Grover Jewells IPO Subscription
Grover Jewells Subscription Overview
Grover Jewells: Category QIB offered 7,31,200 shares, applied 82,56,000 shares, with a subscription of 11.29x, and total amount raised is 72.65 Cr. Category HNI offered 5,48,800 shares, applied 2,08,09,600 shares, with a subscription of 37.92x, and total amount raised is 183.12 Cr. Category BHNI (8+ Lots) offered 3,64,800 shares, applied 1,64,75,200 shares, with a subscription of 45.16x, and total amount raised is 144.98 Cr. Category SHNI (3 - 7 Lots) offered 1,84,000 shares, applied 43,34,400 shares, with a subscription of 23.56x, and total amount raised is 38.14 Cr. Category Individual Investor (2 Lots) offered 12,78,400 shares, applied 2,01,47,200 shares, with a subscription of 15.76x, and total amount raised is 177.30 Cr. Category Total offered 25,58,400 shares, applied 4,92,12,800 shares, with a subscription of 19.24x, and total amount raised is 433.07 Cr.
Grover Jewells: For QIB, - shares were reserved, max winners were -, 7 were applied, application-wise subscription was -, and people-based subscription was -. For BHNI (8+ Lots), 228 shares were reserved, max winners were 76, 1,237 were applied, application-wise subscription was 5.43x, and people-based subscription was 16x. For SHNI (3 - 7 Lots), 114 shares were reserved, max winners were 38, 894 were applied, application-wise subscription was 7.84x, and people-based subscription was 24x. For Individual Investor (2 Lots), 800 shares were reserved, max winners were 400, 6,296 were applied, application-wise subscription was 7.87x, and people-based subscription was 16x. Total applications received were 8,434.
| Category | Offered | Applied | Times | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| QIB | 7,31,200 | 82,56,000 | 11.29x | 72.65 |
| HNI | 5,48,800 | 2,08,09,600 | 37.92x | 183.12 |
| BHNI (8+ Lots) | 3,64,800 | 1,64,75,200 | 45.16x | 144.98 |
| SHNI (3 - 7 Lots) | 1,84,000 | 43,34,400 | 23.56x | 38.14 |
| Individual Investor (2 Lots) | 12,78,400 | 2,01,47,200 | 15.76x | 177.30 |
| Total | 25,58,400 | 4,92,12,800 | 19.24x | 433.07 |
| Category | Reserved | Max Winners | Applied | Times (Application Wise) | Actual Times (People Based) |
|---|---|---|---|---|---|
| QIB | - | - | 7 | - | - |
| BHNI (8+ Lots) | 228 | 76 | 1,237 | 5.43x | 16x |
| SHNI (3 - 7 Lots) | 114 | 38 | 894 | 7.84x | 24x |
| Individual Investor (2 Lots) | 800 | 400 | 6,296 | 7.87x | 16x |
IPO Investor Categories
- Qualified Institutional Buyers (QIB)
Institutions like banks, mutual funds, insurance companies, and other SEBI-registered entities fall under the QIB category. They typically invest large sums on behalf of clients or schemes. - Non-Institutional Investors (NII)
This group includes high-net-worth individuals (HNIs), NRIs, trusts, and companies that apply for shares worth more than ₹2 lakhs. Unlike QIBs, SEBI registration is not required.NII is further split into:
- sNII (Applications below ₹10 Lakhs)
Investors bidding between ₹2 lakhs and ₹10 lakhs fall in the Small NII (sHNI) bracket. One-third of the NII portion is set aside for them. - bNII (Applications above ₹10 Lakhs)
Investors applying for more than ₹10 lakhs are classified as Big NIIs (bHNI). Two-thirds of the NII shares are allocated to this sub-category.
- sNII (Applications below ₹10 Lakhs)
- Retail Individual Investors (RII)
Individuals or NRIs applying for shares up to ₹2 lakhs are considered retail investors and are part of the RII quota. - Employee (EMP)
This section is reserved for eligible employees of the company participating in the IPO. - Others
Includes eligible shareholders or specific investors with a reserved quota as per the IPO policy.
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