Varmora Granito IPO Details
Varmora Granito IPO Market Lot
The Varmora Granito IPO minimum market lot is 101 shares with ā¹14,948 application amount. The retail investors can apply up-to 13 lots with 1313 shares of ā¹1,94,324Ā amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 101 | ā¹14,948 |
| Retail Maximum | 13 | 1313 | ā¹1,94,324 |
| S-HNI Minimum | 14 | 1414 | ā¹2,09,272 |
| S-HNI Maximum | 66 | 6666 | ā¹9,86,568 |
| B-HNI Minimum | 67 | 6767 | ā¹10,01,516 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Varmora Granito IPO Anchor Investors
| Anchor Bidding Date | September 21, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Varmora Granito IPO Dates
The Varmora Granito IPO date is September 22 and the close date is September 24. The Varmora Granito IPO allotment will be finalized on September 25 and the IPO listing on September 29.
| IPO Open Date: | September 22, 2026 |
| IPO Close Date: | September 24, 2026 |
| Basis of Allotment: | September 25, 2026 |
| Refunds: | September 28, 2026 |
| Credit to Demat Account: | September 28, 2026 |
| IPO Listing Date: | September 29, 2026 |
Promoters and Holding Pattern
The promoters of the company are Bhavesh Vallabhdas Varmora, Hiren R Varmora and Pramodkumar Parsotambhai Patel.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 106,311,980 | 52.01% | 53,876,712 | 23.84% |
| Others* | 98,078,223 | 47.99% | 172,135,112 | 76.16% |
| Total | 204,390,203 | 100% | 226,011,824 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by: The company and wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries; and | ā¹245.00 |
| General corporate purposes | ā¹- |
About Varmora Granito
To be updated soon
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹1,472.58 | ā¹1,412.92 | ā¹44.94 | ā¹1,476.16 |
| 2025 | ā¹1,492.68 | ā¹1,456.28 | ā¹30.77 | ā¹1,589.80 |
| 2026 | ā¹1,562.53 | ā¹1,486.36 | ā¹55.09 | ā¹1,509.87 |
Company Valuation – FY2026
Check Varmora Granito IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 6.80% |
| ROCE: | 9.89% |
| EBITDA Margin: | 14.18% |
| PAT Margin: | 3.53% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ā¹3.08 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 7.79% |
| Net Asset Value (NAV): | ā¹39.52 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kajaria Ceramics Limited | 30.48 | 40.27 | 15.89% | 191.11 | 4,830.36 Cr. |
| Somany Ceramics Limited | 19.80 | 28.55 | 8.79% | 202.11 | 2,789.84 Cr. |
| Asian Granito India Limited | 0.70 | 72.00 | 1.23% | 51.36 | 1,858.06 Cr. |
| Orient Bell Limited | 8.46 | 47.67 | 3.78% | 222.78 | 691.45 Cr. |
IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.
- Goldman Sachs (India) Securities Pvt.Ltd.
- SBI Capital Markets Ltd.
Company Address
Varmora Granito Ltd.
8-A, National Highway,
Dhuva,
Taluka Wankaner
Rajkot, Gujarat, 380054
Phone: 9909913657
Email: [email protected]
Website: https://www.varmora.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: [email protected]
Website: https://ipostatus.kfintech.com/
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Note: The Varmora Granito IPO price band and date are officially announced. The (Varmora Granito IPO grey market premium) will be added to the IPO GMP page as it will start).