Varmora Granito IPO Listing 

Details About Varmora Granito  IPO 

Varmora Granito received SEBI approval for an IPO of ₹708.02 crores, comprising a fresh issue of ₹320 crores and an offer for sale of up to 2,62,17,634 equity shares with a face value of ₹2 each. Varmora Granito IPO price band is ₹140 to ₹148 per share.  

Retail Individual Investors (RII):   

• Minimum application: 1 lot = 101 shares 
• Maximum application: 13 lots = 1313 shares  

Small High Net-worth Individuals (S-HNI):   

• Minimum application: 14 lots = 1414 shares 
• Maximum application: 66 lots = 6666 shares 

Big High Net-worth Individuals (B-HNI): 

• B-HNI Minimum: 67 lots= 6767 shares  

To invest in the Varmora Granito IPO, each investor category has specific investment amounts: 

• Retail Investors: Minimum investment of ₹14,948. 
• Retail investors’ (Max) investment: ₹1,94,324. 
• Small HNI (S-HNI): Minimum investment of ₹2,09,272. 
• Small HNI (S-HNI): Maximum investment of ₹9,86,568. 
• B-HNI: Minimum investment of ₹10,01,516. 

Varmora Granito subscription duration 

Varmora Granito IPO started on September 22, 2026, and closed on September 24, 2026. The investors’ allotment date was September 25, 2026, and they received a refund on September 28, 2026. The Varmora Granito IPO listing date is September 29, 2026. 

Object to the Issue 

• 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 by the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries.
• General Corporate Purposes

About Varmora Granito Company 

Incorporated in 2003, Varmora Granito is one of the leading manufacturers of ceramic and vitrified tiles. Its product range includes a diverse range of tiles across various formats such as glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles. 

In the B2C network, the firm sells its products through 286 exclusive brand outlets (EBOs) and over 2,000 multi-brand outlets (MBOs), while in B2B, the firm directly sells its products to Builders, contractors, developers, and government procurement.  The firm operates its business through a multi-channel network that consists of B2C and B2B models. Its product portfolio consists of over 3500 products.