MyIPOStatus
Varmora Granito IPO: GMP, subscription and allotment status
₹0grey-market premium
- GMP
- ₹0
- 0.0%as of 17 Sept, 16:18 IST
- Est. listing
- ₹148
- 0.0% on issue price
- Price band
- ₹148
- Lot
- 101 shares
- Min. ₹14,948
Allotment
Expected 25 Sept.
Dates
22 → 24 Sept · allot 25 · list 29Refunds and shares in your demat account on 28 Sept.
Issue details
- Segment
- Mainboard
- Face value
- ₹2
- Issue type
- Book build Issue
- Fresh issue
- ₹320 Crores
- Offer for sale
- 5,24,35,268 Equity Shares
- Listing at
- BSE, NSE
- Registrar
- KFin Technologies
- NSE symbol
- —
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
- QIB
- 50%
- 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 ₹0, which points to a listing around ₹148 (0.0% on the issue price), as of 16:18 IST on 17 September 2026. GMP is unofficial and doesn't guarantee a listing price.
- When does Varmora Granito IPO open and close?
- Bidding runs from 22 September 2026 to 24 September 2026.
- What is the Varmora Granito IPO allotment date?
- Allotment is expected on 25 September 2026.
- When will Varmora Granito IPO list?
- Listing is expected on 29 September 2026.
- 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 is the registrar. Once allotment is out, check it by PAN on the KFin Technologies website or right here.