Varmora Granito Limited IPO Subscription Update: Issue Subscribed 1.58x on Day 3
The Varmora Granito Limited IPO saw strong demand on its final day, with investors bidding for 2,96,22,290 shares against 93,65,510 shares offered, resulting in an overall subscription of 1.58 times.
The NII category recorded the highest demand at 0.92, with bids for around 67,70,838 crore shares against 73,61,217 crore shares reserved.
The retail portion was subscribed 1.00, receiving bids for approximately 1,70,92,634 crore shares against 1,71,76,172 crore shares offered.
Varmora Granito IPO Subscription Details
| Sr. No. | Category | No. of Times of Total Meant for the Category |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 3.16 |
| 2 | Non-Institutional Investors | 0.92 |
| 3 | Retail Individual Investors (RIIs) | 1.00 |
| - | Total | 1.58 |
Varmora Granito IPO Overview & Purpose
Varmora Granito Limited is a Gujarat-based manufacturer of ceramic and vitrified tiles, including glazed vitrified and polished vitrified tiles.
Its Rs 708.02 crore IPO comprises a fresh issue of Rs 320 crore and an offer for sale of Rs 388.02 crore.
- Price Band: Rs 140–Rs 148 per share
- Lot Size: 101 shares
- IPO Opening Date: September 22, 2026
- IPO Closing Date: September 24, 2026
- Proposed Listing: NSE and BSE
The fresh issue proceeds will primarily be used for repayment or prepayment of borrowings and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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