026
  • Lock-in Expiry Dates (as per Annexure I):
    • 3,881,480 shares: February 14, 2027
    • 3,879,480 shares: February 14, 2028
    • 6,746,240 shares: February 14 (year not fully specified in annexure)
  • Financial Year: April 2025 - March 2026

Impact Assessment

Market Impact: Low - This is a routine SME segment listing with no broader market implications. The listing adds one new security to the EMERGE SME Platform.

Operational Impact: Minimal - Standard listing procedures apply. The security will be part of the Trade for Trade Surveillance Segment initially, requiring delivery-based settlement, which is typical for new SME listings to ensure controlled trading.

Investor Impact: Limited to SME investors - Market lot of 1,600 shares at Rs. 88/- per share requires minimum investment of Rs. 1,40,800. Lock-in provisions apply to promoter holdings as per standard IPO norms. Pari passu status confirmed for all equity shares.

Company Details: Grover Jewells Limited is registered in Delhi (North West) at House No C-44/5, 1st Floor, Lawrance Road, Industrial Area, Keshavpuram. Contact: cs@groverjewells.com, www.groverjewells.com.

Impact Justification

Routine SME IPO listing notification with standard procedures; limited market-wide impact as it affects only new SME segment listing