What is the lot size of Varmora Granito Limited IPO?

The Varmora Granito Limited IPO lot size is 101 shares, and the minimum amount required for application is ₹14948.

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Varmora Granito Limited IPO

Q: What is the Varmora Granito Limited IPO?

The Varmora Granito Limited IPO is a MAIN IPO with a total issue size of ₹708 crores. The IPO price band is fixed at ₹140 to ₹ 148 per share, and the minimum lot size is 101 shares. The Varmora Granito Limited IPO will open on 22nd Sep 2026, and will close on 24th Sep 2026. KFin Technologies Limited has been appointed as the registrar for the issue. The equity shares are proposed to be listed on NSE,BSE.

Q: When will Varmora Granito Limited IPO open?

The Varmora Granito Limited IPO opens on 22nd Sep 2026 and closes on 24th Sep 2026.

Q: How to apply for Varmora Granito Limited IPO?

You can apply for the Varmora Granito Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker's platform, select Varmora Granito Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

Q: When is Varmora Granito Limited IPO listing date?

The Varmora Granito Limited IPO listing date is 29th Sep 2026.

Mainboard Listed 100.00% • Listed @ ₹0.00

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Latest GMP

Lead Manager
JM Financial Limited

IPO Registrar
KFin Technologies Limited

IPO Open Date
22nd Sep 2026

IPO Close Date
24th Sep 2026

Allotment date
25th Sep 2026

Listing date
29th Sep 2026

Issue Size
₹ 708 Cr.

Issue Price Band
₹ 140 to 148

Lot Size
101 Share

Minimum Investment
₹ 14948

Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.

About Varmora Granito Limited

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.

Manufacturing Capabilities

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.

Distribution Network

Varmora has a wide distribution network comprising:

305 exclusive brand outlets
2,758 multi-brand outlets

Across India and overseas, along with B2B sales to builders, contractors, developers, and government entities.

Sustainability

The company also focuses on sustainability, with 16.22 MW of renewable energy capacity from wind and solar.

Workforce

As of March 2026, it had 1,153 permanent employees.

Competitive Strengths

Diversified premium product portfolio
Technology-led innovation and pan-India distribution
In-house manufacturing capabilities and a focus on sustainability

Category	Shares Offered	Shares Applied	Subscription Times (x)
QIB (Ex Anchor)	93,65,510 (27.62%)	2,96,22,290	3.16
NII	73,61,217 (21.71%)	67,70,838	0.92
bNII (> ₹10L)	49,07,478 (14.48%)	45,18,437	0.92
sNII (< ₹10L)	24,53,739 (7.24%)	22,52,401	0.92
Retail	1,71,76,172 (50.66%)	1,70,92,735	1.00
Total	3,39,02,899 (100.00%)	5,34,85,863	1.58

Updated on 2026-09-29 05:28:04

Category	Shares Offered	Shares Applied	Subscription Times (x)
QIB (Ex Anchor)	93,65,510 (27.62%)	1,59,93,855	1.71
NII	73,61,217 (21.71%)	55,15,105	0.75
bNII (> ₹10L)	49,07,478 (14.48%)	39,68,088	0.81
sNII (< ₹10L)	24,53,739 (7.24%)	15,47,017	0.63
Retail	1,71,76,172 (50.66%)	1,14,62,692	0.67
Total	3,39,02,899 (100.00%)	3,29,71,652	0.97

Grey Market Premium (GMP)

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit*	Last Updated
28-09-2026	₹148	₹0	₹148 ( 0.00% )	₹0.00	28-Sep-2026 11:18 AM
26-09-2026	₹148	₹0.5	₹148.5 ( 0.34% )	₹50.50	26-Sep-2026 10:01 AM
25-09-2026	₹148	₹0.5	₹148.5 ( 0.34% )	₹50.50	25-Sep-2026 09:54 AM
24-09-2026	₹148	₹0.5	₹148.5 ( 0.34% )	₹50.50	24-Sep-2026 05:13 PM
23-09-2026	₹148	₹3	₹151 ( 2.03% )	₹303.00	23-Sep-2026 10:12 AM
22-09-2026	₹148	₹5	₹153 ( 3.38% )	₹505.00	22-Sep-2026 10:28 AM

Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Company Financials

Revenue increased by 5%, Profit after Tax (PAT) increased by 79%, Total Assets decreased by 5% between FY2025 and FY2026.

Period Ended	FY2024	FY2025	FY2026
Revenue	1,435.48	1,446.03	1,512.46
Assets	1,476.16	1,589.80	1,509.87
Total Income	1,472.58	1,492.68	1,562.53
Profit After Tax	44.94	30.77	55.09
EBITDA	150.33	198.29	221.56
Net Worth	678.59	722.90	796.88
Reserves & Surplus	630.20	691.72	765.70
Total Borrowings	412.89	505.16	357.95

Amount in ₹ Crore

IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	101	₹ 14,948
Retail (Max)	13	1,313	₹ 1,94,324
S-HNI (Min)	14	1,414	₹ 2,09,272
S-HNI (Max)	66	6,666	₹ 9,86,568
B-HNI (Min)	67	6,767	₹ 10,01,516

Key Performance Indicators (KPI)

KPI	Latest
ROE (%)	6.8
ROCE (%)	9.89
RoNW (%)	7.79
PAT Margin (%)	3.53
EBITDA Margin (%)	14.18
	Pre IPO Post IPO
EPS (₹)	3.08 -
P/E (x)	- -
Promoter Holding (%)	25.38 -

Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

JM Financial Limited

Registration No. : INM000010361

Lead Manager Details

JM Financial Limited

Contact Person: Prachee Dhuri
SEBI Registration Number: INM000010361
Investor Grievance Email: grievance.ibd@jmfl.com
Website: https://www.jmfl.com
Email: vgl.ipo@jmfl.com
Phone: +91 22 6630 3030
Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India

Goldman Sachs (India) Securities Private Limited

Registration No. : INM000011054

Lead Manager Details

Goldman Sachs (India) Securities Private Limited

Contact Person: Mayur Khule
SEBI Registration Number: INM000011054
Investor Grievance Email: india-client-support@gs.com
Website: https://www.goldmansachs.com
Email: varmoraipo@gs.com
Phone: +91 22 6616 9000
Address: 9th and 10th Floor, Ascent-Worli, Sudam Kalu Ahire Marg, Worli, Mumbai 400 025, Maharashtra, India

SBI Capital Markets Limited

Registration No. : INM000003531

Lead Manager Details

SBI Capital Markets Limited

Contact Person: Krithika Shetty/ Sylvia Mendonca
SEBI Registration Number: INM000003531
Investor Grievance Email: investor.relations@sbicaps.com
Website: https://www.sbicaps.com
Email: varmora.ipo@sbicaps.com
Phone: +91 22 4006 9807
Address: 1501, 15th floor, A & B Wing, Parinee Crescenzo, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India

IPO Registrar

Registrar Name
KFin Technologies Limited

Email
vgl.ipo@kfintech.com

Phone
+91 40 6716 2222

Contact Person
M. Murali Krishna

SEBI Registration Number
INR000000221

Address
Registered Office: 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400070, Maharashtra, India; Corporate Office: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500032, Telangana, India

Website
https://www.kfintech.com/

Company Contact Details

Company Name
Varmora Granito Limited

Email
investor.relations@varmora.com

Phone
+91 9909913657

Contact Person
Nilesh Sharma

Corporate Identity Number
U26914GJ2003PLC043194

Address
8-A, National Highway, Dhuva, Taluka Wankaner, Rajkot – 363 641, Gujarat, India

Website
http://www.varmora.com/

Varmora Granito Limited FAQs

The Varmora Granito Limited IPO is a MAIN IPO with a total issue size of ₹ 708 crores. The IPO price band is fixed at ₹140 to ₹ 148 per share, and the minimum lot size is 101 Shares. The Varmora Granito Limited IPO will open on 22nd Sep 2026, and will close on 24th Sep 2026. KFin Technologies Limited has been appointed as the registrar for the issue. The equity shares are proposed to be listed on NSE,BSE.

The Varmora Granito Limited IPO opens on 22nd Sep 2026 and closes on 24th Sep 2026.

The Varmora Granito Limited IPO lot size is 101 Share, and the minimum amount required for application is ₹ 14948.

You can apply for the Varmora Granito Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Varmora Granito Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Varmora Granito Limited IPO listing date is 29th Sep 2026.

Varmora Granito Limited IPO