Grover Jewells' shares surpass gray market predictions by listing at a 9% premium to the SME IPO price. On February 11, Grover Jewells' shares made a modest debut on the stock market, going up to Rs 96 per on the NSE Emerge platform. This is a premium of almost 9% above the Rs 88 IPO price per share. With a market valuation of Rs 139.27 crore, the company made its debut on the stock exchanges. Grey market estimates versus listing premium: The listing premium has greatly exceeded grey market expectations, even with the market's lackluster beginning. The company's unlisted shares were trading flat at the IPO price of Rs 88 with no grey market premium (GMP) prior to listing. When the IPO was up for public bidding from February 4 to February 6, the site's quoted GMP was close to 3 percent. The company's unlisted shares were trading at 0 GMP over the IPO price, according to IPO Watch as well. Grover Jewells IPO: Grover Jewells, a gold jewelry manufacturer situated in Delhi, went public in order to generate Rs 33.83 crore by issuing 38.44 lakh shares at a price range of Rs 83–88 each. With a minimum investment of Rs 1.41 lakh, investors could bid for 1,600 shares, and then in multiples. The IPO received over 19 subscriptions between February 4 and February 6, indicating that investors were quite interested in it throughout its three days of public bidding. With approximately 38 bookings of their allotted allocation, non-institutional investors (NII) shown the highest level of interest in the IPO. Qualified institutional buyers (QIB) and retail sections were reserved 11 times and 16 times, respectively. Working capital will be the primary use of the IPO proceeds, with the remaining sum going toward general business needs.

Stock Market on New Year’s Day 2026: NSE & BSE Open, Not Closed

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The BSE and NSE, two Indian stock exchanges, will continue to function normally on Thursday, January 1, despite the fact that the majority of international equities markets are closed.

Trading Status in India

Commodity trading platforms, such as the National Commodity & Derivatives Exchange (NCDEX) and the Multi Commodity Exchange of India (MCX), would likewise be operational from 9 a.m. to 5 p.m. throughout the day, with trade stopped in the evening.

On New Year’s Day, major international markets in the US, China, Hong Kong, Japan, Singapore, France, Germany, the United Arab Emirates, and the United Kingdom will stay closed.

Global Market Closures

Furthermore, China’s and Japan’s stock markets will have an extended New Year’s vacation and remain closed on Friday, January 2.

In the meanwhile, Indian exchanges have released the official trading holiday schedule for 2026, providing traders and investors with advance notice of non-trading days in the currency, derivatives, and cash categories.

📈 Indian Markets on January 1

  • BSE & NSE: Open and trading normally
  • MCX & NCDEX: Open from 9 AM to 5 PM (evening session closed)
  • Reason: No New Year holiday for Indian exchanges
  • Global Markets: US, UK, China, Japan, EU, UAE closed
  • Asia: China & Japan closed on Jan 2 as well

📅 2026 Trading Holiday Snapshot

  • Total Holidays: 15 full trading holidays
  • Starts With: Republic Day – Jan 26
  • Key Holidays: Holi, Ram Navami, Good Friday
  • Mid-Year: Ambedkar Jayanti, Eid al-Adha, Muharram
  • Year-End: Diwali Balipratipada, Christmas
  • Note: Diwali falls on Sunday, no trading holiday

 

2026 Trading Holiday Calendar

The calendar, which was released in accordance with exchange bylaws and F&O standards, includes information on the annual Muhurat Trading session, holidays that fall on weekends, and 15 complete trading holidays for the year—one more than in the current year.

There will be fifteen instances in 2026 when the markets for equities, equity derivatives, and currency derivatives are closed.

Key Trading Holidays in 2026

Important national and religious holidays including Holi (March 3), Ram Navami (March 26), Mahavir Jayanti (March 31), and Good Friday (April 3) are among the trading holidays, which start with Republic Day on January 26.

Ambedkar Jayanti on April 14, Maharashtra Day on May 1, and Eid al-Adha on May 28 are additional holidays.

Second-Half Market Closures

Markets will close on June 26 for Muharram, September 14 for Ganesh Chaturthi, October 2 for Gandhi Jayanti, and October 20 for Dussehra in the second half of the year.

Diwali Balipratipada on November 10 and Guru Nanak Jayanti on November 24 will come next.

Year-End Holidays

Christmas, which falls on December 25, will be the last trade holiday of the year.

Diwali is one noteworthy holiday that is not on the list since it comes on a Sunday in 2026 and is not considered a distinct commercial holiday.

Gourav

About the Author

I’m Gourav Kumar Singh, a graduate by education and a blogger by passion. Since starting my blogging journey in 2020, I have worked in digital marketing and content creation. Read more about me.

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