Grover Jewells SME IPO Subscription Status
Grover Jewells SME IPO closed on 6 February 2026 with an overall subscription of 19.24x based on shares applied. QIB demand came in at 11.32x, NII at 37.92x, and retail at 15.74x.
Allotment will be finalised on 9 February 2026. The stock is scheduled to list on NSE and BSE on 11 February 2026.
Issue Price
Rs 88.00
GMP Today
-
Overall Subscription
19.24x
Issue Size
₹32.13 Cr
Allotment Date
9 Feb 2026
Listing Date
11 Feb 2026
Grover Jewells SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 88.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 6.42 Cr | Rs 72.65 Cr | 11.32x |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 72.65 Cr | - |
| NII | Rs 4.83 Cr | Rs 183.12 Cr | 37.92x |
| bNII (above Rs 10L) | Rs 3.22 Cr | Rs 144.98 Cr | 45.03x |
| Corporate | - | Rs 4.84 Cr | - |
| Individual | - | Rs 135.06 Cr | - |
| Other | - | Rs 5.08 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.61 Cr | Rs 38.14 Cr | 23.69x |
| Corporate | - | Rs 1.44 Cr | - |
| Individual | - | Rs 34.47 Cr | - |
| Other | - | Rs 2.24 Cr | - |
| IND | Rs 11.26 Cr | Rs 177.30 Cr | 15.74x |
| Total | Rs 22.51 Cr | Rs 433.07 Cr | 19.24x |
Grover Jewells SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 456 | 7 | 0.02x |
| FII | - | - | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 7 | - |
| NII | 114 | 2,131 | 18.69x |
| bNII (above Rs 10L) | 76 | 1,237 | 16.28x |
| Corporate | - | 43 | - |
| Individual | - | 1,163 | - |
| Other | - | 31 | - |
| sNII (Rs 2L to Rs 10L) | 38 | 894 | 23.53x |
| Corporate | - | 34 | - |
| Individual | - | 807 | - |
| Other | - | 53 | - |
| IND | 400 | 6,296 | 15.74x |
| Total | 970 | 8,434 | 8.69x |
What Do These Subscription Numbers Mean?
A subscription of 19.24x by shares means the IPO received bids for 19 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 11.32x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 11.32x, it reflects serious institutional conviction.
NII at 18.69x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 16.28x and sNII at 23.53x by applications. Share subscription was 37.92x. Allotment uses application count, not share volume.
At 15.74x subscription by applications, approximately 1 in 16 retail applicants can expect an allotment (~6% per application). Retail allotment is done by lottery when oversubscribed.
Grover Jewells SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 15.74x.
- •Allotment odds: about 1 in 16 (~6% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 23.53x.
- •Allotment odds: about 1 in 24 for a minimum-lot application (~4% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 16.28x.
- •Allotment odds: about 1 in 16 for a minimum-lot application (~6% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 45.03x. Allotment uses application count, not share volume.
Check the Grover Jewells SME IPO Allotment Status page from 9 February 2026 for your allotment result.
Grover Jewells SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 4 Feb 2026 | 0.00x | 2.46x | 1.18x | 1.12x |
| Day 2 - 5 Feb 2026 | 0.00x | 3.24x | 2.10x | 1.75x |
Grover Jewells SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 4 February 2026 |
| IPO Close Date | 6 February 2026 |
| Allotment Date | 9 February 2026 |
| Refund Initiation | 10 February 2026 |
| Share Credit to Demat | 10 February 2026 |
| Listing Date | 11 February 2026 |
| Minimum Investment | Rs 2,81,600.00 |
| Lot Size | 1600 shares |
About Grover Jewells SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Grover Jewells SME IPO Subscription FAQs
What is Grover Jewells SME IPO subscription status today?
Grover Jewells SME IPO subscription closed on 6 February 2026 with overall subscription of 19.24x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 11.32x, NII 18.69x, IND 15.74x.
What is the overall subscription of Grover Jewells SME IPO?
Grover Jewells SME IPO is subscribed 19.24x overall by shares at close on 6 February 2026. QIB 11.32x, NII 18.69x, and IND 15.74x.
What is Grover Jewells SME IPO QIB subscription?
Grover Jewells SME IPO QIB (Qualified Institutional Buyers) subscription is 11.32x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Grover Jewells SME IPO IND subscription?
Grover Jewells SME IPO IND subscription is 15.74x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Grover Jewells SME IPO NII subscription?
Grover Jewells SME IPO NII (Non-Institutional Investors) subscription is 18.69x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Grover Jewells SME IPO for retail?
At 15.74x subscription by applications, approximately 1 in 16 retail applicants can expect an allotment (~6% per application). Allotment is done by lottery.
When is Grover Jewells SME IPO allotment date?
Grover Jewells SME IPO allotment date is 9 February 2026. Check Grover Jewells SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Grover Jewells SME IPO subscription close?
Grover Jewells SME IPO subscription closed on 6 February 2026. No new applications are accepted after the close.
What is Grover Jewells SME IPO GMP today?
GMP for Grover Jewells SME IPO is not available yet. Track Grover Jewells SME IPO GMP Today on IPOwiz once grey market activity starts.
What is Grover Jewells SME IPO issue price and lot size?
Grover Jewells SME IPO issue price is ₹88 per share. Lot size is 1600 shares. Minimum investment is ₹2,81,600 per lot (minimum 2 lots for SME). Issue size: ₹32.13 Cr.
When is Grover Jewells SME IPO listing date?
Grover Jewells SME IPO listing date is 11 February 2026 on NSE and BSE. Allotment is on 9 February 2026.
How does subscription affect Grover Jewells SME IPO allotment?
Allotment odds in Grover Jewells SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 18.69x by applications means roughly 1 in 19 for minimum-lot bids; bNII at 16.28x (~1 in 16). At 19.24x overall, competition is high.
For allotment results from 9 February 2026, visit the Grover Jewells SME IPO Allotment Status page. For listing day updates on 11 February 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.