Varmora Granito Limited IPO Subscription Update: Issue Subscribed 0.21x on Day 2
Information Subscription
On the second day till 15:21:00pm, Varmora Granito Limited received bids for 71,80,191 shares against 3,39,02,899 shares available for subscription, according to NSE data. The retail investor category was subscribed 0.37 times, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 0.12 times and zero bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers(QIBs) | 0.00x |
| 2. | Non-Institutional Investors | 0.12x |
| 3. | Retail Individual Investors(RIIs) | 0.37x |
| - | Total | 0.21x |
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 rupee 708.02 crore IPO comprises a fresh issue of rupee 320 crore and an offer for sale of rupee 388.02 crore. The price band is fixed at rupee 140–rupee 148 per share, with a lot size of 101 shares. The IPO opened on September 22 and will close on September 24, 2026. The fresh issue proceeds will primarily be used for repayment or prepayment of borrowings and general corporate purposes. The shares are proposed to be listed on the NSE and BSE.
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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Varmora Granito Limited IPO Subscription Update: Issue Subscribed 0.08x on Day 1
The Varmora Granito Limited IPO received 0.09 times subscription on the first day of bidding. The Retail Individual Investors (RIIs) category was subscribed 0.17 times, while the Non-Institutional Investors (NIIs) portion stood at 0.04 times. No bids were recorded from QIBs based on the subscription data provided till 14:57:00pm.