MyIPOStatus
Varmora Granito IPO: GMP, subscription and allotment status
This IPO has left the live dashboard. The figures below are as recorded on 5 Oct 2026.
0.97×Undersubscribed
Subscription as of 24 Sept, 19:00 IST, from NSE bid data
- Listed at
- ₹155
- +4.7% on issue price
- Est. listing
- ₹149
- +0.7% on issue price
- Price band
- ₹140–148
- Lot
- 101 shares
- Min. ₹14,948
Allotment
Allotment is published. Check every saved PAN in one go.
Dates
22 → 24 Sept · allot 25 · list 29Refunds and shares in your demat account on 28 Sept.
Subscription by category
- Retail
- 0.67×
- Undersubscribed
- Non-institutional (NII)
- 0.75×
- Undersubscribed
- Qualified institutional (QIB)
- 1.71×
- Covered
- Total
- 0.97×
- Undersubscribed
Shares bid for
- QIB
- Offered 93,65,510
- Bid for 2,96,22,290
- 3.16×
- NII
- Offered 73,61,217
- Bid for 67,70,838
- 0.92×
- bHNI (above ₹10 lakh)
- Offered 49,07,478
- Bid for 45,18,437
- 0.92×
- sHNI (₹2–10 lakh)
- Offered 24,53,739
- Bid for 22,52,401
- 0.92×
- Retail
- Offered 1,71,76,172
- Bid for 1,70,92,735
- 1.00×
- Total
- Offered 3,39,02,899
- Bid for 5,34,85,863
- 1.58×
Day by day
- 24 Sept 2026
- Overall 0.97×
- Retail 0.67× retail
- 23 Sept 2026
- Overall 0.19×
- Retail 0.27× retail
Overall and retail, as they stood at the end of each day of bidding.
As of 24 Sept, 19:00 IST.
GMP day by day
The last GMP before listing was ₹0 on 28 Sept, pointing to a listing around ₹148. It listed at ₹155, ₹7 above that estimate.
- 29 Sept 2026
- GMP ₹1
- Est. listing ₹149 +0.7%
- 28 Sept 2026
- GMP ₹0
- Est. listing ₹148 0.0%
- 27 Sept 2026
- GMP ₹0
- Est. listing ₹148 0.0%
- 26 Sept 2026
- GMP ₹0
- Est. listing ₹148 0.0%
- 25 Sept 2026
- GMP ₹0
- Est. listing ₹148 0.0%
- 24 Sept 2026
- GMP ₹0
- Est. listing ₹148 0.0%
Recorded once a day from IPOWatch's GMP table. GMP is unofficial and doesn't guarantee a listing price.
Issue details
- Segment
- Mainboard
- Face value
- ₹2
- Issue type
- Book build Issue
- Fresh issue
- ₹320 Crores
- Offer for sale
- 2,62,17,634 Equity Shares
- Listing at
- BSE, NSE
- Registrar
- KFin Technologies
- NSE symbol
- VARMORA
GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from
What you can apply for
- Retail Minimum
- 1 lot, 101 shares
- 101
- ₹14,948
- Retail Maximum
- 13 lots, 1,313 shares
- 1,313
- ₹1,94,324
- S-HNI Minimum
- 14 lots, 1,414 shares
- 1,414
- ₹2,09,272
- S-HNI Maximum
- 66 lots, 6,666 shares
- 6,666
- ₹9,86,568
- B-HNI Minimum
- 67 lots, 6,767 shares
- 6,767
- ₹10,01,516
A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.
Where the money goes
- 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 (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries; and
- ₹245.00 Cr
- General corporate purposes
- —
What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.
Company numbers
₹1,562.53 Cr+4.7% on 2025
₹55.09 Cr+79.0% on 2025
₹1,509.87 Cr−5.0% on 2025
- 2026
- Revenue ₹1,562.53
- Profit ₹55.09
- Assets ₹1,509.87
- 2025
- Revenue ₹1,492.68
- Profit ₹30.77
- Assets ₹1,589.80
- 2024
- Revenue ₹1,472.58
- Profit ₹44.94
- Assets ₹1,476.16
In ₹ crore, for the years the offer document reports.
- ROE
- 6.80%
- ROCE
- 9.89%
- EBITDA Margin
- 14.18%
- PAT Margin
- 3.53%
- Earning Per Share (EPS)
- ₹3.08 (Basic)
- Return on Net Worth (RoNW)
- 7.79%
- Net Asset Value (NAV)
- ₹39.52
Listed peers
- Kajaria Ceramics Limited
- P/E 40.27
- EPS 30.48
- Return on net worth 15.89%
- Somany Ceramics Limited
- P/E 28.55
- EPS 19.80
- Return on net worth 8.79%
- Asian Granito India Limited
- P/E 72.00
- EPS 0.70
- Return on net worth 1.23%
- Orient Bell Limited
- P/E 47.67
- EPS 8.46
- Return on net worth 3.78%
Price to earnings, earnings per share and return on net worth, as the offer document reports them.
Who the issue is reserved for
- Anchor
- 30%
- QIB
- 20%
- NII
- 15%
- Retail
- 35%
Share of the issue set aside for each kind of investor.
Promoters and bankers
- Promoters
- Bhavesh Vallabhdas Varmora, Hiren R Varmora and Pramodkumar Parsotambhai Patel
- Promoter holding
- 52.01% before the IPO, 23.84% after
- Lead managers
- JM Financial Ltd., Goldman Sachs (India) Securities Pvt.Ltd., SBI Capital Markets Ltd.
Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.
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Frequently asked questions
- What is the GMP of Varmora Granito IPO today?
- The grey-market premium is ₹1, which points to a listing around ₹149 (+0.7% on the issue price). GMP is unofficial and doesn't guarantee a listing price.
- How many times has Varmora Granito IPO been subscribed?
- 0.97× overall, with the retail portion at 0.67×, as of 19:00 IST on 24 September 2026, from NSE bid data.
- When does Varmora Granito IPO open and close?
- Bidding ran from 22 September 2026 to 24 September 2026.
- What is the Varmora Granito IPO allotment date?
- Allotment is out. You can check it by PAN now.
- When will Varmora Granito IPO list?
- It listed on 29 September 2026.
- How did Varmora Granito IPO list against its GMP?
- The last grey-market premium before listing was ₹0 on 28 September 2026, pointing to a listing around ₹148. It listed at ₹155, ₹7 above that estimate.
- What is the lot size and minimum investment for Varmora Granito IPO?
- One lot is 101 shares, so the minimum investment at the upper price of ₹148 is ₹14,948.
- How do I check Varmora Granito IPO allotment status?
- KFin Technologies has published the allotment. Use Check allotment on this page to check every PAN in your family in one go.