Minimum Investment
₹14,948
Price Range
₹140 to ₹148
Lot Size
101 shares
Issue Size
₹708 Cr
About the Company
Incorporated in 2003, Varmora Granito Limited is engaged in the business of manufacturing and marketing ceramic and vitrified tiles. The company’s product portfolio includes a wide range of tiles across formats such as glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles.
Bookbuilding IPO
IPO 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 Private Limited and Varmora Sanitarywares Private Limited (for
- General corporate purposes.
Important Dates
| Bid/Offer Opens On | 22-09-2026 |
| Bid/Offer Closes On | 24-09-2026 |
| Finalisation of Basis of Allotment | 25-09-2026 |
| Initiation of Refunds | 28-09-2026 |
| Credit of Shares to Demat | 28-09-2026 |
| IPO Listing Date | 29-09-2026 |
IPO Subscription Status
| Category | Offered Shares | Applied Shares | Times |
|---|---|---|---|
| QIB | 9,567,653 | 29,622,290 | 3.10x |
| NII | 7,175,828 | 6,770,838 | 0.94x |
| NII ( >10 lakh) | 4,783,886 | 4,518,437 | 0.94x |
| NII ( <10 lakh) | 2,391,943 | 2,252,401 | 0.94x |
| Retail | 16,743,599 | 17,092,735 | 1.02x |
| Total | 33,487,080 | 53,485,863 | 1.60x |
Frequently asked questions
What is the Varmora Granito IPO lot size?
The lot size is 101 shares with a minimum investment of ₹14,948.
When does the Varmora Granito IPO open and close?
Bidding is scheduled from 22-09-2026 to 24-09-2026 (subject to exchange updates).
How can I apply for the Varmora Granito IPO?
You can apply via the IPO Focuss - Ambica Finstock LLP mobile app during the bidding window using UPI or ASBA as available for this issue.
What is the Varmora Granito IPO listing date?
Shares are expected to list on 29-09-2026 (tentative; confirm from RHP / exchange notices).
Grey Market Premium (GMP)
Registrar
Kfin Technologies Ltd.
Lead Managers
- JM Financial Ltd. Goldman Sachs (India) Securities Pvt.Ltd. SBI Capital Markets Ltd.
Company Promoters
- Bhavesh Vallabhdas Varmora
- Hiren R Varmora and Pramodkumar Parsotambhai Patel.
