Varmora Granito IPO GMP History
Varmora Granito IPO has been listed on September 29, 2026 at a listing price of ₹155, against the issue price of ₹148 — a gain of ₹7 (+4.73%). The GMP peaked at ₹15 on 18 September 2026 and reached a low of ₹0 on 27 September 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Varmora Granito IPO raised ₹708.02 Cr. through its IPO at a price band of ₹140 to ₹148 per share, with a lot size of 101 shares. The IPO was open for subscription from 22 Sep 2026 to 24 Sep 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 29 Sep, 6:30 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 29 Sep 2026 | ₹ 1 | — | 0.68% | — | — |
| 28 Sep 2026 | ₹ 1 | ▲ | 0.68% | — | — |
| 27 Sep 2026 | ₹ 0 | — | 0% | — | — |
| 26 Sep 2026 | ₹ 0 | ▼ | 0% | — | — |
| 25 Sep 2026 | ₹ 0.5 | — | 0.34% | — | — |
| 24 Sep 2026 | ₹ 0.5 | ▲ | 0.34% | — | — |
| 23 Sep 2026 | ₹ 0 | ▼ | 0% | — | — |
| 22 Sep 2026 | ₹ 3 | ▼ | 2.03% | — | ₹ 700 |
| 21 Sep 2026 | ₹ 9 | — | 6.08% | — | ₹ 1200 |
| 20 Sep 2026 | ₹ 9 | ▼ | 6.08% | — | ₹ 1200 |
| 19 Sep 2026 | ₹ 12 | ▼ | 8.11% | — | ₹ 1200 |
| 18 Sep 2026 | ₹ 15 | ▲ | 10.14% | — | — |
| 17 Sep 2026 | ₹ 10 | — | 6.76% | — | — |
Varmora Granito IPO dates
Key dates from opening to listing. Today is 2 November.
- Open 22 Sep 2026
- Close 24 Sep 2026
- Allotment 25 Sep 2026
- Refund/credit 28 Sep 2026
- Listing 29 Sep 2026
Varmora Granito IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹148 |
|---|---|
| GMP-based estimate (pre-listing) | ₹149 (+0.7%) |
| Listing gain / loss | +₹7 per share |
| Listing date | 29 Sep, 2026 |
| Actual listing price | ₹155 (+4.73%) |
Is Varmora Granito IPO GMP reliable?
Grey market premium for Varmora Granito IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Varmora Granito IPO full review for a fundamentals-based assessment before making any grey market trades.
Varmora Granito IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Varmora Granito IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Varmora Granito IPO
Varmora Granito Limited was incorporated in 2003. It manufactures and sells ceramic and vitrified tiles, covering glazed vitrified tiles, polished vitrified tiles and ordinary ceramic tiles. Vitrified tiles are denser and harder than ceramic ones and sit at the premium end of the market.
The company has deliberately tilted towards that premium end. Glazed vitrified and technical tiles made up about 84% of its tile revenue in FY2026. It has also adopted Integrated Stone Technology through a technology partnership with the Italian firm SACMI, which supports the more innovative and premium products.
It runs eight manufacturing facilities in the Morbi cluster of Gujarat, which is India's main tile making centre, and 81.72% of its FY2026 revenue came from tiles it made itself rather than bought in. Its distribution network covers 305 exclusive brand outlets and 2,758 multi-brand outlets across India and overseas, alongside direct business to business sales to builders, contractors, developers and government bodies. It has 16.22 MW of its own renewable energy capacity from wind and solar, and as on March 2026 it had 1,153 permanent employees.
Frequently asked
What is the GMP of Varmora Granito IPO?
The current Grey Market Premium (GMP) of Varmora Granito IPO is ₹ 1.
What is the Kostak Price of Varmora Granito IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Varmora Granito IPO is not available.
What is the Subject to Sauda Price of Varmora Granito IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Varmora Granito IPO?
Varmora Granito IPO listed on September 29, 2026 at ₹155, against the issue price of ₹148 — a gain of +4.73%.
How did the GMP of Varmora Granito IPO trend before listing?
The GMP of Varmora Granito IPO was stable in its final days before listing. The GMP peaked at ₹15 on 18 September 2026. View the day-wise table above for the complete GMP history.
Explore Varmora Granito IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
