Varmora Granito Ltd.
NSE & BSE₹140–148
₹ 502 Cr
101 Shares
₹ 14,140
₹2
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 15,124.64 | 14,460.29 | |
| 500.64 | 466.46 | |
| 15,625.28 | 14,926.75 | |
| 13,409.72 | 12,943.84 | |
| 766.18 | 376.5 | |
| 550.93 | 307.73 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
22 Sept 2026
IPO Offer Ends
24 Sept 2026
29 Sept 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings | 2,450 |
| 2 | General corporate purposes | 480.03 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
51.30%
Promoter stake
Post-IPO
47.04%
Promoter stake
Offered to Public
3,39,02,899
shares
Post Share Capital
10,63,11,980
shares
IPO Registrar
KFIN Technologies Ltd.
About the Company
We are one of the leading players in the Indian tiles market in terms of revenue in Fiscal 2025 among the selected listed peers (Source: Technopak Report). According to the Technopak Report, we are the fastest growing among the selected listed peers in India in terms of revenue CAGR, with tiles as its primary segment, between Fiscals 2023 to 2025. The market leading growth is driven by our forefront position in tile innovation and premiumization in India (Source: Technopak Report). We have consistently leveraged technology to pioneer design and quality advancements in the industry. For instance, according to the Technopak Report, we were the first to launch digitally printed wall tiles in 2010 and one of the first in the industry to introduce homogenous-body slabs ((i) 1170 x 1770 mm; and (ii) 1185 x 1785 mm full-body slabs) in 2006, double charge tiles in 2012, high gloss and rocker in 2017 and kitchen slabs (80x260) in 2020. We are also the first company to commercialize integrated stone technology (“IST”) in Asia in 2024 (Source: Technopak Report), with a technology partnership with SACMI Imola S.C. (“SACMI”), an Italian tile equipment provider.
Use of Proceeds
1. Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by:a. our Company; andb. our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of our subsidiary, Simola Tiles LLP, through investment in such Subsidiaries; and2. General corporate purposes.
Varmora Granito Ltd. Latest News
IPO FAQs
The Varmora Granito Ltd. IPO has a total of ₹502 crore, calculated at the upper end of the .
The Varmora Granito Ltd. IPO is priced at ₹140–148 per share. bids must fall within this , against a of ₹2 per share.
The for the Varmora Granito Ltd. IPO is 101 shares, which is also the minimum order quantity — you have to apply for at least 101 shares, and in multiples of 101 beyond that.
The minimum investment in the Varmora Granito Ltd. IPO is about ₹14,140 — one lot of 101 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Varmora Granito Ltd. opens on 22 Sept 2026 and closes on 24 Sept 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Varmora Granito Ltd. shares were listed on 29 Sept 2026 on BSE and NSE.
KFIN Technologies Ltd. is the for the Varmora Granito Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Varmora Granito Ltd. IPO shares are listed on BSE and NSE.
Each Varmora Granito Ltd. share has a of ₹2.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 51.30% of Varmora Granito Ltd. before the IPO, which falls to 47.04% after the issue.
3,39,02,899 shares of Varmora Granito Ltd. are being offered to the public in this issue.
The Varmora Granito Ltd. IPO has been subscribed 1.58x overall — 3.16x, 0.92x and 1.00x.
figures update through the issue period until it closes.
- 1.Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by:a. our Company; andb. our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of our subsidiary, Simola Tiles LLP, through investment in such Subsidiaries
- 2.General corporate purposes
JM Financial Ltd., Goldman Sachs (India) Securities Pvt Ltd and SBI Capital Markets Ltd are the for the Varmora Granito Ltd. IPO.
Pre-apply means placing your Varmora Granito Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Varmora Granito Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Varmora Granito Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.