Varmora Granito IPO Day 1: Subscription Opens Today, 22 September 2026

Varmora Granito Limited, incorporated in 2003, has opened its IPO for subscription today, 22 September 2026. The Varmora Granito IPO is a mainboard, book built issue worth about Rs 708.02 crore, comprising a fresh issue of about 2.16 crore shares worth Rs 320 crore and an offer for sale of about 2.62 crore shares worth Rs 388.02 crore by selling shareholder Katsura Investments, and will remain open for bidding until 24 September 2026. The equity shares are proposed to be listed on both NSE and BSE.

The company manufactures and markets Glazed Vitrified Tiles, Polished Vitrified Tiles and ceramic tiles, alongside sanitaryware, faucets, bath fittings and tile adhesives, distributed through a pan-India network focused on exclusive brand outlets. Its wholly owned subsidiaries Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited support this diversified building materials portfolio. The fresh issue proceeds of the Varmora Granito IPO are earmarked mainly for repaying borrowings of the company and its subsidiaries, including Simola Tiles LLP, alongside general corporate purposes.

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Varmora Granito IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

Open Date	22 September 2026
Close Date	24 September 2026
Face Value	Rs 2 per share
Price Band	Rs 140 to Rs 148 per share
Lot Size	101 shares
Issue Size	Rs 708.02 crore
Issue Type	Book Built Issue
Listing At	NSE and BSE
Allotment Date	25 September 2026
Listing Date	29 September 2026

Varmora Granito IPO Quick Facts

Particulars	Snapshot
Minimum retail investment	Rs 14,948 (1 lot, 101 shares)
Maximum retail application	Rs 1,94,324 (13 lots, 1,313 shares)
Registrar	KFin Technologies Ltd
Lead Managers	JM Financial Ltd, Goldman Sachs (India) Securities Pvt Ltd, SBI Capital Markets Ltd

This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.

Varmora Granito IPO Share Reservation

The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and not less than 35 percent for retail individual investors. Retail bidders can apply for a minimum of 1 lot, or 101 shares, and up to 13 lots, or 1,313 shares.

Varmora Granito IPO Subscription Status Day 1

Bidding for the issue has opened today, 22 September 2026, so the category wise numbers below will fill in as the session progresses. QIB and larger HNI bids typically build closer to the final day of a book built mainboard issue.

Investor Category	Subscription Status, Day 1 (22 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Varmora Granito IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. Select the issue on your broker app or net banking platform and enter your bid quantity and price within the Rs 140 to Rs 148 band, in multiples of 101 shares.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, and remember the issue closes on 24 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.

About Varmora Granito Limited

Varmora Granito Limited, incorporated in 2003, manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles and Polished Vitrified Tiles, alongside sanitaryware, faucets, bath fittings and tile adhesives, distributed through a pan-India exclusive brand outlet network. The company reported an FY26 return on equity of 6.80 percent and an EBITDA margin of 14.18 percent, ahead of the issue.

Conclusion

The issue has opened for bidding today, 22 September 2026, backed by an established, diversified position in India's tile and building materials market. Investors considering the issue should study the company financials, valuation and risk factors in the RHP on nseindia.com and bseindia.com, and apply only after independent due diligence.

FAQs

What is the Varmora Granito IPO subscription status on Day 1?

Ans. The issue opened for bidding today, 22 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on NSE and BSE as the day progresses.

When does the Varmora Granito IPO open and close?

Ans. The issue opened for subscription today, 22 September 2026, and will close on 24 September 2026, a standard three day bidding window for a mainboard issue.

What is the Varmora Granito IPO price band and lot size?

Ans. The issue price band is Rs 140 to Rs 148 per share, with a lot size of 101 shares, taking the minimum retail investment to about Rs 14,948 at the upper price band, and up to 13 lots, or 1,313 shares, worth about Rs 1,94,324.

What is the issue size and structure of the Varmora Granito IPO?

Ans. The issue is worth about Rs 708.02 crore, comprising a fresh issue of about 2.16 crore shares worth Rs 320 crore and an offer for sale of about 2.62 crore shares worth Rs 388.02 crore by selling shareholder Katsura Investments.

How are shares reserved across investor categories in the Varmora Granito IPO?

Ans. The issue reserves not more than 50 percent of the offer for qualified institutional buyers, not less than 15 percent for non-institutional investors, and not less than 35 percent for retail individual investors.

What is the Varmora Granito IPO GMP?

Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision, especially this early in the bidding window.

How do I apply for the Varmora Granito IPO?

Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method. Select the IPO, enter your bid quantity in multiples of 101 shares and your price within the Rs 140 to Rs 148 band, then approve the UPI mandate before the daily cut off.

When will the Varmora Granito IPO be allotted and listed?

Ans. The issue allotment is expected to be finalised on 25 September 2026, and the shares are tentatively scheduled to list on both NSE and BSE on 29 September 2026.

What does Varmora Granito Limited do?

Ans. Varmora Granito Limited manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles and Polished Vitrified Tiles, alongside sanitaryware, faucets, bath fittings and tile adhesives, distributed pan-India.

Who are the registrar and lead managers for the Varmora Granito IPO?

Ans. KFin Technologies Ltd is the registrar for the issue, while JM Financial Ltd, Goldman Sachs (India) Securities Pvt Ltd and SBI Capital Markets Ltd are the book running lead managers for the issue.