Data sourced from NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 19.24x·QIB 11.32x·NII 37.92x·Individual 15.74x
Based on individual subscription by applications (15.74×), approximately 1 in 16 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Grover Jewells Limited SME IPO was subscribed 19.24x in total when bidding closed on Feb 6, 2026, with 11.32x in the QIB category, 37.92x in NII, 15.74x in individual across NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Feb 4, 2026 to Feb 6, 2026 at a price band of ₹83–₹88 per share. Allotment was finalised on Feb 9, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 729600 | 8256000 | 11.32 |
| NIIs | 548800 | 20809600 | 37.92 |
| BNIIs (>10L) | 364800 | 16475200 | 45.16 |
| SNIIs (<10L) | 184000 | 4334400 | 23.56 |
| Individual | 1280000 | 20147200 | 15.74 |
| Total | 2558400 | 49212800 | 19.24 |
| Total Applications8,434 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 76 | 1,237 | 16.28 |
| SNIIs (<10L) | 38 | 894 | 23.53 |
| Individual | 400 | 6,296 | 15.74 |
| Total Applications8,434 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 6.42 | 72.65 | 11.32 |
| FIIs | - | 0.00 | - |
| DIIs | - | 0.00 | - |
| Mutual Funds | - | 0.00 | - |
| Others | - | 72.65 | - |
| NIIs | 4.83 | 183.12 | 37.92 |
| BNIIs (>10L) | 3.21 | 144.98 | 45.16 |
| SNIIs (<10L) | 1.62 | 38.14 | 23.56 |
| Individual | 11.26 | 177.3 | 15.74 |
| TOTAL | 22.51 | 433.07 | 19.24 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
4 Feb 2026
5:00 PM
|
0.00x |
2.46x
2.75x
1.89x
|
1.17x | 1.11x |
|
Day 2
5 Feb 2026
5:00 PM
|
3.82x |
6.84x
8.14x
4.25x
|
3.36x | 4.24x |
|
Day 3
6 Feb 2026
5:00 PM
|
11.32x |
37.92x
45.16x
23.56x
|
15.74x | 19.24x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 16.28x |
| sHNI | 23.53x |
| Individual | 15.74x |
Because Grover Jewells closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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