Grover Jewells shares will list on the NSE SME platform on February 11. Grey market indicators suggest a flat debut. The Rs 34 crore IPO saw strong investor demand, subscribed 19.16 times. The company manufactures wholesale gold jewellery and operates showrooms in Delhi. IPO proceeds will fund working capital and general corporate needs. Listing performance will depend on fundamentals.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets