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| 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 |
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 Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 2.17 |
| Retail Investors | 1.89 |
| Employees | [.] |
| Others | [.] |
| Total | 2.13 |
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Apr 13, 2018 | 0.66 | 0.63 | 0.68 |
| Day 2 Apr 16, 2018 | 0.94 | 0.97 | 1.01 |
| Day 3 Apr 17, 2018 | 2.17 | 1.89 | 2.13 |
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.
| Category | Shares Offered | Amount (Rs Cr) |
|---|---|---|
| NII | 1,591,500 | 1.59 |
| Retail | 1,591,500 | 1.59 |
| Total | 3,030,000 | 3.03 |
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.
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.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Garv Industries IPO is subscribed 2.13 by Apr 17, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 2.17 |
| Retail Individual | 1.89 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 2.13 |
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.
Visit Garv Industries IPO subscription status page for real-time bidding information about Garv Industries IPO.
| IPO Opens On | Apr 12, 2018 |
| IPO Closes On | Apr 17, 2018 |
| Finalisation of Basis of Allotment | Apr 20, 2018 |
| Initiation of Refunds | Apr 23, 2018 |
| Credit of Shares to Demat Account | Apr 24, 2018 |
| IPO Listing Date | Apr 25, 2018 |
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