Varmora Granito IPO is a Mainboard public issue scheduled to open on September 22, 2026, and close on September 24, 2026. Varmora Granito Limited is engaged in manufacturing and selling ceramic and vitrified tiles, along with bathware and adhesives. The IPO is proposed to be listed on both BSE and NSE.
Varmora Granito IPO – Key Details
| Particular | Details |
|---|---|
| Company Name | Varmora Granito Limited |
| IPO Type | Mainboard IPO |
| IPO Open Date | September 22, 2026 |
| IPO Close Date | September 24, 2026 |
| Price Band | ₹140 – ₹148 per share |
| Lot Size | 101 Shares |
| Minimum Investment | ₹14,948 |
| Issue Size | ₹708.02 Crore |
| Fresh Issue | ₹320 Crore |
| Offer for Sale | ₹388.02 Crore |
| Face Value | ₹2 per share |
| Allotment Date | September 25, 2026 |
| Refund Date | September 28, 2026 |
| Demat Credit | September 28, 2026 |
| Listing Date | September 29, 2026 |
| Listing Exchange | BSE & NSE |
| Registrar | KFin Technologies Limited |
The issue consists of a ₹320 crore fresh issue and an offer for sale of approximately ₹388.02 crore at the upper end of the price band.
About Varmora Granito Limited
Varmora Granito Limited was incorporated in 2003 and operates in the building-materials industry. The company manufactures and sells glazed vitrified tiles (GVT), polished vitrified tiles (PVT), ceramic tiles, bathware and adhesives. Its corporate office is in Ahmedabad, Gujarat, while its manufacturing operations are associated with Gujarat.
According to available company information, Varmora has a large product portfolio covering multiple surface types and has also implemented technology related to integrated stone manufacturing.
Varmora Granito IPO GMP Today
The Grey Market Premium (GMP) is an unofficial market indicator and is not regulated or guaranteed by NSE or BSE. On September 22, 2026, media reports were quoting the GMP at around ₹5–₹10, depending on the source and time of update. GMP can change during the IPO period and should not be treated as a guaranteed listing gain.
For example, a ₹5 GMP over the upper price of ₹148 would indicate an unofficial estimated price of around ₹153, but the actual listing price can be very different.
Varmora Granito IPO Lot Size
The minimum IPO lot is 101 shares.
At the upper price band of ₹148:
101 × ₹148 = ₹14,948
Therefore, a retail investor needs approximately ₹14,948 for one minimum lot, subject to the applicable application rules.
Objects of the Issue
The fresh issue proceeds are intended to support the company's stated corporate purposes, including reducing borrowings of its subsidiary and general corporate purposes. The OFS portion represents shares being sold by existing shareholders rather than new capital being raised by the company.
Varmora Granito IPO Important Dates
| Event | Date |
|---|---|
| IPO Opens | September 22, 2026 |
| IPO Closes | September 24, 2026 |
| Basis of Allotment | September 25, 2026 |
| Refund Begins | September 28, 2026 |
| Shares Credited | September 28, 2026 |
| IPO Listing | September 29, 2026 |
These dates are based on currently published IPO schedules and can be subject to changes.
Varmora Granito IPO – What Investors Should Check
Before applying, investors can review:
- IPO price band and valuation
- Company revenue and profit trends
- Debt and borrowing levels
- Tile and building-material industry conditions
- Domestic and export exposure
- Fresh issue utilisation
- OFS component
- IPO subscription figures
- Latest GMP, while remembering that GMP is unofficial
- Risks disclosed in the company's RHP
The company's Red Herring Prospectus (RHP) is the primary document for understanding the offer, business risks and use of proceeds.
Frequently Asked Questions
What is the Varmora Granito IPO date?
The Varmora Granito IPO opens on September 22, 2026 and closes on September 24, 2026.
What is the Varmora Granito IPO price?
The price band is ₹140 to ₹148 per equity share.
What is the Varmora Granito IPO lot size?
The lot size is 101 shares.
What is the minimum investment in Varmora Granito IPO?
At the upper price of ₹148, one lot of 101 shares requires ₹14,948.
What is Varmora Granito IPO GMP today?
Recent reports on September 22, 2026 quoted GMP in the approximate ₹5–₹10 range, but GMP is unofficial and can change quickly.
When will Varmora Granito shares be listed?
The currently published tentative listing date is September 29, 2026 on BSE and NSE.
Is Varmora Granito an SME IPO?
No. Varmora Granito is a Mainboard IPO, with proposed listing on BSE and NSE.
Conclusion
The Varmora Granito IPO is a ₹708.02 crore Mainboard issue with a price band of ₹140–₹148 and a minimum lot size of 101 shares. The company operates in ceramic and vitrified tiles, bathware and adhesives. Investors should review the RHP, financial performance, valuation, risks and latest subscription data rather than relying only on GMP before making an investment decision.