Varmora Granito IPO Subscription Status Day 2: Issue Subscribed 0.27 Times

Authored By HDFC SKY | Published at: Sep 23, 2026 06:10 PM IST

Varmora Granito IPO Day 2 subscription stood at 0.27x as of 5:08:34 PM on September 23, 2026, with retail at 0.41x, NII at 0.18x and QIB at 0.11x.

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Mumbai, September 23: Varmora Granito IPO opened for subscription on September 22, 2026, and will close on September 24, 2026. The book-built public issue comprises a fresh issue of 2,16,21,621 shares aggregating 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 2 Subscription Status

The Day 2 subscription data was recorded at 5:08:34 PM on September 23, 2026. The overall public issue subscription and category-wise figures are shown below.

Category	Subscription
QIB (Ex Anchor)	0.11x
NII	0.18x
Individual Investors	0.41x
Total	0.27x

The anchor investor portion is excluded from the total public subscription calculation.

Category-wise Varmora Granito IPO Subscription Status

The issue comprises 4,78,38,255 shares in total. Of this, 2,39,19,428 shares are reserved for QIBs, 71,75,828 shares for NIIs and 1,67,43,599 shares for retail investors. The QIB allocation includes 1,43,51,775 shares allotted to anchor investors and 95,67,653 shares for QIBs excluding the anchor portion.

Investor Category	Shares Offered	Shares Bid For	Total Amount (₹ Cr)	Subscription
Anchor	1,43,51,775	1,43,51,775	212.406	1.00x
QIB (Ex Anchor)	95,67,653	10,14,949	15.021	0.11x
NII	71,75,828	12,63,308	18.697	0.18x
NII (> ₹10L)	47,83,886	6,67,004	9.872	0.14x
NII (< ₹10L)	23,91,943	5,96,304	8.825	0.25x
Individual Investors	1,67,43,599	68,92,947	102.016	0.41x
Total Public Issue	3,34,87,080	91,71,204	135.734	0.27x

The issue had received 55,486 applications at the time of the Day 2 update.

Varmora Granito Day-Wise Subscription Summary

The issue opened for bidding on September 22, 2026. The Day 2 subscription data was recorded at 5:08:34 PM on September 23, 2026.

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
September 23, 2026 (Day 2)	0.11x	0.18x	0.14x	0.25x	0.41x	0.27x

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 combination of a fresh issue of 2,16,21,621 equity shares aggregating up to ₹320 crore and an offer for sale of 2,62,17,634 shares aggregating up to ₹388.02 crore. The book-built IPO has a price band of ₹140 to ₹148 per share and a face value of ₹2 per share. The lot size is 101 shares. The minimum application for retail investors is one lot, comprising 101 shares, requiring ₹14,948 at the upper end of the price band.

The company operates in the tiles and bathware segment, with products spanning ceramic and vitrified tiles and related home improvement categories. The IPO is scheduled to list on the BSE and NSE platforms on September 29, 2026. JM Financial Ltd. is the book running lead manager, while KFin Technologies Ltd. is the registrar to the issue.

Source:

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

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