Varmora Granito
· Mainboard · NSE, BSE
Price Band
₹140–148
Lot Size
101 shares
Issue Size
₹708 Cr
Min. Investment
₹14,948
Grey Market Premium
Last unofficial quote before listing
Cap price plus current GMP: ₹149 — arithmetic, not a forecast
Subscription Status
Varmora GranitoIPO: Overview & Key Facts
Varmora Granito IPO is a Mainboard issue that listed on NSE, BSE on 29 September 2026. The price band is ₹140–₹148 per equity share, with a market lot of 101 shares. The total issue size is ₹708 Cr. At the upper price band, the minimum application for an individual investor is 1 lot (101 shares), amounting to ₹14,948.
Varmora Granito IPO GMP & Listing
The last grey market premium (GMP) reported for Varmora Granito IPO before listing was ₹1, about 0.68% over the upper price band of ₹148, and informal quotes had eased over the sessions we recorded. The shares opened at ₹155 on listing day, 4.7% above the issue price of ₹148. GMP is an unofficial, unregulated indicator quoted by off-market dealers; it moves with supply and demand and is not a guaranteed listing price. For how often it has been right, read our research on IPO GMP accuracy.
Varmora GranitoIPO Subscription Status & Demand Analysis
On the latest figures we have, Varmora Granito IPO was subscribed 1.58x overall — with QIB at 3.1x, NII at 0.93x, bNII at 0.94x, sNII at 0.91x, Retail at 1x, from about 1,41,278 applications. Where the individual-investor category is oversubscribed, allotment in it is decided by a computerised lottery: as many applicants as possible receive the minimum application, chosen at random.
Varmora Granito IPO Allotment & Listing
The registrar for this issue is KFin Technologies Ltd.; the basis of allotment was finalised on 25 September 2026 and the shares listed on 29 September 2026. You can check your allotment status on our IPO Allotment Checker using your PAN or application number.
Listing Performance
Issue Price
₹148
Listed At
₹155
Current Price
₹134.92
Issue Objectives
- Repayment/ 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 Pvt.Ltd. and Varmora Sanitarywares Pvt.Ltd. (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries
- General Corporate Purposes
- Issue Expenses
Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 2,39,19,626 | 50% |
| − Anchor Investor | 1,43,51,775 | 30% |
| − QIB (Ex. Anchor) | 95,67,851 | 20% |
| NII (HNI) | 71,75,889 | 15% |
| − bNII > ₹10L | 47,83,926 | 10% |
| − sNII < ₹10L | 23,91,963 | 5% |
| Retail | 1,67,43,740 | 35% |
- QIB30.3%
- − Anchor Investor18.2%
- − QIB (Ex. Anchor)12.1%
- NII (HNI)9.1%
- − bNII > ₹10L6.1%
- − sNII < ₹10L3.0%
- Retail21.2%
Market Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 |
| Retail (Max) | 13 | 1313 | ₹1,94,324 |
| S-HNI (Min) | 14 | 1414 | ₹2,09,272 |
| S-HNI (Max) | 66 | 6666 | ₹9,86,568 |
| B-HNI (Min) | 67 | 6767 | ₹10,01,516 |
Financials (₹ Cr)
Valuations
EPS (Pre IPO)
2.70
EPS (Post IPO)
2.44
ROE
7.79%
P/E (Pre IPO)
54.81
P/E (Post IPO)
60.66
Market Cap
₹3,024.98 Cr.
Contact Details
Varmora Granito Ltd. Address
- 3800549909913657
- investor.relations@varmora.com
- https://www.varmora.com/
Registrar Contact Details
KFin Technologies Ltd.
- +91 40 6716 2222
- einward.ris@kfintech.com
- https://kfintech.com
- Selenium Tower B, Plot 31-32, Financial District, Nanakramguda, Hyderabad – 500032
Frequently Asked Questions
Key Dates
- Open Date
- 22 Sept 2026
- Close Date
- 24 Sept 2026
- Basis of Allotment
- 25 Sept 2026
- Listing Date
- 29 Sept 2026
Issue Details
- Registrar
- KFin Technologies
- Exchange
- NSE, BSE