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ClearIPO

Varmora Granito Limited

Mainboard IPO

Open nowMainboardRisk-factor review pending

Risk analysis not yet reviewed. ClearIPO publishes risk factors only after a manual review of the offer document.

Last updated 22 Sept 2026

Key details

Price band
₹140 to ₹148
Face value
Rs 10
Lot size
101 shares
Minimum investment
Rs 14,948
Issue size
Rs 708 Cr
Fresh issue
Rs 708 Cr
Retail quota
35%
Exchanges
BSE, NSE
Opening date
22 Sept 2026
Closing date
24 Sept 2026
Allotment date
25 Sept 2026
Listing date
29 Sept 2026

3 further details have not been reported for this issue yet, so they are left out rather than estimated.

Explain this IPO simply

The same information as the prospectus, written the way you would explain it to a friend.

What the company does

Varmora Granito manufactures and sells tiles, bathware, and adhesives. Its core product categories include glazed vitrified tiles, polished vitrified tiles, ceramic tiles, sanitaryware, faucets, and tile adhesives. The company operates eight in-house manufacturing facilities situated in Morbi, Gujarat, and engages contract manufacturers to produce standard volume items. It sells products domestically across India through a franchisee-owned network of exclusive brand outlets and multi-brand outlets, alongside partnerships with architects, builders, contractors, and government agencies under its B2B channel. The company also exports products internationally to multiple countries. Revenue is primarily generated from the sale of tiles, particularly glazed vitrified tiles and technical products featuring specialized homogeneous body formulations and digital printing surface engineering. In addition to tiles, the company produces ceramic clay as an intermediate input and offers engineered stone products manufactured using integrated stone technology.

No hand-checked analysis for this issue yet

We publish only the figures our data source reports for this IPO. Clarity scoring, strengths and risks, use of funds and valuation multiples appear here once the prospectus has been read and verified.

Subscription status

Update pending

The issue is open. Subscription figures have not been published by the source yet.

Important documents

IPO timeline

  1. IPO opens

    22 Sept 2026

    First day you can apply.

  2. IPO closes

    24 Sept 2026

    Last day to apply, usually by evening.

  3. Allotment

    25 Sept 2026

    Who gets shares is decided.

  4. Refund / unblock

    26 Sept 2026

    Blocked money is released if you did not get shares.

  5. Shares in demat

    26 Sept 2026

    Allotted shares reach your demat account.

  6. Listing day

    29 Sept 2026

    Shares start trading on the exchange.

Frequently asked questions

Where this information comes from

Last updated
2026-09-22T03:45:05.836Z
Last verified
2026-09-22T03:45:05.836Z
Primary source
nse
Secondary source
Exchange filings
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