Varmora Granito IPO Day 3: Subscription Closes Today, 24 September 2026

Varmora Granito IPO closes today, 24 Sep 2026. Subscribed 0.27x through Day 2 (5:08 PM): Retail 0.41x, NII 0.18x, QIB 0.11x. Price band Rs 140-148.

Updated: 24 Sept 2026 • 1:01 am

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Quick Answer

The Varmora Granito IPO is on its final day of bidding on 24 September 2026, with the subscription window closing today. The issue has built gradually through its bidding window, from 0.11 times at the Day 1 close to around 0.27 times by the close of Day 2, with retail leading at 0.41 times while NII stood at 0.18 times and QIB at 0.11 times. With bidding open until the end of today's session, and institutional bids typically concentrating in the closing hours of a large mainboard issue, the final Varmora Granito IPO subscription figure could move higher still.

Varmora Granito Limited, a ceramic and vitrified tiles manufacturer, has reached the final day of its IPO subscription window today, 24 September 2026. The Varmora Granito IPO opened on 22 September and is a mainboard, book built issue worth about Rs 708.02 crore, comprising a fresh issue of Rs 320 crore and an offer for sale of Rs 388.02 crore. The shares are proposed to list on both NSE and BSE.

Demand for the issue has stayed below full subscription through the window, moving from 0.11 times through Day 1 to around 0.27 times by the close of Day 2, with retail investors leading the build up. Ahead of the issue opening, the company raised Rs 212.4 crore from anchor investors including Goldman Sachs, Societe Generale, ICICI Prudential AMC and Bandhan Mutual Fund. Today's closing session is the last opportunity for demand to build meaningfully before the deadline.

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Table of Contents

Varmora Granito IPO Details

The table below sets out the key parameters of the issue.

Open Date	22 September 2026
Close Date	24 September 2026
Price Band	Rs 140 to Rs 148 per share
Lot Size	101 shares
Issue Size	Rs 708.02 crore
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	25 September 2026
Listing Date	29 September 2026

Varmora Granito IPO Subscription Status Day 3

The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the close of Day 2.

Session	Overall	Retail	NII	QIB
Day 1 close (22 Sep)	0.11x	0.20x	0.05x	0.00x
Day 2 close (23 Sep, 5:08 PM)	0.27x	0.41x	0.18x	0.11x
Day 3, closing day so far (24 Sep)	Updating through the session

Retail investors have consistently led the issue through the bidding window, while NII and QIB have room to build significantly in today's final hours. Investors should check the live NSE and BSE numbers as the session progresses.

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Varmora Granito IPO

Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
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.
Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
Approve the UPI mandate on your phone well before the cut off today, since the issue closes for good after this session.

Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.

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.

Conclusion

The issue closes today with subscription still below full book at around 0.27 times through Day 2, led by retail demand while NII and QIB have room to grow. 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 before the window shuts today.

Disclaimer: 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).

FAQs

What is the Varmora Granito IPO subscription status on Day 3?

Ans. On the closing day, 24 September 2026, the issue carries forward a Day 2 close of around 0.27 times overall, with retail at 0.41 times, NII at 0.18 times, and QIB at 0.11 times, and figures are updating through today's final session.

When does the Varmora Granito IPO close?

Ans. The issue closes for subscription today, 24 September 2026, having opened on 22 September 2026.

What is the Varmora Granito IPO price band and lot size?

Ans. The issue price band is Rs 140 to Rs 148 per share, with a lot size of 101 shares, taking the minimum investment to about Rs 14,948 at the upper price band.

Which category led the Varmora Granito IPO subscription?

Ans. Retail investors led the issue through Day 2, reaching 0.41 times, ahead of NII at 0.18 times and QIB at 0.11 times, though the overall book remains below full subscription.

What is the Varmora Granito IPO GMP?

Ans. 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.

How do I apply for the Varmora Granito IPO before it closes?

Ans. 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 today's cut off.

When will the Varmora Granito IPO be allotted and listed?

Ans. 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.

Is the Varmora Granito IPO likely to close fully subscribed?

Ans. With the issue running at around 0.27 times through Day 2, the issue would need a strong final session across NII and QIB to cross full subscription, and the outcome should be confirmed on NSE and BSE once bidding closes today.

How much did Varmora Granito raise from anchor investors?

Ans. Varmora Granito raised Rs 212.4 crore from anchor investors ahead of the public issue opening, with participation from institutions including Goldman Sachs, Societe Generale, ICICI Prudential AMC and Bandhan Mutual Fund.

What does Varmora Granito Limited do?

Ans. Varmora Granito Limited manufactures ceramic and vitrified tiles, including Glazed Vitrified Tiles, and also produces sanitaryware, faucets, bath fittings and tile adhesives, distributed through a pan-India network.