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Varmora Granito

IPO
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Allotment
25 Sep
2026
Listing
29 Sep
2026
Price band
₹140 – ₹148
Issue size
₹388.02 Cr
GMP
+₹1 (+0.68%)
Subscription
1.42x
GMP history
+0.7%4 Oct11 Oct

Grey-market premium (% of issue price) since we began tracking this IPO. GMP is unofficial and volatile.

Issue breakup
● OFS 100%
₹388 Cr OFS. Fresh issue raises new capital for the company; OFS is existing shareholders selling their stake.
Subscription by category
CategorySubscription
Total1.42x
Lot size
ApplicationLotsSharesAmount
Retail (Min)1101₹14,948
Retail (Max)131313₹1,94,324
S-HNI (Min)141414₹2,09,272
S-HNI (Max)666666₹9,86,568
B-HNI (Min)676767₹10,01,516
Registrar
KFin Technologies
Handles share allotment, refunds and the demat credit for this IPO.
About the company

Updated on Oct 27, 2026 Varmora Granito Limited, incorporated in 2003, manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT) and ceramic tiles. The company focuses on premium, technology-driven products, with GVT and technical tiles accounting for around 84% of its tile revenue in Fiscal 2026. The company operates eight manufacturing facilities in the Morbi cluster of Gujarat, with 81.72% of its revenue in Fiscal 2026 generated from in-house manufactured products. It has also adopted Integrated Stone Technology (IST) through a technology partnership with Italy-based SACMI, supporting its focus on innovative and premium tile products. Varmora has a wide distribution network comprising 305 exclusive brand outlets and 2,758 multi-brand outlets across India and overseas, along with B2B sales to builders, contractors, developers and government entities.

Read the Varmora Granito RHP (prospectus)

Aggregated by CoinWhisperer for convenience. Figures (GMP, subscription, price band) can change and may be delayed - always verify on the official source and with your broker before applying. Do your own research.

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