Varmora Granito IPO
Varmora Granito IPO is a mainboard IPO raising ₹708 Cr at ₹140 – ₹148 a share. It listed on 29 Sept 2026 at ₹155, +4.7% against its issue price of ₹148, and trades at ₹123 today (−16.9% since issue). It was subscribed 1.58× in total.
Just covered — bids slightly exceed the shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 93,65,510 | 2,96,22,290 | 3.16× |
| Foreign Institutional Investors | no separate quota | 1,60,80,008 | n/a |
| Domestic Financial Institutions | no separate quota | 0 | n/a |
| Mutual funds | no separate quota | 97,69,326 | n/a |
| Others | no separate quota | 37,72,956 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 73,61,217 | 67,70,838 | 0.92× |
| Non Institutional Investors | 49,07,478 | 45,18,437 | 0.92× |
| Corporates | no separate quota | 1,35,138 | n/a |
| Individuals | no separate quota | 42,75,229 | n/a |
| Others | no separate quota | 1,08,070 | n/a |
| Non Institutional Investors | 24,53,739 | 22,52,401 | 0.92× |
| Corporates | no separate quota | 18,685 | n/a |
| Individuals | no separate quota | 21,49,583 | n/a |
| Others | no separate quota | 84,133 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 1,71,76,172 | 1,70,92,735 | 1.00× |
| Cut Off | no separate quota | 1,46,71,361 | n/a |
| Price bids | no separate quota | 24,21,374 | n/a |
| Total | 3,39,02,899 | 5,34,85,863 | 1.58× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Sept, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 27% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.23 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.