{"id":262478,"date":"2026-09-23T00:10:37","date_gmt":"2026-09-22T18:40:37","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=262478"},"modified":"2026-09-23T00:10:37","modified_gmt":"2026-09-22T18:40:37","slug":"varmora-granito-initial-public-offering-day-2-subscription-23-september-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/","title":{"rendered":"Varmora Granito IPO Day 2: Subscription Status on 23 September 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Varmora Granito IPO Day 2, 23 Sep 2026. Subscribed 0.11x at Day 1 close: Retail 0.20x, NII 0.05x, QIB 0.00x. Price band Rs 140-148. Closes 24 Sep.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Varmora Granito IPO is on Day 2 of bidding on 23 September 2026, after a slow opening day. The Varmora Granito IPO closed Day 1 subscribed only 0.11 times overall, with retail investors leading at 0.20 times while NII stood at 0.05 times and QIB had not yet placed bids. Bidding for the Varmora Granito IPO remains open until 24 September 2026, and investors should track the live category wise numbers on NSE and BSE through the day.<\/p>\n<\/p><\/div>\n<p>The issue has entered Day 2 of its three day bidding window, which opened on 22 September and closes on 24 September 2026. Varmora Granito Limited, a ceramic and vitrified tiles manufacturer, is raising about Rs 708.02 crore through a combination of fresh issue and offer for sale, and the shares are proposed to list on both NSE and BSE.<\/p>\n<p>Day 1 bidding for the issue stayed thin, with the issue subscribed only 0.11 times overall by the close, led narrowly by retail while QIB had not yet engaged. With two sessions still remaining, including the 24 September close, there is time for demand to build, particularly among institutional investors who often bid heavily in the closing hours of a large mainboard issue.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=varmora-granito-ipo-day2\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#Varmora_Granito_IPO_Details\" title=\"Varmora Granito IPO Details\">Varmora Granito IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#Varmora_Granito_IPO_Subscription_Status_Day_2\" title=\"Varmora Granito IPO Subscription Status Day 2\">Varmora Granito IPO Subscription Status Day 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#How_to_Apply_for_the_Varmora_Granito_IPO\" title=\"How to Apply for the Varmora Granito IPO\">How to Apply for the Varmora Granito IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#What_is_the_Varmora_Granito_IPO_subscription_status_on_Day_2\" title=\"What is the Varmora Granito IPO subscription status on Day 2?\">What is the Varmora Granito IPO subscription status on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#When_does_the_Varmora_Granito_IPO_close\" title=\"When does the Varmora Granito IPO close?\">When does the Varmora Granito IPO close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#What_is_the_Varmora_Granito_IPO_price_band_and_lot_size\" title=\"What is the Varmora Granito IPO price band and lot size?\">What is the Varmora Granito IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#Why_has_the_Varmora_Granito_IPO_seen_low_subscription_so_far\" title=\"Why has the Varmora Granito IPO seen low subscription so far?\">Why has the Varmora Granito IPO seen low subscription so far?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#What_is_the_Varmora_Granito_IPO_GMP\" title=\"What is the Varmora Granito IPO GMP?\">What is the Varmora Granito IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#How_do_I_apply_for_the_Varmora_Granito_IPO\" title=\"How do I apply for the Varmora Granito IPO?\">How do I apply for the Varmora Granito IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#When_will_the_Varmora_Granito_IPO_be_allotted_and_listed\" title=\"When will the Varmora Granito IPO be allotted and listed?\">When will the Varmora Granito IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#Which_category_led_the_Varmora_Granito_IPO_on_Day_1\" title=\"Which category led the Varmora Granito IPO on Day 1?\">Which category led the Varmora Granito IPO on Day 1?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#What_is_the_issue_structure_of_the_Varmora_Granito_IPO\" title=\"What is the issue structure of the Varmora Granito IPO?\">What is the issue structure of the Varmora Granito IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\/#What_does_Varmora_Granito_Limited_do\" title=\"What does Varmora Granito Limited do?\">What does Varmora Granito Limited do?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_IPO_Details\"><\/span><strong>Varmora Granito IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the issue.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>22 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>24 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Price Band<\/strong><\/td>\n<td>Rs 140 to Rs 148 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>101 shares<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>Rs 708.02 crore<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Book Built Issue<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>NSE and BSE<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>25 September 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>29 September 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_IPO_Subscription_Status_Day_2\"><\/span><strong>Varmora Granito IPO Subscription Status Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Category wise bidding for the issue is updated through the trading session on NSE and BSE. The table below shows the position at the close of Day 1 along with the overall figure recorded so far on Day 2.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Investor Category<\/th>\n<th>Subscription at Day 1 Close (22 Sep, 4:54 PM)<\/th>\n<th>Overall Subscription So Far (Day 2, 23 Sep)<\/th>\n<\/tr>\n<tr>\n<td>Qualified Institutional Buyers (QIB)<\/td>\n<td>0.00 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td>Non-Institutional Investors (NII)<\/td>\n<td>0.05 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td>Retail Individual Investors<\/td>\n<td>0.20 times<\/td>\n<td>Updating<\/td>\n<\/tr>\n<tr>\n<td><strong>Overall<\/strong><\/td>\n<td><strong>0.11 times<\/strong><\/td>\n<td><strong>Updating through the session<\/strong><\/td>\n<\/tr>\n<\/table>\n<p>Retail investors led the issue through Day 1, though demand across all categories stayed well below full subscription. Investors should treat the Day 2 figures as provisional since bidding remains open until the 24 September close.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Varmora_Granito_IPO\"><\/span><strong>How to Apply for the Varmora Granito IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 140 to Rs 148 band, in multiples of 101 shares.<\/li>\n<li>Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 24 September.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue before the 24 September close.<\/em><\/p>\n<p>Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The issue has had a slow start, running at only 0.11 times through Day 1, with two sessions still remaining before the 24 September close for demand to build. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Varmora_Granito_IPO_subscription_status_on_Day_2\"><\/span><strong>What is the Varmora Granito IPO subscription status on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue closed Day 1 subscribed only 0.11 times overall, with retail at 0.20 times, NII at 0.05 times, and QIB at 0.00 times, and figures for Day 2, 23 September 2026, are updating through today&#8217;s session on NSE and BSE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Varmora_Granito_IPO_close\"><\/span><strong>When does the Varmora Granito IPO close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue closes for subscription on 24 September 2026, having opened on 22 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Varmora_Granito_IPO_price_band_and_lot_size\"><\/span><strong>What is the Varmora Granito IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue price band is Rs 140 to Rs 148 per share, with a lot size of 101 shares, taking the minimum retail investment to about Rs 14,948 at the upper band.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_has_the_Varmora_Granito_IPO_seen_low_subscription_so_far\"><\/span><strong>Why has the Varmora Granito IPO seen low subscription so far?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Subscription for the issue has stayed thin through Day 1, which is common for large mainboard issues, since institutional and larger investor bids typically concentrate closer to the 24 September closing day.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Varmora_Granito_IPO_GMP\"><\/span><strong>What is the Varmora Granito IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Varmora_Granito_IPO\"><\/span><strong>How do I apply for the Varmora Granito IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 101 shares within the Rs 140 to Rs 148 band and approving the UPI mandate before the daily cut off.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Varmora_Granito_IPO_be_allotted_and_listed\"><\/span><strong>When will the Varmora Granito IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue allotment is expected to be finalised on 25 September 2026, with listing on both NSE and BSE tentatively scheduled for 29 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_category_led_the_Varmora_Granito_IPO_on_Day_1\"><\/span><strong>Which category led the Varmora Granito IPO on Day 1?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Retail investors led the issue on Day 1, subscribing their reserved portion 0.20 times, ahead of non-institutional investors at 0.05 times, while qualified institutional buyers had not placed any bids.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_structure_of_the_Varmora_Granito_IPO\"><\/span><strong>What is the issue structure of the Varmora Granito IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is worth about Rs 708.02 crore, comprising a fresh issue of about 2.16 crore shares worth Rs 320 crore and an offer for sale of about 2.62 crore shares worth Rs 388.02 crore by selling shareholder Katsura Investments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Varmora_Granito_Limited_do\"><\/span><strong>What does Varmora Granito Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Varmora Granito Limited manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles and Polished Vitrified Tiles, alongside sanitaryware, faucets, bath fittings and tile adhesives, distributed pan-India.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closed Day 1 subscribed only 0.11 times overall, with retail at 0.20 times, NII at 0.05 times, and QIB at 0.00 times, and figures for Day 2, 23 September 2026, are updating through today's session on NSE and BSE.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closes for subscription on 24 September 2026, having opened on 22 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue price band is Rs 140 to Rs 148 per share, with a lot size of 101 shares, taking the minimum retail investment to about Rs 14,948 at the upper band.\"}},{\"@type\":\"Question\",\"name\":\"Why has the issue seen low subscription so far?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Subscription for the issue has stayed thin through Day 1, which is common for large mainboard issues, since institutional and larger investor bids typically concentrate closer to the 24 September closing day.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.\"}},{\"@type\":\"Question\",\"name\":\"How do I apply for the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 101 shares within the Rs 140 to Rs 148 band and approving the UPI mandate before the daily cut off.\"}},{\"@type\":\"Question\",\"name\":\"When will the issue be allotted and listed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue allotment is expected to be finalised on 25 September 2026, with listing on both NSE and BSE tentatively scheduled for 29 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Which category led the issue on Day 1?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Retail investors led the issue on Day 1, subscribing their reserved portion 0.20 times, ahead of non-institutional investors at 0.05 times, while qualified institutional buyers had not placed any bids.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue structure of the issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is worth about Rs 708.02 crore, comprising a fresh issue of about 2.16 crore shares worth Rs 320 crore and an offer for sale of about 2.62 crore shares worth Rs 388.02 crore by selling shareholder Katsura Investments.\"}},{\"@type\":\"Question\",\"name\":\"What does Varmora Granito Limited do?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Varmora Granito Limited manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles and Polished Vitrified Tiles, alongside sanitaryware, faucets, bath fittings and tile adhesives, distributed pan-India.\"}}]}<\/script><\/div>\n<div class=\"article-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Article\",\"headline\":\"The issue Day 2 Subscription Status 23 Sep 2026\",\"description\":\"The issue Day 2 subscription status on 23 September 2026. Category wise bids, price band and how to apply.\",\"author\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/univest.in\/blogs\/varmora-granito-initial-public-offering-day-2-subscription-23-september-2026\"}}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Varmora Granito IPO Day 2 subscription update for 23 September 2026, with category wise bidding trends and how to apply.<\/p>\n","protected":false},"author":29,"featured_media":262477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[6395],"class_list":["post-262478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-varmora-granito-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["262477"],"rank_math_title":["Varmora Granito IPO Day 2 Subscription Status 23 Sep 2026"],"rank_math_description":["Varmora Granito IPO Day 2 subscription status on 23 September 2026. 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