Varmora Granito Limited
ClosedMainboardBuilding Materials / Ceramics · NSE / BSE
Varmora Granito Limited, incorporated in 2003, is a leading manufacturer and marketer of ceramic and vitrified tiles, offering a wide range of products including glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles across over 3,500 SKUs. The company operates through a strong multi-channel distribution network comprising B2C channels like exclusive brand outlets and multi-brand stores, as well as B2B channels serving builders, contractors, and government projects, with a presence across 949 cities in India. It has nine manufacturing facilities located in the Morbi ceramic hub in Gujarat, enabling large-scale production and efficiency. Along with a strong domestic footprint, the company exports to over 100 countries, supported by a dedicated export team, making it a well-diversified player in the tiles industry with both domestic and global reach.
Price Band
₹140 – ₹148
Issue Size
₹4783.89 L Cr
Lot Size
101 shares
GMP
₹0.5
+0.3%
Est. Listing
₹148.5
at current GMP
Subscribed
1.60x
overall
Open
22 Sep 2026
Close
24 Sep 2026
Allotment
25 Sep 2026
Refund
26 Sep 2026
Demat Credit
27 Sep 2026
Listing
29 Sep 2026
Last updated 2 days ago
Overall Subscription
1.60x
Total Demand
QIB Multiplier
3.10x
Institutions & Funds
NII / HNI
0.94x
High Net-Worth
Retail (RII)
1.02x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 9,567,653 | 29,622,290 | 3.10x |
| NIB | 7,175,828 | 6,770,838 | 0.94x |
| HNIs(10L +) | 4,783,886 | 4,518,437 | 0.94x |
| HNIs (2-10L) | 2,391,943 | 2,252,401 | 0.94x |
| RETAIL | 16,743,599 | 17,092,634 | 1.02x |
| Total | 40,662,909 | 60,256,600 | 1.60x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 165,778 | 141,237 | 0.85x |
| HNIs(10L +) | 3,383 | 375 | 0.11x |
| HNIs (2-10L) | 1,692 | 1,331 | 0.79x |
| Total Applications | 170,853 | 142,943 | 0.84x |
Day-Wise Subscription Progress
About Varmora Granito Limited Public Issue & Market Profile
Varmora Granito Limited is bringing an initial public offering (IPO) in the Building Materials / Ceramics sector with an aggregate issue size of ₹4,78,38,855 Crores. The shares are offered at a price band of ₹140 to ₹148 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Bidding & Quota Instructions:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 101 shares (approx. ₹14,948 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment Reconciliation Schedule:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-09-27, while un-allotted funds or UPI block mandates will be released on 2026-09-26.
Frequently Asked Questions
What is the issue size and price band for Varmora Granito Limited IPO?
The Varmora Granito Limited IPO aggregate issue size is ₹4,78,38,855 Crores with an equity price band set at ₹140 to ₹148 per equity share. The retail lot size is 101 shares requiring a minimum capital outlay of approx. ₹14,948.
How can I check Varmora Granito Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Varmora Granito Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-09-25.