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.

300% Return in Just One Year! This Small-Cap Stock Hits Upper Circuit

by

Multibagger small-cap stock: During Friday’s trading session, the share price of Spice Lounge Food Works reached a 5% upper circuit.

Spice Lounge Food Works Share Price Movement

On January 2, the small-cap stock started at ₹37.58 per share, up from the previous close of ₹37.97. The stock fell 3.41% to reach an intraday low of ₹36.30 in the early trading hours, but the small-cap company turned positive, rising as high as 9.81% from intraday low levels on the BSE.

The strong demand probably caused the multibagger stock to rise. About 1.6 lakh shares were traded during Friday’s session, according to statistics from the BSE.

Recent Advancements at Spice Lounge Food Works

In a strategic move into technology-enabled solutions for the food service and hospitality industry, the firm announced on December 19 that it had acquired a 100% share in Singapore-based Prisha Infotech for a total price of $1,50,000.

Spice Lounge Food Works Limited’s long-term plan of growth, diversification, and worldwide presence is in line with the purchase. According to a December 19 exchange filing, the incorporation of Prisha Infotech’s programming and software development skills would bolster the company’s digital basis and provide access to global markets via Singapore.

About Prisha Infotech

Founded on May 6, 2021, Prisha Infotech is a company in the IT and IT-enabled services industry with a focus on programming and software development.

On December 4, Spice Lounge Foods Work revealed a significant growth development: it has acquired the exclusive Master Franchise rights for Wing Zone, a well-known quick-service restaurant (QSR) brand known around the world with its flavor-driven, chicken-based menu.

Expansion Strategy in QSR Segment

This strategic partnership increases the company’s chances of quick expansion in India’s growing QSR industry and represents its entry into a well-known worldwide food category.

The Financial Results of Spice Lounge Food Works

Strong Q2FY26 results support Spice Lounge Food Works’ solid trend. Net profit increased 300% year over year to ₹3.4 crore from ₹0.83 crore for the quarter that concluded on September 30, 2025.

While overall income increased to ₹49 crore from ₹18.2 crore in Q2FY25, revenue from operations jumped 158% to ₹46.20 crore from ₹18 crore a year earlier.

EBITDA of ₹4.15 crore demonstrated increased operational effectiveness. Compared to the same quarter previous year, total comprehensive revenue increased significantly to ₹3.50 crore.

Trends in the Share Price of Spice Lounge Food Works

Despite being one of the SME segment’s top performers, the small-cap company has not impressed short-term investors. The multibagger stock has dropped 17% in a month and 10.12% over the last five sessions.

However, when examining the company’s long-term share price performance, Spice Lounge Food Works shares have seen notable increases of 38% over the last six months and multibagger returns of an astounding 297.41% over the past year.

With an astounding 3,306.84% return over the last five years, the small-cap stock has been a wealth-creating engine for its long-term investors.

BSE Listing and 52-Week Range

Only the BSE lists shares of Spice Lounge Food Works. The small-cap multibagger stock had a 52-week low of ₹7.69 on March 10, 2025, and a 52-week high of ₹72.20 on November 24, 2025.

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.

Leave a Comment