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Varmora Granito IPO Subscription Status

Q: What is the current subscription status of Varmora Granito IPO?

As of IPO close date (24 Sep, 2026), the Varmora Granito IPO is subscribed 1.58x times. Retail category is 1x, and NII is 0.92x subscribed.

Q: When is the allotment date for Varmora Granito IPO?

The allotment for Varmora Granito IPO is expected to be finalized on 25 September, 2026.

Q: What is the GMP of Varmora Granito?

The Grey Market Premium (GMP) for Varmora Granito is currently ₹1, indicating a potential listing gain of 0.68%.

Q: When will Varmora Granito IPO list on the stock market?

Varmora Granito is scheduled to list on BSE and NSE on 29 September, 2026.

Q: What are the chances of getting allotment in Varmora Granito IPO?

The retail category is oversubscribed at 1x, meaning allotment is by lottery. Statistically, approximately 1 in 1 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

Q: What does QIB subscription of 3.16x mean for Varmora Granito IPO?

Moderate — QIBs have subscribed 3.16x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

Q: How to check Varmora Granito IPO allotment status?

After the allotment date (25 Sep, 2026), you can check your Varmora Granito IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Varmora Granito IPO was subscribed 1.58 times when bidding closed on 24 Sep 2026: QIB 3.16x, NII 0.92x, Retail 1x.

The Varmora Granito IPO has been subscribed 1.58x times overall. Retail investors have shown interest with bids for 1x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.92x. Within NII, Big HNI (B-HNI) subscribed 0.92x and Small HNI (S-HNI) subscribed 0.92x. Qualified Institutional Buyers (QIBs) have subscribed 3.16x. Data last updated on 29 Sep, 06:30 PM.

The IPO subscription period has ended. The issue opened on 22 Sep, 2026 and closes on 24 Sep, 2026. The shares are expected to list on stock exchanges on 29 Sep, 2026.

Full details Check GMP

Final subscription

1.58x

1,38,049 applications

Category-wise bids →

QIB

3.16x

Institutions · proportionate allotment

Why QIB matters →

NII / HNI

0.92x

bHNI 0.92x · sHNI 0.92x

HNI allotment odds →

Retail

Every valid bid should be allotted

Retail allotment odds →

Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated 29 Sep 2026, 6:30 PM IST Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Category	Offered	Applied	Amount (Cr)	Bid details	Times
QIB	93,65,510	2,96,22,290	438.41 Cr	2,96,22,290 of 93,65,510 17 applications 438.41 Cr	3.16x
1(a) Foreign Institutional Investors (FIIs)		1,60,80,008	237.98 Cr	1,60,80,008 237.98 Cr
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)		0	0.00 Cr	0 0.00 Cr
1(c) Mutual Funds		97,69,326	144.59 Cr	97,69,326 144.59 Cr
1(d) Others		37,72,956	55.84 Cr	37,72,956 55.84 Cr
NII	73,61,217	67,70,838	100.21 Cr	67,70,838 of 73,61,217 1,747 applications 100.21 Cr	0.92x
bHNI — bid amount above ₹10 Lakh	49,07,478	45,18,437	66.87 Cr	45,18,437 406 applications 66.87 Cr	0.92
2.1(a) Corporates		1,35,138	2.00 Cr	1,35,138 2.00 Cr
2.1(b) Individuals (other than RIIs)		42,75,229	63.27 Cr	42,75,229 63.27 Cr
2.1(c) Others		1,08,070	1.60 Cr	1,08,070 1.60 Cr
sHNI — bid amount ₹2–10 Lakh	24,53,739	22,52,401	33.34 Cr	22,52,401 1,341 applications 33.34 Cr	0.92
2.2(a) Corporates		18,685	0.28 Cr	18,685 0.28 Cr
2.2(b) Individuals (other than RIIs)		21,49,583	31.81 Cr	21,49,583 31.81 Cr
2.2(c) Others		84,133	1.25 Cr	84,133 1.25 Cr
Retail	1,71,76,172	1,70,92,735	252.97 Cr	1,70,92,735 of 1,71,76,172 1,36,285 applications 252.97 Cr	1x
TOTAL	3,39,02,899	5,34,85,863	791.59 Cr	5,34,85,863 1,38,049 applications 791.59 Cr	1.58x

Varmora Granito IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹148.

Applications

1,38,066

Allottees

1,38,066

Overall odds

All allotted

Amount collected

₹1,002 Cr

Category	AppsApplications	Shares Applied	Shares Allotted	GotAllottees	Odds
QIB 1.86x subscribed	34	4,46,08,367 ₹660 Cr	2,47,36,010 1.86x subscribed	34	AllAll allotted
Ex. Anchor Ex. Anchor	17	2,95,99,161	1,03,84,235 · 3.09x	17	AllAll allotted
Anchor Anchor Investors	17	1,50,09,206	1,43,51,775 · 1.05x	17	AllAll allotted
NII (HNI) 0.93x subscribed	1,747	66,85,594 ₹98 Cr	66,85,594 0.93x subscribed	1,747	AllAll allotted
bNII >₹10L bNII — above ₹10 Lakh	406	44,76,219	44,76,219 · 0.94x	406	AllAll allotted
sNII <₹10L sNII — below ₹10 Lakh	1,341	22,09,375	22,09,375 · 0.92x	1,341	AllAll allotted
Retail 0.98x subscribed	1,36,285	1,64,17,651 ₹242 Cr	1,64,17,651 0.98x subscribed	1,36,285	AllAll allotted
TOTAL 1.42x subscribed	1,38,066	6,77,11,612	4,78,39,255 1.42x subscribed	1,38,066	AllAll allotted

Varmora Granito IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)

Full allotment

1x — undersubscribed. Every valid retail application should be allotted in full.

Small HNI (₹2–10 L)

Full allotment

0.92x — undersubscribed. Valid S-HNI bids should be allotted in full.

Big HNI (above ₹10 L)

Full allotment

0.92x — undersubscribed. Valid B-HNI bids should be allotted in full.

QIB (institutions)

3.16x

Proportionate allotment — at 3.16x, institutions receive ~31.6% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date	Total	QIB	BHNI	SHNI	Retail
24 Sep 2026 Day 3	1.58x	3.16x	0.92x	0.92x	1x	▼
QIB3.16x BHNI0.92x SHNI0.92x Retail1x
23 Sep 2026 Day 2	0.27x	0.11x	0.14x	0.24x	0.4x	▼
QIB0.11x BHNI0.14x SHNI0.24x Retail0.4x
22 Sep 2026 Day 1	0.11x	-	0.02x	0.12x	0.2x	▼
QIB- BHNI0.02x SHNI0.12x Retail0.2x

Varmora Granito IPO dates

From the bidding window to listing. Today is 2 November.

Key dates Listed

Open 22 Sep 2026
Close 24 Sep 2026
Allotment 25 Sep 2026
Refund/credit 28 Sep 2026
Listing 29 Sep 2026

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

#	Anchor Investor	Group Entity	Shares Allotted	Amt (₹ cr.)	% Allocated	% of Issue
1	ICICI PRUDENTIAL HOUSING OPPORTUNITIES FUND	ICICI PRUDENTIAL MUTUAL FUND	1689225	₹25.00 Cr	11.77%	3.53%
2	GOLDMAN SACHS FUNDS-GOLDMAN SACHS INDIA EQUITY PORTFOLIO	GOLDMAN SACHS	1689225	₹25.00 Cr	11.77%	3.53%
3	BANDHAN LARGE & MID CAP FUND	BANDHAN MUTUAL FUND	1689225	₹25.00 Cr	11.77%	3.53%
4	ICICI PRUDENTIAL RETIREMENT FUND-PURE EQUITY PLAN	ICICI PRUDENTIAL MUTUAL FUND	1351380	₹20.00 Cr	9.42%	2.82%
5	SOCIETE GENERALE-ODI	SOCIETE GENERAL	1351380	₹20.00 Cr	9.42%	2.82%
6	INDIA ACORN FUND LTD.	INDIA ACORN	1067570	₹15.80 Cr	7.44%	2.23%
7	MOTILAL OSWAL LARGE CAP FUND	MOTILAL OSWAL MUTUAL FUND	1067570	₹15.80 Cr	7.44%	2.23%
8	TURNAROUND OPPORTUNITIES FUND	TURNAROUND OPPORTUNITIES	711646	₹10.53 Cr	4.96%	1.49%
9	BHARTI AXA LIFE INSURANCE CO.LTD.	BHARTI AXA LIFE INSURANCE	675690	₹10.00 Cr	4.71%	1.41%
10	UNION SMALL CAP FUND	UNION MUTUAL FUND	675690	₹10.00 Cr	4.71%	1.41%
11	BNP PARIBAS FINANCIAL MARKETS-ODI	BNP PARIBAS	675690	₹10.00 Cr	4.71%	1.41%
12	JM FLEXICAP FUND	JM FINANCIAL MUTUAL FUND	405414	₹6.00 Cr	2.82%	0.85%
13	360 ONE EQUITY OPPORTUNITY FUND-SERIES II	360 ONE	355924	₹5.27 Cr	2.48%	0.74%
14	LC PHAROS MULTI STRATEGY FUND VCC-LC PHAROS MULTI STRATEGY FUND SF1	LC PHAROS	338025	₹5.00 Cr	2.36%	0.71%
15	JM MIDCAP FUND	JM FINANCIAL MUTUAL FUND	270276	₹4.00 Cr	1.88%	0.56%
16	JM SMALL CAP FUND	JM FINANCIAL MUTUAL FUND	202707	₹3.00 Cr	1.41%	0.42%
17	JM VALUE FUND	JM FINANCIAL MUTUAL FUND	135138	₹2.00 Cr	0.94%	0.28%
	TOTAL		14,351,775	₹212.40 Cr	100.01%

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Varmora Granito IPO?

As of IPO close date (24 Sep, 2026), the Varmora Granito IPO is subscribed 1.58x times. Retail category is 1x, and NII is 0.92x subscribed.

When is the allotment date for Varmora Granito IPO?

The allotment for Varmora Granito IPO is expected to be finalized on 25 September, 2026.

What is the GMP of Varmora Granito?

The Grey Market Premium (GMP) for Varmora Granito is currently ₹1, indicating a potential listing gain of 0.68%.

When will Varmora Granito IPO list on the stock market?

Varmora Granito is scheduled to list on BSE and NSE on 29 September, 2026.

What are the chances of getting allotment in Varmora Granito IPO?

The retail category is oversubscribed at 1x, meaning allotment is by lottery. Statistically, approximately 1 in 1 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 3.16x mean for Varmora Granito IPO?

Moderate — QIBs have subscribed 3.16x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Varmora Granito IPO allotment status?

After the allotment date (25 Sep, 2026), you can check your Varmora Granito IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

Explore Varmora Granito IPO further

Track every stage of this IPO, from subscription to listing.

01 Next step

IPO details

It has listed — go back to the fundamentals.

₹140 to ₹148

Read the full profile

GMP today

Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.

GMP ₹1 (0.68%)

See the grey market

IPO review

What brokers and analysts are saying about this issue, in one place.

May Apply · 11 reviews

See the verdicts

Allotment status

Check with your PAN whether shares were credited to your demat account.

Allotment out · 25 Sep

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total

1.58x

QIB

3.16x

NII

0.92x

bHNI

0.92x

sHNI

0.92x

Retail

Full IPO details