Varmora Granito IPO Subscription Status Day 3: Overall Subscription Reaches 1.60x
Varda Khade
- 0 min read
Last Updated: 24th September 2026 - 05:17 pm
Varmora Granito IPO subscription reached 1.60 times on Day 3, as of 5:03 PM on September 24, 2026. The public issue received bids for 5,34,75,359 shares against 3,34,87,080 shares available for subscription, excluding the anchor portion.
The QIB category, excluding anchor investors, recorded the highest subscription at 3.10 times, followed by Retail investors at 1.02 times. The NII portion was subscribed 0.94 times.
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| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 22) | 0.00 | 0.05 | 0.21 | 0.12 |
| Day 2 (September 23) | 0.11 | 0.18 | 0.41 | 0.27 |
| Day 3 (September 24) | 3.10 | 0.94 | 1.02 | 1.60 |
Here are the subscription details for Varmora Granito IPO Day 3, as of 5:03 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1.00 | 1,43,51,775 | 1,43,51,775 | 212.406 |
| QIB (Ex Anchor) | 3.10 | 95,67,653 | 2,96,22,290 | 438.410 |
| NII | 0.94 | 71,75,828 | 67,70,838 | 100.208 |
| Individual | 1.02 | 1,67,43,599 | 1,70,82,231 | 252.817 |
| Total | 1.60 | 3,34,87,080 | 5,34,75,359 | 791.435 |
Key Highlights – Day 3
- Overall subscription stood at 1.60x.
- QIB portion was subscribed 3.10x.
- Retail portion was subscribed 1.02x.
- NII portion was subscribed 0.94x.
Key Highlights – Day 2
- Overall subscription stood at 0.27x.
- Retail portion was subscribed 0.41x.
- NII portion was subscribed 0.18x.
- QIB portion was subscribed 0.11x.
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.
About Robokidz Eduventures
Varmora Granito Limited is engaged in the manufacture and sale of ceramic and vitrified tiles and other building materials. Its product portfolio caters to residential and commercial applications and includes products used across flooring and wall surfaces.
The company operates in the building materials segment and serves customers through its distribution and dealer network. Its business performance is linked to demand from housing, real estate and construction activity, along with factors such as raw-material and energy costs, capacity utilisation and competitive conditions in the tiles industry.
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