Varmora Granito Shares List At ₹155, 4.73% Above IPO Price After ₹708.02 Crore Issue

Mumbai, September 29, 2026: Shares of Varmora Granito made their debut on the NSE and BSE at ₹155 per share on Tuesday, September 29, 2026. The listing price was ₹7, or 4.73%, above the company’s final IPO price of ₹148 per share.

The listing followed the completion of Varmora Granito’s ₹708.02 crore IPO, which received 1.42 times overall subscription during the three-day bidding period.

Varmora Granito Shares List At ₹155

Varmora Granito shares began trading at ₹155, compared with the IPO issue price of ₹148. The listing represented a 4.73% premium to the price at which shares were allotted to investors.

The company’s IPO had a price band of ₹140–₹148 per share, with the final issue price fixed at the upper end of the range.

At the listing price, the shares were ₹7 above the issue price. The market snapshot later showed the stock trading at the same ₹155 level at 9:59:53 AM IST, with ₹155 also recorded as the day’s open, high, low and VWAP in the displayed data.) to this (Varmora Granito Shares Rise 2.7% On Debut
Mumbai, September 29, 2026: Shares of Varmora Granito made their debut on the BSE at ₹152 per share on Tuesday, September 29, 2026. The listing price was 2.7% above the company’s IPO price of ₹148 per share.
The listing followed the completion of Varmora Granito’s ₹708.02 crore IPO, which received 1.42 times overall subscription during the three-day bidding period.

The company’s IPO had a price band of ₹140–₹148 per share.As of writing the stock was up 4.5% with regard to the IPO price

At the listing price, the shares were ₹7 above the issue price. The market snapshot later showed the stock trading at the same ₹155 level at 9:59:53 AM IST, with ₹155 also recorded as the day’s open, high, low and VWAP in the displayed data.

₹708.02 Crore IPO Included Fresh Issue And OFS

Varmora Granito raised ₹708.02 crore through a combination of a fresh issue and an offer for sale.

The fresh issue comprised 2,16,21,621 shares aggregating ₹320 crore, while the OFS consisted of 2,62,17,634 shares worth ₹388.02 crore.

A fresh issue raises capital for the company, whereas proceeds from an OFS are received by existing shareholders selling their shares.

IPO Received 1.42 Times Overall Subscription

The Varmora Granito IPO received 1.42 times overall subscription, according to the final basis of allotment.

The QIB category, including anchor investors, was subscribed 1.86 times. The NII category received 0.93 times subscription, while the retail portion was subscribed 0.98 times.

The final allotment data showed 6,77,11,612 shares applied for against 4,78,39,255 shares offered across the relevant categories.

QIB Category Received 1.86 Times Subscription

The QIB portion excluding the anchor allocation was subscribed 3.09 times, while the anchor investor portion was subscribed 1.05 times.

The total QIB allocation stood at 2,39,19,626 shares, including 1,43,51,775 shares allotted to anchor investors and 95,67,851 shares reserved for QIBs excluding anchors.

The NII allocation comprised 71,75,889 shares, while 1,67,43,740 shares were allocated to retail investors.

Retail Portion Recorded 0.98 Times Subscription

The retail category was subscribed 0.98 times at the close of the issue. Investors in this category were offered 1,67,43,740 shares.

Within the NII segment, the portion for applications above ₹10 lakh received 0.94 times subscription, while the portion below ₹10 lakh was subscribed 0.92 times.

The final allotment data showed 1,38,066 applications across the issue categories.

Minimum Retail Application Required ₹14,948

The IPO lot size was fixed at 101 shares. At the final issue price of ₹148, the minimum retail application required ₹14,948.

The issue was open for subscription from September 22 to September 24, 2026, with the shares allotted on September 25 and credited to investors on September 28.

Varmora Granito Shares Trade 4.73% Above Issue Price

At the ₹155 listing price, Varmora Granito shares were trading 4.73% above the ₹148 IPO price.

The market snapshot at 9:59:53 AM IST on September 29 also showed the stock at ₹155, with the displayed trading data recording a volume of 52,63,299 shares.

Conclusion

Varmora Granito shares started trading at ₹155 on September 29, 2026, marking a 4.73% premium to the ₹148 issue price. The ₹708.02 crore IPO received 1.42 times overall subscription, with the QIB category at 1.86 times, while the NII and retail portions closed at 0.93 times and 0.98 times, respectively.

Source:

• https://www.nseindia.com/get-quote/equity/VARMORA/Varmora-Granito-Limited