Varmora Granito IPO Day 1 Subscription at 0.12x

Generic user silhouette icon Varda Khade - 0 min read

Last Updated: 23rd September 2026 - 09:51 am

Varmora Granito IPO was subscribed 0.12 times by 5:06 PM on Day 2 (September 23, 2026). The public issue received bids for 38,61,230 shares against 3,34,87,080 shares available for subscription.

Among investor categories, the Retail portion witnessed the highest participation at 0.21 times, followed by the NII portion at 0.05 times. The QIB portion was subscribed 0.00 times.

Subscription Status of Varmora Granito IPO

Date QIB NII Retail Total
Day 1 (September 22) 0.00 0.05 0.21 0.12

Here are the subscription details for Varmora Granito IPO Day 2, as of 5:06 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total
Anchor 1 1,43,51,775    1,43,51,775     212.406
QIB 0.00 95,67,653  
1,414  
      0.021 NII 0.05 71,75,828          3,66,226       5.420 Retail 0.21 1,67,43,599     34,93,590        51.705 Total 0.12 3,34,87,080

38,61,230           

57.146   

Key Highlights – Day 1

  • Overall subscription stood at 0.12x.
  • Retail portion was subscribed 0.21x.
  • NII portion was subscribed 0.05x.
  • QIB portion was subscribed 0.00x.
  • The IPO received bids for 38.61 lakh shares against 3.35 crore shares on offer.

About Varmora Granito

Varmora Granito is a Gujarat-based manufacturer and seller of tiles, bathware and adhesives. Its product portfolio includes glazed vitrified tiles (GVT), polished vitrified tiles (PVT), ceramic tiles, sanitaryware, faucets and tile adhesives. The company operates eight in-house manufacturing facilities in Morbi, Gujarat, and also works with contract manufacturers for certain products.

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