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Subscription Status · Feb 04 – Feb 06, 2026 · ₹83–88
The Grover Jewells IPO subscription has recorded strong investor demand with an overall subscription of 19.17× as of Feb 06, 2026, indicating that investors applied for 19.17 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Feb 06, 2026, 5:45 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
729,600 | 8,256,000 |
11.32×
|
- |
|
NII
Non-Institutional Investors
|
548,800 | 20,616,000 |
37.57×
|
- |
|
bNII
Bids above ₹10L
|
364,800 | 16,281,600 |
44.63×
|
- |
|
sNII
Bids below ₹10L
|
184,000 | 4,334,400 |
23.56×
|
- |
|
Retail
Retail Individual Investors
|
1,278,400 | 20,147,200 |
15.76×
|
- |
|
Total
|
2,556,800 | 49,019,200 |
19.17×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 729,600 | - | - | - |
| NII | 548,800 | 1,348,800 | 2.46× | - |
| bNII | 364,800 | 1,001,600 | 2.75× | - |
| sNII | 184,000 | 347,200 | 1.89× | - |
| Retail | 1,278,400 | 1,513,600 | 1.18× | - |
| Total | 2,556,800 | 2,862,400 | 1.12× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 729,600 | 2,785,600 | 3.82× | - |
| NII | 548,800 | 3,560,000 | 6.49× | - |
| bNII | 364,800 | 2,777,600 | 7.61× | - |
| sNII | 184,000 | 782,400 | 4.25× | - |
| Retail | 1,278,400 | 4,329,600 | 3.39× | - |
| Total | 2,556,800 | 10,675,200 | 4.18× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 729,600 | 8,256,000 | 11.32× | - |
| NII | 548,800 | 20,616,000 | 37.57× | - |
| bNII | 364,800 | 16,281,600 | 44.63× | - |
| sNII | 184,000 | 4,334,400 | 23.56× | - |
| Retail | 1,278,400 | 20,147,200 | 15.76× | - |
| Total | 2,556,800 | 49,019,200 | 19.17× | - |
As of February 06, 2026, the Grover Jewells IPO has been subscribed 19.17 times overall. The IPO is fully subscribed with strong investor demand.
The Grover Jewells IPO subscription window was open from February 04, 2026 to February 06, 2026. Investors could apply through their demat account or ASBA facility.
The Grover Jewells IPO has a price band of ₹83 to ₹88 per share, with a lot size of 1,600 shares. Minimum retail investment: ₹132,800 (lower band) or ₹140,800 (upper band).
The QIB category has been subscribed 11.32 times. QIBs were offered 729,600 shares. Strong QIB subscription indicates high institutional confidence.
Retail investors subscribed 15.76 times. Retail was offered 1,278,400 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 37.57×. bNII (>₹10L): 44.63×, sNII (<₹10L): 23.56×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 09, 2026. Check via the registrar's website, Maashitla Securities Pvt. ltd. using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Grover Jewells IPO is expected to list on February 11, 2026. Shares will list on NSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 19.17× means investors have bid for 19.17 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 15.76×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Grover Jewells IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 04 to Feb 06, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Grover Jewells IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Feb 04, 2026Subscription Closes Done
Feb 06, 2026Basis of Allotment Done
Feb 09, 2026Listing on NSE Done
Feb 11, 2026Lottery-based allotment. Based on retail subscription of 15.76×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
