TechTrade Desk
Varmora Granito IPO 2026: Price Band, Dates, Lot Size and How to Apply
Varmora Granito Limited, a Gujarat-based manufacturer of tiles and bathware, is set to launch its Initial Public Offering (IPO) on September 22, 2026. The three-day issue will remain open until September 24, 2026, with a price band of ₹140 to ₹148 per equity share.
Varmora Granito IPO: Key Details
22 September 2026
24 September 2026
Price Band
₹140 – ₹148
101 Shares
Issue Size
₹708.02 Crore
₹14,948
Varmora Granito IPO Details
| Particular | Details |
|---|---|
| Company | Varmora Granito Limited |
| IPO Type | Book Built Issue |
| Issue Type | Fresh Issue + Offer for Sale |
| IPO Size | ₹708.02 Crore |
| Fresh Issue | ₹320 Crore |
| Offer for Sale | Approximately ₹388.02 Crore |
| Price Band | ₹140 – ₹148 per share |
| Face Value | ₹2 per share |
| Lot Size | 101 Shares |
| Minimum Application | ₹14,948 at the upper price band |
| IPO Opens | 22 September 2026 |
| IPO Closes | 24 September 2026 |
| Proposed Listing | NSE and BSE |
What Does Varmora Granito Do?
The company operates manufacturing facilities and sells its products through retail and business channels. Its product portfolio includes ceramic and vitrified tiles along with other products associated with the home-building and interior segment.
According to company information and market reports, Varmora has a significant retail distribution network and also serves customers through business relationships with architects, builders, contractors and other institutional customers.
How Is the Varmora IPO Structured?
The IPO consists of both a fresh issue of shares and an Offer for Sale (OFS).
The fresh issue is valued at approximately ₹320 crore. The OFS component is approximately ₹388.02 crore, taking the overall issue size to approximately ₹708.02 crore.
In an Offer for Sale, existing shareholders sell shares to investors. The proceeds from the OFS portion generally go to the selling shareholder rather than being received by the company.
Where Will the IPO Money Be Used?
The IPO documents indicate that approximately ₹245 crore is proposed to be used toward repayment or pre-payment of specified outstanding borrowings and accrued interest.
The remaining funds from the fresh issue are intended for general corporate purposes, subject to the terms and conditions contained in the offer documents.
Varmora Granito Financial Performance
| Financial Metric | FY 2024-25 | FY 2025-26 |
|---|---|---|
| Revenue from Operations | ₹1,312.82 Crore | ₹1,361.60 Crore |
| Total Income | ₹1,363.91 Crore | ₹1,415.49 Crore |
| Profit After Tax | ₹28.80 Crore | ₹58.41 Crore |
Retail and B2B Business
The B2B business includes relationships involving architects, builders, contractors and government agencies.
Varmora Granito IPO Timeline
Anchor investor bidding is scheduled to take place.
Public subscription for the Varmora Granito IPO opens.
Public subscription closes.
Basis of allotment is expected to be finalised.
Refund initiation and credit of shares are scheduled.
Proposed listing date on NSE and BSE.
What Is the Minimum Investment?
Investors can bid for a minimum of 101 shares and thereafter in multiples of 101 shares.
Minimum application at the upper price band
101 shares × ₹148 = ₹14,948
The actual amount blocked for an IPO application depends on the bid price selected and the applicable IPO application process.
Don’t Have a Demat Account?
How to Apply for the Varmora Granito IPO
Investors with a TechTrade account can use the broker’s IPO facility when the issue is open for subscription.
Open a Demat Account in About 5 Minutes
TechTrade provides an online account-opening facility for investors. The digital process allows customers to begin their account-opening journey online, subject to completion of applicable KYC and verification requirements.
Apply for the Varmora Granito IPO Through TechTrade
The Varmora Granito IPO is scheduled to open on September 22, 2026. Investors with an eligible TechTrade account can use the IPO application facility during the subscription period.
What Investors Should Check Before Applying
IPO investments involve market risk. Before applying, investors may review the company’s Red Herring Prospectus and consider factors such as:
- The IPO price band and implied valuation
- Historical revenue and profitability
- Company’s debt and repayment plans
- Raw-material and energy costs
- Demand in the tiles and building-material industry
- Competition from other tile manufacturers
- Retail and B2B distribution performance
- Risks disclosed in the RHP
- Overall market conditions
- Personal financial objectives and risk tolerance
Risks and Factors to Consider
Investors should also review the specific risk factors disclosed by Varmora Granito in its RHP before making an investment decision.
Varmora Granito and the Tiles Industry
Market reports identify companies such as Kajaria Ceramics, Somany Ceramics, Asian Granito India and Orient Bell among listed companies operating in related segments.
Investors may therefore compare the company’s financial performance, valuation, business model and risk factors with relevant listed peers before making their own assessment.
Read the Varmora Granito RHP Before Applying
The Red Herring Prospectus dated September 16, 2026 contains detailed information regarding the company, IPO structure, financial statements, risk factors, objects of the issue and other disclosures.
Investors should refer to the latest official RHP rather than relying solely on news reports or unofficial IPO information.
Interested in Applying?
TechTrade News: What the IPO Means
The fresh issue includes funds earmarked partly for repayment or pre-payment of outstanding borrowings. The company has also reported higher profit in FY2025-26 compared with FY2024-25.
At the same time, investors need to consider the company’s competitive environment, industry conditions, debt profile, valuation and the risks disclosed in the RHP.
TechTrade News presents these details for informational purposes. Whether to apply for the IPO is an individual investment decision and should be based on the investor’s own research and circumstances.
Varmora Granito IPO Opens September 22
Risk & Investor Disclaimer
Investments in securities markets are subject to market risks. IPO applications are subject to applicable rules, eligibility, allotment and market conditions.
Investors should carefully read the latest Red Herring Prospectus, including the section on Risk Factors, before making an investment decision. Investors should independently assess whether the investment is suitable for their financial circumstances and risk tolerance.
Information in this article is based on publicly available information and may change as additional official disclosures become available.
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Registration details (footer):
Sanchit Financial & Management Services Limited
SEBI No. – INZ000295835 | NSDL DP ID – IN303253
Corporate Member: NSE – 08039 | BSE – 6929 | MCX – 57415