Varmora Granito Limited
Varmora Granito Limited is a mainboard initial public offer.
The book is open from 22 September 2026 to 24 September 2026.
The price band is ₹140 to ₹148 a share, and the minimum lot is 101 shares — ₹14,948 at the top of the band.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
- Registrar
- KFin Technologies Limited
- Lead managers
- JM Financial Limited
- Goldman Sachs (India) Securities Private Limited
- SBI Capital Markets Limited
| Category | Lots | Shares | Amount |
|---|---|---|---|
Retail Individuals bidding up to ₹2 lakh | 1 – 13 | 101 – 1,313 | ₹14,948 – ₹1,94,324 |
Small NII Non-institutional bids of ₹2 lakh to ₹10 lakh | 14 – 66 | 1,414 – 6,666 | ₹2,09,272 – ₹9,86,568 |
Big NII Non-institutional bids above ₹10 lakh | 67+ | 6,767+ | ₹10,01,516+ |
Bids move in whole lots of 101 shares. The category boundaries are SEBI’s, set by the value of the application — ₹2 lakh divides retail from non-institutional, and ₹10 lakh divides the two non-institutional pools. The lot counts above are those limits converted at ₹148, not a figure the exchange publishes.
- Bidding opens22 Sept 2026
- Bidding closes24 Sept 2026
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listingnot published
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2024 | ₹2.19 | ₹2.19 | 1 |
| FY2025 | ₹1.75 | ₹1.74 | 2 |
| FY2026 | ₹3.08 | ₹3.05 | 3 |
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Asian Granito India Limited | 72.0 | — | 1.2% | 0.70 | ₹18,581 cr |
| Kajaria Ceramics Limited | 40.3 | — | 15.9% | 30.48 | ₹48,304 cr |
| Orient Bell Limited | 47.7 | — | 3.8% | 8.46 | ₹6,915 cr |
| Somany Ceramics Limited | 28.6 | — | 8.8% | 19.80 | ₹27,898 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Goldman Sachs Securities Private Limited 2024 – 2026 | 12 1 measurable | +13.0% | 0 of 1 | — | 1 of 2 |
JM Financial Limited 2021 – 2026 | 69 16 measurable | +13.3% | 5 of 10 | 0 of 2 | 0 of 3 |
SBI Capital Markets Limited 2022 – 2026 | 46 6 measurable | +5.4% | 3 of 5 | 0 of 1 | 0 of 1 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Kfin Technologies Limited 2021 – 2026 | 126 30 measurable | +7.9% | 8 of 18 | 2 of 5 | 2 of 5 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Red herring prospectus (RHP)· ZIP · exchange archive
- Draft red herring prospectus (DRHP)· ZIP · exchange archive7 Aug 2025
- Financial ratios advertisement· ZIP · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.