Varmora Granito Ltd IPO was priced at ₹140–₹148 per share with an issue size of ₹1,096 crore. The IPO opened on Sep 22, 2026 and closed on Sep 24, 2026, with a lot size of 101 shares and a minimum investment of ₹14,948.
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| Price Band | ₹140.00 - ₹148.00 per share |
| Lot Size | 101 shares |
| Min Investment | ₹14,948 |
| Total Issue Size | ₹1096.00 crore |
| Shares Offered | 7,40,56,889 |
| Issue Structure | Fresh Issue + Offer for Sale |
| Issue Type | Bookbuilding IPO |
| Lead Manager(s) | JM Financial Ltd., Goldman Sachs (India) Securities Pvt.Ltd., SBI Capital Markets Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Listing At | BSE, NSE |
Issue price ₹148 · lot size 101 shares · no GMP recorded, so estimated profit is nil
| Category | Lots | Shares | Investment | Value at listing | Profit |
|---|---|---|---|---|---|
| Retail (Min) | 1 | 101 | ₹14,948 | ₹14,948 | ₹0 |
| Retail (Max) | 13 | 1,313 | ₹1,94,324 | ₹1,94,324 | ₹0 |
| S-HNI (Min) | 14 | 1,414 | ₹2,09,272 | ₹2,09,272 | ₹0 |
| S-HNI (UPI limit) | 33 | 3,333 | ₹4,93,284 | ₹4,93,284 | ₹0 |
| S-HNI (Max) | 66 | 6,666 | ₹9,86,568 | ₹9,86,568 | ₹0 |
| B-HNI (Min) | 67 | 6,767 | ₹10,01,516 | ₹10,01,516 | ₹0 |
| Metric | Latest Reported |
|---|---|
| Total Income | ₹1562.53 Cr |
| Profit After Tax | ₹55.09 Cr |
| Net Worth | ₹722.90 Cr |
Promoters: Bhavesh Vallabhdas Varmora, Hiren R Varmora, Pramodkumar Parsotambhai Patel
| Promoter Holding (Pre-Issue) | 26.99% |
| Promoter Holding (Post-Issue) | 22.91% |
Varmora Granito Limited is engaged in the business of manufacturing and marketing ceramic and vitrified tiles.
Operated nine manufacturing facilities, exported products to over 100 countries.
| Founded | 2003 |
| Headquarters | Rajkot, Gujarat |
| Industry | Ceramic and Vitrified Tiles |
| Website | https://www.varmora.com/ |
| Registrar | Kfin Technologies Ltd. |
| Phone | 040-79615565 |
| [email protected] |
11 answers about Varmora Granito Ltd IPO — dates, pricing, allotment and listing.
Varmora Granito Ltd IPO is a bookbuilding ipo of ₹1,096 crore. The issue was priced at ₹140–₹148 per share, with a lot size of 101 shares. Bidding ran from Tue, 22 Sep 2026 to Thu, 24 Sep 2026, with shares listed on BSE and NSE.
The price band was ₹140–₹148 per share.
One lot was 101 shares. Bids had to be placed in multiples of 101.
A retail investor needed at least ₹14,948 – one lot of 101 shares at ₹148, the upper end of the price band.
Varmora Granito Ltd IPO opened on Tue, 22 Sep 2026 and closed on Thu, 24 Sep 2026.
Allotment was finalised on Fri, 25 Sep 2026.
Varmora Granito Ltd shares were listed on Tue, 29 Sep 2026 on BSE and NSE.
The company intended to use the net proceeds towards 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 and general corporate purposes.
JM Financial Ltd., Goldman Sachs (India) Securities Pvt.Ltd. and SBI Capital Markets Ltd. are the book running lead managers. Kfin Technologies Ltd is the registrar to the issue.
Category-wise demand from retail, NII and QIB bidders is on the Varmora Granito Ltd IPO subscription page, and on the BSE and NSE websites.
From Fri, 25 Sep 2026, check the Varmora Granito Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.