Varmora Granito IPO Subscription Status Day 1: Issue Subscribed 0.11 Times

Authored By HDFC SKY | Published at: Sep 22, 2026 05:26 PM IST

Varmora Granito IPO Day 1 subscription stood at 0.11x as of 4:54:51 PM on September 22, 2026, with retail at 0.20x, NII at 0.05x and QIB at 0.00x.

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Mumbai, September 22: Varmora Granito IPO opened for subscription on September 22, 2026, and will close on September 24, 2026. The ₹708.02 crore public issue comprises a fresh issue of 2,16,21,621 shares worth up to ₹320 crore and an offer for sale of 2,62,17,634 shares aggregating up to ₹388.02 crore. The price band is fixed at ₹140 to ₹148 per share, while the lot size is 101 shares.

Varmora Granito IPO Day 1 Subscription Status

The Varmora Granito IPO was subscribed 0.11 times overall as of 4:54:51 PM on September 22, 2026, according to the subscription data. The retail portion recorded 0.20 times subscription, while the NII portion stood at 0.05 times. The QIB category had not received a subscription at the time of the update.

Category	Subscription
QIB (Ex Anchor)	0.00x
NII	0.05x
Retail	0.20x
Total	0.11x

Category-wise Varmora Granito IPO Subscription Status

The public issue has reserved 50% of the net offer for QIBs, 15% for NIIs and 35% for retail investors. The subscription figures below reflect the live data available on Day 1.

Investor Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	95,67,653	1,414	0.00x
NII	71,75,828	3,64,812	0.05x
NII (> ₹10L)	47,83,886	74,942	0.02x
NII (< ₹10L)	23,91,943	2,89,870	0.12x
Retail	1,67,43,599	33,47,948	0.20x
Total	3,34,87,080	37,14,174	0.11x

The subscription table excludes the anchor investor portion from the public subscription calculation. The issue had received 26,582 applications at the time of the update.

Varmora Granito Day-Wise Subscription Summary

The issue opened on September 22, 2026. The Day 1 subscription data was recorded at 4:54:51 PM.

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Retail	Total
September 22, 2026 (Day 1)	0.00x	0.05x	0.02x	0.12x	0.20x	0.11x

Varmora Granito IPO Timeline

IPO Milestone	Date
Issue Open Date	September 22, 2026
Issue Close Date	September 24, 2026
Basis of Allotment Date	September 25, 2026
Initiation of Refunds	September 28, 2026
Credit of Shares	September 28, 2026
Listing Date	September 29, 2026

Brief Overview Of The IPO

Varmora Granito is raising ₹708.02 crore through a fresh issue and an offer for sale. The fresh issue comprises 2,16,21,621 shares, while the OFS consists of 2,62,17,634 shares. The company has fixed the price band at ₹140 to ₹148 per share and the face value at ₹2 per share. The minimum application size is one lot of 101 shares, requiring ₹14,948 at the upper end of the price band. The IPO is a book-built issue and is scheduled to list on both BSE and NSE. JM Financial Ltd. and KFin Technologies Ltd. are listed as the book running lead manager and registrar, respectively, in the IPO details. The tentative listing date is September 29, 2026.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=VARMORA&series=EQ&type=Active

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