Varmora Granito IPO Subscription Status
Final figures at close of bidding: 29 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 3.1x |
| NII | 0.94x |
| sNII (₹2L–₹10L) | 0.94x |
| bNII (above ₹10L) | 0.94x |
| Retail (RII) | 1.02x |
| Total | 1.6x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.12x | 0.02x | 0.21x | 0.12x |
| Day 2 | 0.11x | 0.25x | 0.14x | 0.41x | 0.27x |
| Day 3 | 3.1x | 0.94x | 0.94x | 1.02x | 1.6x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Demand in the Varmora Granito IPO accumulated over 3 days of bidding: overall subscription stood at 0.12× at the close of day 1, read 0.27× at the end of day 2, and finished at 1.6× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 3.1× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 0.27× to 1.6×.
Category detail
The QIB portion ended at 3.1×. Non-institutional investors came in at 0.94×, split 0.94× in the small-NII bucket (bids under ₹10 lakh) and 0.94× among big NIIs (above ₹10 lakh). Retail investors put in bids for 1.02× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 3.1× and non-institutional investors (NII) at the bottom at 0.94×.
What the multiple means for allotment
Retail bids ran to about 1.02 times the shares earmarked for the category. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 101 shares — ₹14,948 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Varmora Granito IPO open and close?
- The Varmora Granito IPO opens on 22 Sept 2026 and closes on 24 Sept 2026.
- How many times was the Varmora Granito IPO subscribed?
- The Varmora Granito IPO was subscribed 1.6 times in total across all investor categories.
- What is the reservation split in the Varmora Granito IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.