Grover Jewells IPO Allotment Status: Check GMP, Overall Subscription & How to Verify Status
What Is the Grover Jewells IPO?
Grover Jewells Ltd. launched its SME IPO in early February 2026 to raise about ₹33–34 crore through a fresh issue of shares. The IPO was open for subscription from 4 Feb to 6 Feb 2026 with a price band of ₹83–₹88 per share and a lot size of 1,600 shares. Shares are set to list on the NSE SME platform on 11 Feb 2026.
Subscription Status: How Much Demand the IPO Received
The IPO received strong demand across investor categories:
- Overall subscription was around 19× times the shares on offer.
- Retail and institutional categories also saw high interest, with some reports showing individual investor demand significantly above 10×.
A higher subscription rate typically means higher competition for allotment, especially for retail investors.
What Is the Grover Jewells IPO GMP (Grey Market Premium)?
GMP is an unofficial indicator of how the IPO shares might perform on listing day. It represents how much investors are willing to pay above the IPO price in the grey market (not on official exchanges).
- Near the end of the IPO period, the GMP was reported around ₹2.50–₹3 per share, suggesting positive sentiment.
- For example, with an issue price of ₹88 and a GMP of ₹2.50, the estimated listing price could be about ₹90.50 – roughly a 2.8–3 % gain.
⚠️ Note: GMP is only indicative and not guaranteed – actual listing price can vary based on market conditions.
Key IPO Dates at a Glance
| Event | Date |
|---|---|
| IPO Opened | 4 Feb 2026 |
| IPO Closed | 6 Feb 2026 |
| Allotment Finalisation | 9 Feb 2026 |
| Refund Initiated | 10 Feb 2026 |
| Shares Credited | 10 Feb 2026 |
| Listing Date | 11 Feb 2026 |
How to Check Grover Jewells IPO Allotment Status Online
Once the allotment is finalized (typically 9 Feb 2026), you can check your allotment status easily.
Option 1: Registrar Website (Maashitla Securities Pvt. Ltd.)
- Go to the Maashitla Securities IPO allotment page.
- Select Grover Jewells IPO from the list.
- Enter your PAN, Application Number, or DP Client ID.
- Click Search – your allotment status will be displayed.
Option 2: NSE (National Stock Exchange) Allotment Page
- Visit the NSE IPO allotment status page.
- Choose Equity and select Grover Jewells IPO.
- Enter your PAN or Application Number.
- Click Submit to see your allotment result.
Once successfully allotted, shares will typically be credited to your Demat account by 10 Feb 2026.
After Allotment: What Happens Next?
- Shares credited: Allotted shares are usually credited to your Demat account by the day after allotment.
- Refunds: If you don’t get allotment, refund will be processed to your bank account around 10 Feb 2026.
- Listing: The shares are expected to list on the NSE SME platform on 11 Feb 2026.
Tips for IPO Investors
- Always check allotment using your PAN number – it’s the most reliable and universal method.
- Use GMP only as a sentiment gauge, not a guarantee of listing performance.
- In highly oversubscribed IPOs, expect partial allotment especially in the retail segment.
FAQs: Grover Jewells IPO
Q1. When will the Grover Jewells IPO allotment be announced?
The allotment was scheduled for 9 Feb 2026
Q2. How can I check my allotment status?
You can check via the Maashitla Securities registrar site or the NSE IPO allotment page using PAN or application number.
Q3. What was the overall subscription rate for this IPO?
The IPO was subscribed around 19× times overall.
Q4. Does a positive GMP mean listing gains?
A positive GMP suggests interest, but actual listing performance can differ.
Key Takeaway
The Grover Jewells IPO received strong subscription and positive upfront sentiment shown by GMP. Once the allotment is finalized, you can check your status on the registrar or NSE platforms using PAN or application credentials. Keep in mind that GMP is only indicative, and actual listing performance depends on broader market conditions.
