Fin Cascade

Prices as of 8 Oct 2026 close · Not investment advice

IPO & buybacks › IPO

Varmora Granito Limited

mainboard · NSE,BSE · listed

The issue

Price band, size and dates.

Price band

₹140.00 – ₹148.00

Issue size

₹708 Cr

Lot size

101

Listing

2026-09-29

Opens

2026-09-22

Closes

2026-09-24

What the money is for: Fresh issue repays/prepays borrowings of company and subsidiaries Covertek Ceramica and Varmora Sanitarywares plus general corporate purposes; remainder is offer for sale

Registrar: KFin Technologies Limited · Lead managers: JM Financial, Goldman Sachs (India) Securities, SBI Capital Markets

Offer document (RHP)

Subscription

How many times each category of buyer applied for the shares on offer.

bnii

0.92×

nii

0.92×

overall

1.58×

qib

3.16×

retail

1.00×

snii

0.92×

Key figures

From the offer document.

anchor cr

212.41

debt to equity

0.44

ebitda margin pct

14.18

eps

3.05

fresh issue cr

320.00

nav per share

39.52

net worth cr

806.03

ofs cr

388.02

pat cr

55.09

pat growth pct

79.04

pat margin pct

3.53

pb ratio

3.74

pe post

48.52

revenue cr

1,512.46

revenue growth pct

4.59

roce pct

9.89

roe pct

6.80

ronw pct

7.79

total debt cr

357.95

Is it cheap or expensive?PRO

Its price compared with listed peers.