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Garv Industries IPO Subscription Details (Live Status)

Garv Industries IPO Details

Issue Open Apr 12, 2018
Issue Close Apr 17, 2018
IPO Price ₹10
Face Value ₹10
IPO Size ₹3.20 Cr
Listing At BSE SME
IPO Lot Size 10000
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Garv Industries IPO Subscription Status Live

Garv Industries IPO subscribed 2.13 times. The public issue subscribed 1.89 times in the retail category, [.] times in QIB, and 2.17 times in the NII category by Apr 17, 2018.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers2.17
Retail Investors1.89
Employees[.]
Others[.]
Total2.13

Garv Industries IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Apr 13, 2018
0.660.630.68
Day 2
Apr 16, 2018
0.940.971.01
Day 3
Apr 17, 2018
2.171.892.13

Garv Industries IPO Shares Offered

Garv Industries IPO is a public issue of 3,030,000 equity shares. The issue offers 1,591,500 shares to retail investors, 0 shares to qualified institutional buyers, and 1,591,500 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr)
NII1,591,5001.59
Retail1,591,5001.59
Total3,030,0003.03

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Garv Industries IPO Subscription FAQs

The Garv Industries IPO is subscribed 2.13 by Apr 17, 2018.

Garv Industries IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.17
Retail Individual1.89
Employee Reservations[.]
Others[.]
Total Subscription2.13

Retail category of Garv Industries IPO subscribed 1.89 times as of date Apr 17, 2018. The public issue closes on Apr 17, 2018 for bidding.

An investor can apply in Garv Industries IPO online via bank (using ASBA) or the broker (using UPI). The Garv Industries IPO shares are offered online only.

The Garv Industries IPO is subscribed 2.13 by Apr 17, 2018.

The Garv Industries IPO allotment status is expected on or around Apr 20, 2018. Visit Garv Industries IPO allotment status to check.

The Garv Industries IPO listing date is Wednesday, April 25, 2018. The equity share of Garv Industries Limited will list on BSE SME.

Visit Garv Industries IPO subscription status page for real-time bidding information about Garv Industries IPO.

Garv Industries IPO Timetable

IPO Opens OnApr 12, 2018
IPO Closes OnApr 17, 2018
Finalisation of Basis of AllotmentApr 20, 2018
Initiation of RefundsApr 23, 2018
Credit of Shares to Demat AccountApr 24, 2018
IPO Listing DateApr 25, 2018