Varmora Granito Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Varmora Granito Ltd IPO

We offer a diverse range of products comprising tiles, including glazed vitrified tiles (GVT), polished vitrified tiles (PVT) and ceramic tiles. We have consistently leveraged technology to pioneer design and quality advancements in the industry. For instance, we have commercialized integrated stone technology (IST) in 2024, with a technology partnership with SACMI Imola S.C. (SACMI), an Italian tile equipment provider.

Varmora Granito Ltd IPO Details

Total Shares Offered

₹ 4,78,39,255

Offer to Public

2,62,17,634

Retail Max (Shares)

₹ 1,67,43,739

Pre Issue Promoters Holding

₹ 10,63,11,980

Exchange

BSE

Issue size

₹ 708.02 Cr

IPO Open Date

Sep 22, 2026

Close Date

Sep 24, 2026

Lot Size

101

Min Investment

₹ 14,140

Issue Type

Book Building

Listing Date

Sep 29, 2026

Varmora Granito Ltd IPO Dates

Sep 22, 2026

Opening date

Sep 24, 2026

Closing date

Sep 25, 2026

Basis of Allotment

Sep 28, 2026

Initiation of Refunds

Sep 28, 2026

Credit of Shares

Sep 29, 2026

Listing date

Details

Sector	Type
Sector	Ceramics - Tiles
Sub Sector	Sanitaryware
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	23919628
NII	0x	7175888
Retail	0x	16743739
Employee	0x	0
Total	0x	47839255

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

23919628

7175888

16743739

47839255

Varmora Granito Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,446.03	1,435.48	1,334.95
EBITDA	245.86	143.31	142.33
PAT	28.83	42.35	46.62
Total Assets	778.87	638.55	769.86
Share Capital	40.33	39.97	30.90
Total Borrowings	450.95	388.41	196.35
Operating Activities (Net Cash)	130.22	85.10	82.10
Investing Activities (Net Cash)	90.86	98.61	74.47
Financing Activities (Net Cash)	450.95	388.41	196.35
Net Cashflow	111.98	94.73	229.88

About Varmora Granito Ltd

Our Company was originally incorporated as Varmora Granito Private Limited under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated November 18, 2003, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of our Company was subsequently changed to Varmora Granito Limited, upon conversion of our Company from a private limited to a public limited company, pursuant to a board resolution dated April 25, 2025, and a shareholders' resolution dated April 30, 2025. A fresh certificate of incorporation was issued on May 14, 2025, by the Registrar of Companies, Gujarat at Ahmedabad.

Peer Comparison:

Varmora Granito Limited
Kajaria Ceramics Limited
Somany Ceramics Limited
Asian Granito India Limited
Orient Bell Limited

Varmora Granito Ltd Key Points

Strengths

Established player operating in the tile industry in India in a large attractive market.

Comprehensive premium product portfolio.

Customer centric innovation led approach resulting in multiple new product launches.

Well diversified pan-India distribution network focused on EBOs that strengthen our brand recall.

Strategically located and technologically advanced in-house manufacturing to maintain control over quality and supply chain.

Risk

We are dependent on our manufacturing facilities for a significant portion of our revenues (81.72% of our total revenue from operations in Fiscal 2026). Further, certain of our products are produced at dedicated manufacturing facilities. Any delay in production at, or shutdown of, or any interruption in these manufacturing facilities may significantly and adversely affect our business, financial condition, cash flows and results of operations.

We derive a substantial portion of our revenue from the sale of glazed vitrified tiles (GVT) and technical products (73.98% of our total revenue from operations in Fiscal 2026), and any slowdown in the demand for GVT and technical products could have a material adverse effect on our business, financial condition, cash flows and results of operations.

All the company's revenue is attributable to manufacturing facilities (owned and operated by the Company or Subsidiaries, or third-party contract manufacturers) situated in Morbi, Gujarat, India. Any disruption in the Morbi region, may significantly and adversely affect its business, financial condition, cash flows and results of operations.

Strategy

Expanding reach in high growth emerging markets while consolidating leadership in our core markets.

Strategic acquisition and expansion into East and Northeast regions of India.

Expansion of distribution network with focus on EBOs.

Accelerate our investment in brand-building.

Continued focus on technology-driven product innovation and premiumization.

How To Apply for Varmora Granito Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Varmora Granito Ltd IPO?

Varmora Granito Ltd's IPO offers shares for up to 320 It begins on Sep 22, 2026 and ends on Sep 24, 2026.

What is the price of the Varmora Granito Ltd IPO?

The price of Varmora Granito Ltd IPO ranges between ₹140 to ₹148 per share.

What are the open and close dates for the Varmora Granito Ltd IPO?

The Varmora Granito Ltd IPO opens on Sep 22, 2026 and closes on Sep 24, 2026.

When will the Varmora Granito Ltd IPO be allotted?

The allotment for the Varmora Granito Ltd IPO will be finalised on Sep 25, 2026. The shares will be listed on BSE and NSE on Sep 29, 2026.

What is the minimum lot size required for Varmora Granito Ltd IPO?

The minimum lot size for Varmora Granito Ltd IPO is 101 shares, priced between ₹140 to ₹148 per share.

What is the GMP of Varmora Granito Ltd IPO?

The GMP (Grey Market Premium) of Varmora Granito Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Varmora Granito Ltd IPO?

To check the allotment status of Varmora Granito Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Varmora Granito Ltd IPO getting listed?

The Varmora Granito Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 22, 2026, and closes on Sep 24, 2026. The allotment is finalised on Sep 25, 2026.

How do you apply for the Varmora Granito Ltd IPO?

To apply for the Varmora Granito Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.