Varmora Granito IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.11 | 3.10 |
| NII | 0.05 | 0.18 | 0.94 |
| bNII | 0.02 | 0.14 | 0.94 |
| sNII | 0.12 | 0.25 | 0.94 |
| RII | 0.21 | 0.41 | 1.02 |
| Total | 0.11 | 0.27 | 1.60 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Varmora Granito IPO minimum market lot is 101 shares with â‚ą14,948 application amount. The Varmora Granito IPO is a Mainboard IPO, and it is to be listed on BSE, NSE.
Business Overview
Varmora Granito, founded in 2003, is one of the leading manufacturers of ceramic and vitrified tiles. Its product portfolio consists of a diverse range of tiles across various formats such as glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles. The firm operates its business through a multi-channel network that consists of B2C and B2B models. Its product portfolio consists of over 3500 products.
In the B2C network, the firm sells its products through 286 exclusive brand outlets (EBOs) and over 2,000 multi-brand outlets (MBOs), while in B2B, the firm directly sells its products to Builders, contractors, developers, and government procurement. Moreover, the company has sold its products in 949 cities across 27 states and union territories in India. Furthermore, Varmora Granito operates 9 manufacturing facilities in the Morbi industrial cluster in Gujarat.
Varmora Granito IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Varmora Granito IPO Review and Rating
- May Apply For Long-term View
Varmora Granito IPO Form
How to apply for the Varmora Granito IPO? You can apply for Varmora Granito IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Varmora Granito IPO in the Invest section. The other option is you can apply for Varmora Granito IPO via IPO forms downloaded online. Check out the Varmora Granito forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
