{"id":18822,"date":"2026-09-22T03:16:52","date_gmt":"2026-09-22T09:46:52","guid":{"rendered":"https:\/\/shoonya.com\/blog\/?p=18822"},"modified":"2026-09-22T03:16:53","modified_gmt":"2026-09-22T09:46:53","slug":"varmora-granito-limited-ipo","status":"publish","type":"post","link":"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/","title":{"rendered":"Varmora Granito Limited IPO | Key Dates, Price Band, and Lot Size"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\"><\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_Limited_IPO_Details\" >Varmora Granito Limited | IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_Limited_Company_Overview\" >Varmora Granito Limited | Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_Limited_Key_Dates\" >Varmora Granito Limited | Key Dates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_IPO_Lot_Size_Investment\" >Varmora Granito IPO | Lot Size &amp; Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Investor_Category_Reservations\" >Investor Category Reservations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_Limited_Financial_Overview\" >Varmora Granito Limited | Financial Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/#Varmora_Granito_Limited_IPO_FAQs\" >Varmora Granito Limited IPO | FAQs<\/a><\/li><\/ul><\/nav><\/div>\n<nav style=\"--separator: &quot;\/&quot;\" class=\"wp-block-breadcrumbs\" aria-label=\"Breadcrumbs\"><ol><li><a href=\"https:\/\/shoonya.com\/blog\/\">Home<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/\">Investing<\/a><\/li><li><a href=\"https:\/\/shoonya.com\/blog\/investing\/ipo\/\">IPO<\/a><\/li><li><span aria-current=\"page\">Varmora Granito Limited IPO | Key Dates, Price Band, and Lot Size<\/span><\/li><\/ol><\/nav>\n\n\n<meta charset=\"UTF-8\">\n<meta 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h1,\nh1.entry-title{color:#000!important;}\n<\/style>\n\n<div class=\"body\">\n  <p>Varmora Granito Limited is launching a \u20b9708.02 crore IPO, opening for subscription on September 22, 2026. The IPO will close on September 24, 2026. The shares will be listed on NSE and BSE, with a tentative listing date of September 29, 2026.<\/p>\n  <p>The price band is set at \u20b9140 \u2013 \u20b9148 per share, and the minimum lot size is 101 shares. For retail investors, the minimum investment is \u20b914,948 (101 shares) at the upper band. In comparison, sNII investors must apply for 1,414 shares (\u20b92,09,272), while bNII investors must apply for 6,767 shares (\u20b910,01,516).<\/p>\n  <p>The Varmora Granito IPO includes a fresh issue of 2,16,21,621 shares worth \u20b9320 crore and an offer for sale (OFS) of 2,62,17,634 shares worth \u20b9388.02 crore.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_Limited_IPO_Details\"><\/span>Varmora Granito Limited | IPO Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>Information<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>IPO Opening Date<\/td><td>September 22, 2026<\/td><\/tr>\n        <tr><td>IPO Closing Date<\/td><td>September 24, 2026<\/td><\/tr>\n        <tr><td>Tentative IPO Listing Date<\/td><td>September 29, 2026<\/td><\/tr>\n        <tr><td>Face Value<\/td><td>\u20b92 per share<\/td><\/tr>\n        <tr><td>Price Band<\/td><td><span class=\"num\">\u20b9140 \u2013 \u20b9148<\/span> per share<\/td><\/tr>\n        <tr><td>Lot Size<\/td><td>101 shares<\/td><\/tr>\n        <tr><td>Total Issue Size<\/td><td>4,78,39,255 shares (\u20b9708 Cr)<\/td><\/tr>\n        <tr><td>Fresh Issue<\/td><td>2,16,21,621 shares (\u20b9320 Cr)<\/td><\/tr>\n        <tr><td>Offer for Sale (OFS)<\/td><td>2,62,17,634 shares (\u20b9388 Cr)<\/td><\/tr>\n        <tr><td>IPO Segment<\/td><td>Main Board \u2013 Book Building<\/td><\/tr>\n        <tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr>\n        <tr><td>Shareholding Pre-Issue<\/td><td>20,43,90,203 shares<\/td><\/tr>\n        <tr><td>Shareholding Post-Issue<\/td><td>22,60,11,824 shares<\/td><\/tr>\n        <tr class=\"total\"><td>Market Cap (At Upper Price)<\/td><td><span class=\"num\">\u20b93,344.97 Cr<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_Limited_Company_Overview\"><\/span>Varmora Granito Limited | Company Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Varmora Granito Limited manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT), and ceramic tiles. The company focuses on premium, technology-driven products, with GVT and technical tiles accounting for approximately 84% of its tile revenue in Fiscal 2026.<\/p>\n  <p>The company operates eight manufacturing facilities in the Morbi cluster of Gujarat, with 81.72% of its Fiscal 2026 revenue generated from in-house manufactured products. Its distribution network spans 305 exclusive brand outlets and 2,758 multi-brand outlets across India and overseas, complemented by B2B sales to builders, contractors, developers, and government entities. The company also has 16.22 MW of renewable energy capacity from wind and solar.<\/p>\n  <p>As of March 2026, Varmora Granito had 1,153 permanent employees.<\/p>\n\n  <div class=\"cta-band\">\n    <div class=\"cta-band-text\">\n      <h4>Considering the Varmora Granito IPO?<\/h4>\n      <p>Subscription open September 22\u201324, 2026 \u00b7 Price band \u20b9140\u2013\u20b9148 \u00b7 Min. investment \u20b914,948<\/p>\n    <\/div>\n    <a class=\"cta-btn\" href=\"https:\/\/apptrove.shoonya.com\/d\/ipos\" target=\"_blank\" rel=\"noopener\">Explore the IPO <\/a>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_Limited_Key_Dates\"><\/span>Varmora Granito Limited | Key Dates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <ul class=\"doc\">\n    <li><strong>IPO Opening Date:<\/strong> September 22, 2026<\/li>\n    <li><strong>IPO Closing Date:<\/strong> September 24, 2026<\/li>\n    <li><strong>Allotment Date:<\/strong> September 25, 2026<\/li>\n    <li><strong>Refunds Initiated:<\/strong> September 28, 2026<\/li>\n    <li><strong>Shares Credited to Demat:<\/strong> September 28, 2026<\/li>\n    <li><strong>Listing Date:<\/strong> September 29, 2026<\/li>\n    <li><strong>Cut-off Time for UPI Mandate Confirmation:<\/strong> Typically 5 PM on the IPO closing date (September 24, 2026)<\/li>\n  <\/ul>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_IPO_Lot_Size_Investment\"><\/span>Varmora Granito IPO | Lot Size &amp; Investment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Investors can bid for a minimum of 101 shares and in multiples thereof.<\/p>\n  <div class=\"tbl-title\">Application-wise Lot Size<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Application<\/th>\n          <th>Lots<\/th>\n          <th>Shares<\/th>\n          <th>Amount<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Retail (Min)<\/td><td>1<\/td><td>101<\/td><td><span class=\"num\">\u20b914,948<\/span><\/td><\/tr>\n        <tr><td>Retail (Max)<\/td><td>13<\/td><td>1,313<\/td><td><span class=\"num\">\u20b91,94,324<\/span><\/td><\/tr>\n        <tr><td>S-HNI (Min)<\/td><td>14<\/td><td>1,414<\/td><td><span class=\"num\">\u20b92,09,272<\/span><\/td><\/tr>\n        <tr><td>S-HNI (Max)<\/td><td>66<\/td><td>6,666<\/td><td><span class=\"num\">\u20b99,86,568<\/span><\/td><\/tr>\n        <tr><td>B-HNI (Min)<\/td><td>67<\/td><td>6,767<\/td><td><span class=\"num\">\u20b910,01,516<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <h2><span class=\"ez-toc-section\" id=\"Investor_Category_Reservations\"><\/span>Investor Category Reservations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Category<\/th>\n          <th>Limit<\/th>\n          <th>Cut-off<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>RII<\/td><td>Up to \u20b92 Lakhs<\/td><td>Yes<\/td><\/tr>\n        <tr><td>sNII<\/td><td>\u20b92 Lakhs \u2013 \u20b910 Lakhs<\/td><td>No<\/td><\/tr>\n        <tr><td>bNII<\/td><td>Above \u20b910 Lakhs<\/td><td>No<\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p>Shares are reserved as follows: not more than 50% of the Offer for QIBs, not less than 35% for Retail investors, and not less than 15% for NII investors.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_Limited_Financial_Overview\"><\/span>Varmora Granito Limited | Financial Overview<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <p>Varmora Granito Limited&#8217;s revenue increased by 5% and profit after tax (PAT) rose by 79% between the financial years ending March 31, 2026 and March 31, 2025, reflecting strong margin recovery.<\/p>\n  <p>Here&#8217;s a snapshot of its year-on-year financial performance:<\/p>\n  <div class=\"tbl-title\">Financial Performance (\u20b9 Crore)<\/div>\n  <div class=\"tbl-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Detail<\/th>\n          <th>31-Mar-26<\/th>\n          <th>31-Mar-25<\/th>\n          <th>Change<\/th>\n          <th>Change %<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr><td>Assets<\/td><td>1,509.87<\/td><td>1,589.80<\/td><td>-79.93<\/td><td><span class=\"badge b-negative\">-5.03%<\/span><\/td><\/tr>\n        <tr><td>Total Income<\/td><td>1,562.53<\/td><td>1,492.68<\/td><td>+69.85<\/td><td><span class=\"badge b-positive\">+4.68%<\/span><\/td><\/tr>\n        <tr><td>Profit After Tax<\/td><td>55.09<\/td><td>30.77<\/td><td>+24.32<\/td><td><span class=\"badge b-positive\">+79.04%<\/span><\/td><\/tr>\n        <tr><td>EBITDA<\/td><td>221.56<\/td><td>198.29<\/td><td>+23.27<\/td><td><span class=\"badge b-positive\">+11.74%<\/span><\/td><\/tr>\n        <tr><td>Net Worth<\/td><td>796.88<\/td><td>722.90<\/td><td>+73.98<\/td><td><span class=\"badge b-positive\">+10.23%<\/span><\/td><\/tr>\n        <tr><td>Reserves &amp; Surplus<\/td><td>765.70<\/td><td>691.72<\/td><td>+73.98<\/td><td><span class=\"badge b-positive\">+10.70%<\/span><\/td><\/tr>\n        <tr><td>Total Borrowing<\/td><td>357.95<\/td><td>505.16<\/td><td>-147.21<\/td><td><span class=\"badge b-negative\">-29.14%<\/span><\/td><\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n  <p>Amounts are in \u20b9 Crore.<\/p>\n\n  <h2><span class=\"ez-toc-section\" id=\"Varmora_Granito_Limited_IPO_FAQs\"><\/span>Varmora Granito Limited IPO | FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n  <div class=\"faq\">\n    <details class=\"faq-item\" open=\"\">\n      <summary class=\"faq-q\">When does the Varmora Granito IPO open and close?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The Varmora Granito IPO opens on September 22, 2026, and closes on September 24, 2026.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the price band and lot size for the Varmora Granito IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The price band for the Varmora Granito IPO is \u20b9140 \u2013 \u20b9148 per share, and the minimum lot size is 101 shares. Retail investors must apply for at least 1 lot (101 shares), amounting to \u20b914,948 at the upper band.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">How can I check the allotment status of the Varmora Granito IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">You can check the Varmora Granito IPO allotment status on the registrar&#8217;s website, KFin Technologies Ltd., using your PAN, Application Number, or DP ID, or via the NSE\/BSE issue information pages.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">Who is the registrar for the Varmora Granito IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The registrar for the Varmora Granito IPO is KFin Technologies Ltd.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the refund and Demat credit date for the Varmora Granito IPO?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">Varmora Granito IPO refunds will be initiated on September 28, 2026, and shares will be credited to Demat accounts on the same day.<\/p>\n    <\/details>\n    <details class=\"faq-item\">\n      <summary class=\"faq-q\">What is the face value of Varmora Granito IPO shares?<span class=\"faq-icon\"><\/span><\/summary>\n      <p class=\"faq-a\">The face value of shares under the Varmora Granito IPO is \u20b92 per share.<\/p>\n    <\/details>\n  <\/div>\n\n  <div class=\"disclaimer\">\n    <strong>Disclaimer:<\/strong> This content is for education and awareness purpose only and should not be considered investment advice or a recommendation. Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.\n  <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Varmora Granito Limited is launching a \u20b9708.02 crore IPO, opening for subscription on September 22, 2026. The IPO will close on September 24, 2026. The shares will be listed on NSE and BSE, with a tentative listing date of September 29, 2026. The price band is set at \u20b9140 \u2013 \u20b9148 per share, and the &hellip; <a href=\"https:\/\/shoonya.com\/blog\/varmora-granito-limited-ipo\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Varmora Granito Limited IPO | Key Dates, Price Band, and Lot Size&#8221;<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":18824,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[7],"tags":[10627,10626],"class_list":["post-18822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-varmora-granito-ipo","tag-varmora-granito-limited-ipo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Varmora Granito Limited IPO | Issue Size \u20b9708.02 Cr<\/title>\n<meta name=\"description\" content=\"Varmora Granito IPO opens on September 22, 2026 with a \u20b9708.02 Cr issue. 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