Varmora Granito Limited
A Rajkot tile maker trading since 2003, selling glazed and polished vitrified and ceramic tiles, with integrated stone technology commercialised in 2024 with Italy's SACMI. It pairs a fresh issue of up to ₹3,200.00 million, to repay borrowings, with an offer for sale of up to 26,217,634 shares by Katsura Investments.
- Price band. The range of prices, per share, within which bids are taken in a book-built IPO. The final issue price is set inside it after bidding closes. Learn more ₹ per share
- ₹148
- Listing price ₹ per share
- ₹155
- NSE open, 29 Sep
- Listing gain. The opening price on listing day against the issue price, in rupees and per cent. Learn more %
- +4.7%
- +₹7 per share
- Current market price. We take the price from the exchange every 5 minutes while the market is open (9:15 to 3:30 IST), and again after the close at 3:45 and 4:00. Outside those hours you are seeing the last reading. Learn more ₹ per share
- ₹133.05
- 12 Oct, 15:30 IST
- Gain to date % on IPO price
- −10.1%
- GMP. Grey market premium. The premium over the issue price at which unlisted IPO shares change hands in the unofficial grey market. It is unofficial and unregulated. Learn more ₹ per share
- ₹1
- +0.7% of IPO price
Timeline
- Mon 21 SepAnchor bidding
- Tue 22 SepBidding opens
- Thu 24 SepBidding closes, 5 PM IST
- Fri 25 SepAllotment
- Mon 28 SepRefunds
- Mon 28 SepShares in demat
- Tue 29 SepListing
Grey market premium (GMP)
₹1 per share
+0.7% of the issue price
The last reading before listing, 28 Sep, 19:00 IST. Grey market figures (GMP) are unofficial and unverified.
| Recorded | GMP ₹ |
|---|---|
| 28 Sep, 19:00 IST | ₹1 |
| 28 Sep, 15:00 IST | ₹1.50 |
| 24 Sep, 15:00 IST | ₹0.50 |
| 24 Sep, 12:00 IST | ₹1.50 |
| 23 Sep, 12:00 IST | ₹2 |
| 22 Sep, 20:30 IST | ₹3 |
| 22 Sep, 20:00 IST | ₹4 |
| 22 Sep, 19:30 IST | ₹5 |
Subscription
| Category | Subscribed × |
|---|---|
| QIB. Qualified institutional buyers: mutual funds, banks, insurers and registered foreign investors. Usually up to 50% of a mainboard book-built issue. Learn more | 3.16× |
| HNI / NII. Non-institutional investors: individuals and others bidding above ₹2 lakh. Split into small (₹2–10 lakh) and big (above ₹10 lakh). Learn more | 0.92× |
| Big HNI (above ₹10L) | 0.92× |
| Small HNI (₹2–10L) | 0.92× |
| Retail. Individual investors bidding up to ₹2 lakh in one IPO. Learn more | 1.00× |
| Total | 1.58× |
As of 24 Sep, 19:01 IST, from the exchange.
Issue details
- Lists on
- NSE and BSE
- Fresh issue
- ₹320 crore, money to the company
- Offer for Sale
- ₹388 crore, money to selling holders
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- JM Financial Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited
- Symbol
- VARMORA
- Promoter holding
- 52% before
Grey market figures are unofficial and unverified. Nothing here is investment advice. Verify with official sources. Full disclaimer.