Markets / IPO / Varmora Granito

Varmora Granito IPO

Updated 17:41

Mainboard IPO on NSE and BSE · Ceramics

Status

Listed

Price band

₹140–148

Lot size

101 shares · ₹14,948

Subscribed

1.58×

How it listed

Issue price

₹148

Listing price (open)

₹155.00 +4.73%

First-day close

₹152.19 +2.83%

Price now

₹137.65 -6.99%

Listing day	29 Sept 2026
Open / high / low / close	₹155.00 / ₹163.77 / ₹148.10 / ₹152.19
Shares traded on NSE	5,16,33,016
Market value at the listing-day close	₹3,440 cr

Closing prices since listing: 26 Oct ₹123.02, 27 Oct ₹124.28, 28 Oct ₹122.30, 29 Oct ₹122.06, 30 Oct ₹121.17, 2 Nov ₹125.13, 3 Nov ₹123.27, 4 Nov ₹134.08, 5 Nov ₹129.30, 6 Nov ₹132.10.

Varmora Granito share price, live chart and technicals →

Key dates

Bidding opens	22 Sept 2026
Bidding closes	24 Sept 2026
Allotment	25 Sept 2026
Refunds and shares in demat	28 Sept 2026
Listing	29 Sept 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	1,43,51,775	29.74%	–
Institutions (QIB)	93,65,510	19.41%	–
HNI / NII	73,61,217	15.25%	–
HNI, above ₹10 lakh	49,07,478	10.17%	725
HNI, ₹2–10 lakh	24,53,739	5.08%	1,735
Retail	1,71,76,172	35.59%	1,70,061

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	101	₹14,948
Retail (maximum)	13	1,313	₹1,94,324
Small HNI (minimum)	14	1,414	₹2,09,272
Small HNI (maximum)	66	6,666	₹9,86,568
Big HNI (minimum)	67	6,767	₹10,01,516

At ₹148 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Every valid retail application should get shares. The retail portion was subscribed 1.00×.

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	93,65,510	2,96,22,290	3.16×
HNI / NII	73,61,217	67,70,838	0.92×
HNI, above ₹10 lakh	49,07,478	45,18,437	0.92×
HNI, ₹2–10 lakh	24,53,739	22,52,401	0.92×
Retail	1,71,76,172	1,70,92,735	1.00×
Total	3,39,02,899	5,34,85,863	1.58×

NSE and BSE bids together, as of 24 Sept 2026 19:00.

Demand at each price

Top price ₹148	384.55 lakh shares	71.8%
Cut-off final price, whatever it is; mostly retail	146.89 lakh shares	27.4%
Lower prices ₹140–147	3.90 lakh shares	0.7%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	21 Sept 2026
Anchor shares	1,43,51,775
Raised from anchors	₹212.41 cr
Lock-in ends for the first 50% (30 days)	24 Oct 2026
Lock-in ends for the remaining 50% (90 days)	23 Dec 2026 (in 47 days)

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹3,345 cr	₹3,111 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	0.26

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

IPO details

Price band	₹140–148
Final issue price	₹148
Lot size	101 shares
Minimum investment	₹14,948 (1 lot)
Market	NSE mainboard
Issue type	Book Building
Face value	₹2 per Equity Share
Industry	Ceramics
Issue size	₹708.02 crore (about 4.78 crore shares) · Fresh issue + offer for sale: fresh ₹320.00 cr, offer for sale ₹388.02 cr
ISIN	INE0M5301040
Registrar	KFin Technologies Limited Helpline: +91 40 6716 2222, vgl.ipo@kfintech.com
Lead managers	JM Financial Limited, Goldman Sachs (India) Securities Private Limited and SBI Capital Markets Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 25 Sept 2026. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

← All IPOs: open, upcoming and recently listed

From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

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

The price band is ₹140–148 per share, and one lot is 101 shares (₹14,948 at the upper price).

When is the Varmora Granito IPO allotment date?

Allotment was finalised on 25 Sept 2026, the next working day after bidding closed on 24 Sept 2026.

How many times was the Varmora Granito IPO subscribed?

In total 1.58 times, on NSE and BSE together; retail 1.00 times.

What is the Varmora Granito IPO listing date?

It listed on 29 Sept 2026 on NSE and BSE.

What is the chance of getting Varmora Granito IPO shares?

The retail portion was not oversubscribed, so every valid retail application should get shares.

When does the Varmora Granito anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 24 Oct 2026 and the 90-day lock-in on the rest ends on 23 Dec 2026; they can sell from the next trading day.

What was the Varmora Granito listing gain?

It opened at ₹155.00 against an issue price of ₹148, a gain of 4.73%. It is now down 6.99% from the issue price.