Garv Industries IPO Subscription Details (Live Status)

Garv Industries IPO Details

IPO Open Apr 12, 2018
IPO Close Apr 17, 2018
IPO Price ₹10
Face Value ₹10
IPO Size ₹3.20 Cr
Listing At BSE SME
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

Garv Industries IPO Subscription Details (times)

Day 1
Apr 13, 2018
Day 2
Apr 16, 2018
Day 3
Apr 17, 2018

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) Size (%)

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)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs 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.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

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[.]
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