Varmora Granito
₹14,948(101 Shares)
Minimum Investment
IPO Dates
Sep 22, 2026 – Sep 24, 2026
Price Band
₹140–148 per equity share
Issue Size
₹708.02 Cr
Lot Size
101
Listing
Sep 29, 2026
Listing At
BSE, NSE
Varmora Granito Live Subscription Details
All IPOsAll Live IPOsNII Sub-Categories
bHNI (> ₹10L)
Bids above ₹10L
sHNI (< ₹10L)
Bids ₹2L to ₹10L
Overall Subscription
Total Bids Received
1.60x
Varmora Granito IPO Issue Details
- Issue Price
- ₹140-148 Per Equity Share
- Face Value
- ₹2 Per Equity Share
- Total Issue Size
- ₹708.02 Cr
- Fresh Share
- 2,16,21,621 shares(aggregating up to ₹320 crore)
- Listing At
- BSE, NSE
- Listing Date
- Sep 29, 2026
- Lead Manager
- JM Financial Ltd., Goldman Sachs (India) Securities Pvt.Ltd., SBI Capital Markets Ltd.
- Registrar
- Kfin Technologies Ltd.
Market Lot Details
Reservation Details
NII
71.76L
QIB
95.68L
Anchor
1.44Cr
Individual
1.67Cr
bhni
47.84L
shni
23.92L
shareholder
4.78Cr
Company Information
Incorporated in 2003, Varmora Granito Limited operates in the industry of manufacturing and distributing ceramic tiles and vitrified tiles. The product offering of the company consists of a variety of...
Valuations
EPS (Pre-IPO)
2.70
EPS (Post-IPO)
2.44
P/E (Pre-IPO)
54.81
P/E (Post-IPO)
60.66
RoNW
7.79%
PAT Margin
3.53%
P/B Value
3.74
Market Cap
₹3,344.97 Cr.
Financial Information (₹ in Crores)
* All figures are in ₹ Crores unless otherwise stated.
Objectives of the Issue
- 1Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by: The company and wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries; and
- 2General corporate purposes.
Varmora Granito – Promoter(s)
Contact Details
Corporate Office
8-A, National Highway, Dhuva, Taluka Wankaner, Rajkot, Gujarat, 380054
Varmora Granito Allotment & Registrar Details
Check AllotmentKfin Technologies Ltd.
Varmora Granito IPO Documents
Lead Managers
JM Financial Ltd.
Goldman Sachs (India) Securities Pvt.Ltd.
SBI Capital Markets Ltd.
Frequently Asked Questions — Varmora Granito IPO
The Varmora Granito IPO price band is set at ₹140.00 to ₹148.00 per equity share.
The total issue size of Varmora Granito IPO is ₹708.02 Cr.
The lot size for Varmora Granito IPO is 101 shares per lot. The minimum investment amount is approximately ₹14,948.
The Varmora Granito IPO opens on Sep 22, 2026 and closes on Sep 24, 2026.
The basis of allotment for Varmora Granito IPO is expected to be finalized on Sep 25, 2026.
Varmora Granito IPO is expected to be listed on Sep 29, 2026 on BSE, NSE.
The current GMP for Varmora Granito IPO is ₹1, suggesting an expected listing price of around ₹141.00. Note: GMP is an unofficial market indicator.
The registrar for Varmora Granito IPO is Kfin Technologies Ltd.. You can contact them at einward.ris@kfintech.com.
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