Subscription status
- Qualified institutional buyers (QIB)3.16x
- Non-institutional investors (NII)0.92x
- NII: bids above ₹10 lakh (big NII)0.92x
- NII: bids of ₹2–10 lakh (small NII)0.92x
- Retail investors1.00x
- Total1.58x
Shares offered and bid for, by category
| Category | Shares offered | Shares bid for |
|---|---|---|
| Qualified institutional buyers (QIB) | 93,65,510 | 2,96,22,290 |
| Foreign institutions (FII) | – | 1,60,80,008 |
| Banks, financial institutions and insurers | – | 0 |
| Mutual funds | – | 97,69,326 |
| Other institutions | – | 37,72,956 |
| Non-institutional investors (NII) | 73,61,217 | 67,70,838 |
| NII: bids above ₹10 lakh (big NII) | 49,07,478 | 45,18,437 |
| Corporates | – | 1,35,138 |
| Individuals(Other than RIIs) | – | 42,75,229 |
| Others | – | 1,08,070 |
| NII: bids of ₹2–10 lakh (small NII) | 24,53,739 | 22,52,401 |
| Corporates | – | 18,685 |
| Individuals(Other than RIIs) | – | 21,49,583 |
| Others | – | 84,133 |
| Retail investors | 1,71,76,172 | 1,70,92,735 |
| Cut Off | – | 1,46,71,361 |
| Price bids | – | 24,21,374 |
| Total | 3,39,02,899 | 5,34,85,863 |
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 101 | ₹14,948 |
| Retail (maximum) | 13 | 1,313 | ₹1,94,324 |
| Small NII / sHNI (minimum) | 14 | 1,414 | ₹2,09,272 |
| Small NII / sHNI (maximum) | 66 | 6,666 | ₹9,86,568 |
| Big NII / bHNI (minimum) | 67 | 6,767 | ₹10,01,516 |
IPO details
| Company | Varmora Granito Limited |
|---|---|
| Board | Mainboard (NSE and BSE) |
| Issue period | Tue, 22 Sep 2026 to Thu, 24 Sep 2026 |
| Price band | ₹140 – ₹148 |
| Face value | ₹2 per share |
| Lot size | 101 shares |
| Shares offered (excl. anchor) | 3.39 crore shares |
| Cut-off time for UPI Mandate Confirmation | 24-Sep-2026 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. |
| Issue Size | Initial Public offering comprising of fresh issue of aggregating up to Rs. |
| Issue Type | Book Building |
| Discount | NA |
| Tick Size | Re. 1 |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Maximum Bid Quantity for QIB Investors | 3,39,02,872 Equity Shares in multiple of 101 Equity Shares (Calculated at Lower end price band) |
| Maximum Bid Quantity for NIB Investors | 2,45,37,344 Equity Shares in multiple of 101 Equity Shares (Calculated at Lower end price band) |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Sponsor Bank | HDFC Bank Limited and Kotak Mahindra Bank Limited |
| Contact person name number and Email id | M Murali Krishna, +91 40 6716 2222, vgl.ipo@kfintech.com |
| Registrar | KFin Technologies Limited |
| Lead managers | JM Financial Limited, Goldman Sachs (India) Securities Private Limited and SBI Capital Markets Limited |
Offer documents
Frequently asked questions
When does the Varmora Granito IPO open and close?
It opens on Tue, 22 Sep 2026 and closes on Thu, 24 Sep 2026.
What is the price band of the Varmora Granito IPO?
₹140 – ₹148 per share, with a face value of ₹2.
What is the lot size and minimum investment?
One lot is 101 shares. The minimum application is one lot, which costs ₹14,948 at the top of the price band.
When is the allotment and listing date?
Allotment was on Fri, 25 Sep 2026 and the shares listed on Tue, 29 Sep 2026.
What was the Varmora Granito IPO listing gain?
It listed at ₹155 on Tue, 29 Sep 2026, a gain of +4.7% on the issue price of ₹148.
How do I check the Varmora Granito IPO allotment status?
On the registrar's website (KFin Technologies Limited) or the NSE and BSE allotment pages, using your PAN or application number, from the allotment date.
For information only. Not investment advice. SmartFigure is not registered with SEBI as an investment adviser or research analyst. GMP is an unofficial, unregulated grey-market figure, averaged from public websites; it is not a prediction of the listing price. Rely on the offer documents.