Varmora Granito IPO last GMP is ₹0, last updated Septembar 28 2026 02:11 pm. With the upper price band of ₹148, Varmora Granito IPO’s Estimated listing is ₹148 (cap price + today’s GMP). Tha expected percentage gain/loss per share is 0.00%
We update the GMP daily. Based on grey market activity over the last 12 session, the IPO’s GMP is trending upward today, indicating expectations of a strong listing. During this period, the GMP ranged from a low of ₹0 to a high of ₹15 . stay with us for the latest Varmora Granito IPO GMP updates, daily price trends, and expected listing price.
| GMP Date | IPO Price | GMP | EST. Listing Price | EST. Profit* | Last Updated |
|---|---|---|---|---|---|
| 28-09-2026 | ₹148 | ₹0 | ₹148(0.00%) | ₹0 | 14:12 |
| 27-09-2026 | ₹148 | ₹0 | ₹148(0.00%) | ₹0 | 15:36 |
| 26-09-2026 | ₹148 | ₹0 | ₹148(0.00%) | ₹0 | 14:39 |
| 25-09-2026 | ₹148 | ₹0.5 | ₹148.5(0.34%) | ₹50 | 10:09 |
| 24-09-2026 | ₹148 | ₹0.5 | ₹148.5(0.34%) | ₹50 | 15:36 |
| 23-09-2026 | ₹148 | ₹3 | ₹151(2.03%) | ₹303 | 09:12 |
| 22-09-2026 | ₹148 | ₹6 | ₹154(4.05%) | ₹606 | 14:12 |
| 21-09-2026 | ₹148 | ₹9 | ₹157(6.08%) | ₹909 | 09:46 |
| 20-09-2026 | ₹148 | ₹9 | ₹157(6.08%) | ₹909 | 15:32 |
| 19-09-2026 | ₹148 | ₹15 | ₹163(10.14%) | ₹1515 | 14:43 |
| 18-09-2026 | ₹148 | ₹10 | ₹158(6.76%) | ₹1010 | 11:01 |
| 17-09-2026 | ₹148 | ₹10 | ₹158(6.76%) | ₹1010 | 15:34 |
Varmora Granito IPO Dates
The Varmora Granito IPO Open date is September 22 and the close date is September 24. The Varmora Granito IPO allotment will be finalized on September 25 and the IPO listing on September 29.
| IPO Open Date: | 22-09-2026 |
| IPO Close Date: | 24-09-2026 |
| Basis of allotment: | 25-09-2026 |
| Refunds: | 28-09-2026 |
| Credit to Demat Account: | 28-09-2026 |
| IPO Listing Date: | 29-09-2026 |
Company Overview
Varmora Granito Limited is an established Indian building-materials company engaged primarily in the manufacturing and sale of tiles, along with sanitaryware and bathware products. Incorporated in 2003, the company has developed a diversified product portfolio covering Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT), ceramic tiles and other related products. The company has also focused on product innovation and design, including the commercialization of Integrated Stone Technology in 2024.
The company has built a significant manufacturing base, with eight in-house manufacturing facilities operated through the company and its subsidiaries, primarily located in the Morbi cluster of Gujarat. Its in-house manufacturing contribution to revenue increased from 66.83% in Fiscal 2024 to 81.72% in Fiscal 2026. Through its joint venture Allemby Ceramics, manufacturing operations in Tezpur, Assam, also commenced in July 2026 with an installed capacity of approximately 6.40 million square metres of GVT tiles annually.
Varmora has also developed a wide distribution and retail presence across India. As of March 31, 2026, its network included 305 Exclusive Brand Outlets and 3,063 dealers/distributors, with its retail network spread across 988 cities. In Fiscal 2026, B2C sales contributed 66.8% of revenue from operations, while the company also served B2B customers such as builders, contractors, developers and government agencies.
The company’s products have been exported to more than 100 countries, supported by a dedicated export team. Between Fiscal 2023 and Fiscal 2026, Varmora launched 5,338 SKUs across tiles and bathware, highlighting its focus on product variety, innovation and premium offerings.