Varmora Granito Limited
Mainboard IPO
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
Subscription status
Update pending
The issue is open. Subscription figures have not been published by the source yet.
Important documents
IPO timeline
IPO opens
22 Sept 2026
First day you can apply.
IPO closes
24 Sept 2026
Last day to apply, usually by evening.
Allotment
25 Sept 2026
Who gets shares is decided.
Refund / unblock
26 Sept 2026
Blocked money is released if you did not get shares.
Shares in demat
26 Sept 2026
Allotted shares reach your demat account.
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
