Varmora Granito IPO

The Varmora Granito IPO is a book-built issue of Rs 1,096.04 crore, comprising a fresh issue of 2.16 crore shares worth Rs 320 crore and an offer for sale of 5.24 crore shares worth Rs 776.04 crore, opening for subscription from Sep 22 to Sep 24, 2026, with allotment expected on Sep 25, 2026 and a tentative listing on NSE and BSE on Sep 29, 2026. The IPO’s price band is Rs 140 to Rs 148 per share, with a lot size of 101 shares, requiring a minimum retail investment of Rs 14,948. JM Financial Ltd. is the lead manager, and Kfin Technologies Ltd. is the registrar for the issue.

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Varmora Granito IPO Details

Check out the issue details for Varmora Granito IPO as disclosed in SEBI.

Price Band

₹ 140 - 148

Issue Size

1,096.00 Cr.

Issue Type

Book Built

Open

2026-09-22

Close

2026-09-24

Company Financials

You can get the following financial statements of Varmora Granito as of now.

Varmora Granito IPO Details

The details about the Varmora Granito IPO are as follows:

  • The issue size of the IPO is Rs 1,096.04 Cr.
  • The price band for Varmora Granito IPO is Rs 140 to Rs 148.
  • The shares of Varmora Granito IPO will list on BSE and NSE.
  • The latest tentative GMP of Varmora Granito IPO is Rs .
  • The shares of Varmora Granito IPO are subscribed _ Times.

 

Varmora Granito IPO Valuation

The approximate valuation of Varmora Granito IPO based on its price band and RHP is:

Particulars Value
Upper Price Band Rs 148
Existing Shares (Qty) 20.43 Cr
Fresh Issue Rs 320.00 Cr
Market Cap Rs 3343.64 Cr
EPS (FY25) Rs 3.08
PE Ratio 48.05x
Industry PE 47.12x

 

Varmora Granito IPO Issue Size

Varmora Granito IPO issue size is Rs 1,096.04 Cr.

Issue Amount
Fresh Issue Rs 320.00 Cr
Offer For Sale Rs 776.04 Cr

 

Varmora Granito IPO Market Lot

An individual can apply for a minimum of 1 lot of 101 shares and a maximum of 13 lots (1,313 shares). Find the details below:

Application Lot Shares Amount
Retail Minimum 1 101 Rs 14,948
Retail Maximum 13 1,313 Rs 1,94,324

 

Varmora Granito IPO Share Offer

The shares of Varmora Granito IPO are subscribed _ Times. The category-wise shares offered are as follows:

Category % Offered
Qualified Institutional Not more than 50%
Non-Institutional Not less than 15%
Retail Individual Not less than 35%

 

Varmora Granito IPO GMP (Grey Market Premium)

As on GMP (Tentative)
Sep 22, 2026 Rs

Varmora Granito IPO GMP is purely for informational purposes. Invest in an IPO after thoroughly researching on your own.

Varmora Granito IPO Dates

Find below the dates for Varmora Granito IPO

Schedule Date
Basis of Allotment 25 Sep 2026
Refunds 28 Sep 2026
Credit to Demat Account 28 Sep 2026
IPO Listing Date 29 Sep 2026

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Net Sales 872.74 1213.97 1284 1312.82 1361.6
Total Expenditure 810.23 1137.91 1202.8 1184.67 1213.82
Operating Profit 62.51 76.06 81.19 128.15 147.78
Other Income 6.44 64.84 38.73 51.09 53.89
Interest 4.47 34.05 19.37 34.77 32.58
Depreciation 9.26 35.48 42.75 101.39 87.98
Exceptional Items 0 0 0 0 -0.72
Profit Before Tax 55.21 71.37 57.8 43.08 80.38
Provision for Tax 14.12 24.75 15.45 14.25 21.97
Net Profit 41.09 46.62 42.35 28.83 58.41
Adjusted EPS (Rs.) 0.27 0.23 0.21 0.14 0.29

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity and Liabilities
Share Capital 26.99 30.9 57.54 40.33 40.33
Total Reserves 154.9 614.83 633.92 688.98 759.22
Borrowings 15.21 36.31 203.03 176.36 138.57
Other N/C liabilities 0.85 9.85 56.74 48.65 34.24
Current liabilities 257.1 365.97 365.57 469.4 393.42
Total Liabilities 455.05 1057.87 1316.8 1423.72 1365.77
Assets
Net Block 58.93 200.83 587.53 544.63 474.26
Capital WIP 1.15 2.78 2.38 10.19 26.21
Intangible WIP 0 0 0 0 0
Investments 72.81 86.33 100.99 101.05 114.72
Loans & Advances 2.56 5.16 5.17 3.03 11.57
Other N/C Assets 0 2.16 3.94 1.14 3.28
Current Assets 319.59 760.61 616.79 763.68 735.73
Total Assets 455.05 1057.87 1316.8 1423.72 1365.77
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Profit from operations 55.21 71.37 57.8 43.08 80.38
Adjustment 14.85 59.61 52.22 101.56 94.64
Changes in Assets & Liabilities -48.51 -111.01 -25.08 -87.25 44.94
Tax Paid -11.76 -24.83 -18.56 -11.92 -14.33
Operating Cash Flow 10.08 -4.86 66.38 45.47 205.63
Investing Cash Flow -8.06 -107 -338.31 -103.97 -44.86
Financing Cash Flow 7.05 307.74 138.39 48.43 -160.68
Net Cash Flow 9.07 195.88 -133.55 -10.07 0.09
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