Varmora Granito IPO GMP Today: Nearly 7% Listing Gain Indicated Ahead of Subscription Opening Tomorrow

The Varmora Granito IPO is set to open for subscription on September 22, with the latest grey market premium (GMP) indicating a modest premium over the issue price. As of September 21, the IPO is commanding a GMP of Rs 10 per share in the grey market, pointing to a potential listing gain of 6.76% based on the upper end of the price band.

Varmora Granito IPO GMP Today Ahead of Opening: Check Listing Gain, Price Band & More

Varmora Granito IPO GMP stood at Rs 10 on September 21, according to the latest update. The IPO has a price band of Rs 140 to Rs 148 per share, making the upper price of Rs 148 the reference point for calculating the implied listing indication.

With the current GMP of Rs 10, the implied price works out to around Rs 158 per share if the premium holds until listing. This represents a potential gain of approximately 6.76% over the upper issue price of Rs 148.

However, GMP is an unofficial grey market indicator and can change before the shares are listed. It should therefore not be treated as a guaranteed listing price or return.

The issue size is Rs 4.91 crore, while the price band has been fixed at Rs 140 to Rs 148 per share. The lot size is 101 shares, taking the minimum investment at the upper price band to Rs 14,948. The face value of each share is Rs 2.

Varmora Granito IPO Timeline

The bidding for the Varmora Granito IPO will open on September 22, 2026, and close on September 24, 2026. The allotment is scheduled for September 25, followed by refund initiation on September 28.

The shares are scheduled to be listed on September 29, 2026. The GMP could move during the subscription period depending on demand and broader market conditions.

Know About Company: Varmora Granito Business Highlights

Varmora Granito operates through eight manufacturing facilities and competes with listed companies such as Kajaria Ceramics, Somany Ceramics, Asian Granito India and Orient Bell.

The company has a significant presence in the B2C retail segment. In fiscal 2026, B2C retail accounted for 66.8% of its domestic sales. The B2B business contributed the remaining 33.2% of domestic sales and includes partnerships with architects, builders, contractors and government agencies.

Investors should keep in mind that GMP is not an official exchange price and may fluctuate before listing. The actual listing price will depend on market demand and trading conditions when the shares begin trading on the NSE.

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