Grover Jewells IPO Subscription Status
Grover Jewells IPO was subscribed 19.24 times when bidding closed on 6 Feb 2026: QIB 11.32x, NII 37.92x, Retail 15.74x.
The Grover Jewells IPO has been subscribed 19.24x times overall. Retail investors have shown interest with bids for 15.74x the shares available. The Non-Institutional Investor (NII) category has been subscribed 37.92x. Qualified Institutional Buyers (QIBs) have subscribed 11.32x. Data last updated on 25 Aug, 12:55 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 04 Feb, 2026 and closes on 06 Feb, 2026. The shares are expected to list on stock exchanges on 11 Feb, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| Anchor Investors | 10,92,800 of 10,92,800 | -- |
| QIB | 82,56,000 of 7,29,600 | 11.32x |
| NII | 2,08,09,600 of 5,48,800 | 37.92x |
| Retail | 2,01,47,200 of 12,80,000 | 15.74x |
| TOTAL | 4,92,12,800 | 19.24x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Max Applications is the number of allotment slots: one lot per retail winner, and the minimum NII application (the smallest lot count above ₹2 lakh) per sHNI and bHNI winner. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| Retail max 800 | 6,231 | 7.79x | |
| TOTAL (EST.) | 6,231 |
Grover Jewells IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 6.4% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 11.32x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
06 Feb 2026
Day 3 |
19.21x | ▼ | |
|
QIB11.32x
NII37.91x
Retail15.69x
|
|||
|
05 Feb 2026
Day 2 |
4.1x | ▼ | |
|
QIB3.82x
NII6.64x
Retail3.17x
|
|||
|
04 Feb 2026
Day 1 |
1.11x | ▼ | |
|
QIB0.00x
NII2.46x
Retail1.17x
|
|||
Grover Jewells SME IPO dates
From the bidding window to listing. Today is 24 October.
- Open 04 Feb 2026
- Close 06 Feb 2026
- Allotment 09 Feb 2026
- Refund/credit 10 Feb 2026
- Listing 11 Feb 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Grover Jewells IPO?
As of IPO close date (06 Feb, 2026), the Grover Jewells IPO is subscribed 19.24x times. Retail category is 15.74x, and NII is 37.92x subscribed.
When is the allotment date for Grover Jewells IPO?
The allotment for Grover Jewells IPO is expected to be finalized on 09 February, 2026.
When will Grover Jewells IPO list on the stock market?
Grover Jewells is scheduled to list on BSE and NSE on 11 February, 2026.
What are the chances of getting allotment in Grover Jewells IPO?
The retail category is oversubscribed at 15.74x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 11.32x mean for Grover Jewells IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 11.32x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Grover Jewells IPO allotment status?
After the allotment date (09 Feb, 2026), you can check your Grover Jewells IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Grover Jewells SME IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
