Varmora Granito Limited MAINBOARD IPO Analysis

CERAMIC TILES & SANITARYWARE | BSE, NSE

OPEN: 01-OCT-2026 CLOSE: 05-OCT-2026 LISTING: 09-OCT-2026

Varmora Granito Limited Mainboard IPO worth ₹650.00 Cr is in upcoming pipeline. Listing on BSE, NSE.

Varmora Granito is one of India's leading ceramic tile, vitrified slab, and luxury sanitaryware brands exporting to more than 70 countries worldwide.

₹350 - 370

PRICE BAND

+₹48

LIVE GMP

—

SUBSCRIPTION

₹650.00 Cr

ISSUE SIZE

₹418

EST. LISTING

Grey Market Valuation (GMP)

All GMP Feeds →

RECORDED PREMIUM (04-Nov-2026)

+₹48

▲ 12.97% estimated listing premium over upper price band

Disclaimer: Grey Market Premium (GMP) is an unofficial, unregulated sentiment indicator based on dealer communications. Investment decisions should be based on company offer documents (RHP/DRHP).

Issue Timeline & Key Dates

Bidding Schedule

OPENS

01-Oct-2026

CLOSES

05-Oct-2026

ALLOTMENT

06-Oct-2026

REFUNDS

07-Oct-2026

DEMAT CREDIT

07-Oct-2026

LISTING

09-Oct-2026

* All dates are tentative and subject to final exchange & registrar notifications.

Key Issue Parameters

Listing Exchange	BSE, NSE
Issue Structure	Book Built Issue
Total Issue Size	₹650.00 Cr (16,689,190 Shares)
Fresh Issue	₹500.00 Cr
Offer for Sale (OFS)	₹150.00 Cr
Face Value	₹10 Per Equity Share
Official Registrar	Link Intime India Private Ltd
Lead Managers	SBI Capital Markets, IIFL Securities
Regulatory Filings	View DRHP / RHP

Reservation Quota Breakdown

INVESTOR CATEGORY	SHARES	% OF NET ISSUE	% OF TOTAL
QIB (Institutional)	8,344,595	49.93%	47.43%
• Anchor Portion	5,006,757	—	28.43%
• QIB (Ex-Anchor)	3,337,838	—	19.00%
NII (Non-Institutional / HNI)	2,503,379	15.03%	14.28%
• bNII (> ₹10L)	1,668,919	—	9.52%
• sNII (< ₹10L)	834,460	—	4.76%
Retail Individual (RII)	5,841,216	35.04%	33.28%
Market Maker Quota	878,378	—	5.01%
TOTAL ISSUE	17,567,568	100.00%	100.00%

Lot Size & Capital Allocation

Category	Lots	Shares	Investment Required (₹)
Retail (Min)	1 Lot	40 Shares	₹14,800
Retail (Max)	13 Lots	520 Shares	₹1,92,400
sHNI (Min ₹2L - ₹10L)	14 Lots	560 Shares	₹2,07,200
bHNI (Min > ₹10L)	68 Lots	2,720 Shares	₹10,06,400