Varmora Granito IPO Allotment Status: Check Online via KFin Technologies, BSE & NSE

Varmora Granito IPO allotment is scheduled for Friday, 25 September 2026. This guide explains when allotment should be visible, where to check it, and what happens after allotment.

Key Takeaways

• Allotment date: The basis of allotment for the Varmora Granito IPO is expected on Friday, 25 September 2026 (tentative).
• Issue size: The ₹708.02 crore issue splits into a ₹320 crore fresh issue and a ₹388.02 crore offer for sale.
• Price band and investment: Shares are priced at ₹140–₹148 each; one lot of 101 shares needs a minimum retail investment of ₹14,948.
• Registrar: KFin Technologies Ltd. is processing the allotment; status can be checked online using your PAN or application number.
• Listing date: Varmora Granito shares are tentatively set to list on both BSE and NSE on Tuesday, 29 September 2026.
• Who is selling in the OFS: The entire ₹388.02 crore offer-for-sale portion is being sold by existing shareholder Katsura Investments — this money goes to Katsura, not to the company.

Varmora Granito IPO: Key Details at a Glance

What is the Varmora Granito IPO Timeline?

When Will Varmora Granito IPO Allotment Be Out?

The Varmora Granito IPO closes for bidding on Thursday, 24 September 2026. Under SEBI’s standard T+1 allotment cycle, registrar KFin Technologies is expected to finalise the basis of allotment on the very next working day, Friday, 25 September 2026 (tentative), which is when allotment status typically becomes visible on the registrar’s portal, BSE, and NSE.

From there, the next step in the cycle (releasing ASBA-blocked funds and crediting allotted shares to demat accounts) would normally fall on T+2, but since 26 and 27 September 2026 are a Saturday and Sunday, this step moves to the next working day, Monday, 28 September 2026. Listing on BSE and NSE, normally T+3, is tentatively scheduled for Tuesday, 29 September 2026, the first trading day after that weekend shift.

How to Check Varmora Granito IPO Allotment Status

Method 1: Via KFin Technologies Ltd. (Registrar)

KFin Technologies Ltd. is the official registrar for this IPO and the fastest source for allotment data, since it manages the process directly.

• Visit the KFin Technologies Ltd. IPO allotment status page.
• Select “Varmora Granito Limited” from the company dropdown.
• Choose your verification method — PAN, Application Number, or DP/Client ID.
• Enter the details and submit to view your allotment status.

Method 2: Via BSE

• Visit the BSE Application Status Check page.
• Select “Varmora Granito Limited” as the issue name.
• Enter your Application Number and PAN.
• Submit to view your status. Data stays available on BSE for about a week after issue closure.

Method 3: Via NSE

• Visit NSE’s bid verification page.
• Complete one-time registration with your PAN if you haven’t already.
• Select “Varmora Granito Limited” and view your application status.

How is the Basis of Allotment Decided?

The basis of allotment follows SEBI’s standard framework and is the same across mainboard IPOs, including Varmora Granito. In the retail category, if the issue is oversubscribed, allotment is done through a computerised lottery (draw of lots), so each successful applicant gets at least one full lot rather than a partial allocation. In the NII and QIB categories, allotment is proportionate to the shares bid for, subject to the rounding rules the registrar applies when a category is oversubscribed.

What Happens If You’re Not Allotted Shares?

If you are not allotted shares in the Varmora Granito IPO, no separate refund process is needed for most applicants. Almost all mainboard IPO retail bids go through ASBA, meaning your bid amount was only ever blocked in your own bank account, never debited. That block is released automatically by your bank once the basis of allotment is finalised, expected on Friday, 25 September 2026.

Because 26 and 27 September 2026 fall on a weekend, the formal unblocking/refund cycle (and the parallel demat credit for successful applicants) completes on the next working day, Monday, 28 September 2026. If the amount is still blocked after that date, check your application status with your bank or the registrar directly rather than assuming the allotment failed.

What Will Varmora Granito Do With the IPO Proceeds?

Of the total ₹708.02 crore issue, only the ₹320 crore fresh issue portion goes to Varmora Granito Limited itself. The company intends to use these proceeds to repay or prepay outstanding borrowings (including accrued interest) of Varmora Granito Limited and of its subsidiaries, Covertek Ceramica Private Limited, Varmora Sanitarywares Private Limited, and Simola Tiles LLP, with the remaining amount earmarked for general corporate purposes.

The ₹388.02 crore offer-for-sale portion works differently: those funds go entirely to the selling shareholder, Katsura Investments, not to Varmora Granito. Buying shares in the OFS portion doesn’t inject any new capital into the company; it simply transfers existing shares from Katsura Investments to new public shareholders.

What is Varmora Granito Limited?

Varmora Granito Limited was incorporated in 2003 and has grown into one of India’s leading tile manufacturers, based out of Gujarat’s Morbi cluster — the country’s largest ceramics and tiles manufacturing hub. The company makes ceramic tiles, Glazed Vitrified Tiles (GVT), and Polished Vitrified Tiles (PVT), and extends into bathware and sanitaryware through its subsidiary Varmora Sanitarywares Private Limited.

It runs eight manufacturing facilities and sources over 80% of FY2026 revenue from in-house production, selling through a distribution network of 305 exclusive brand outlets and 2,758 multi-brand outlets across India and overseas, alongside direct B2B supply to builders and developers. Varmora Granito has a SEBI-defined promoter group, Bhavesh Vallabhdas Varmora, Hiren R Varmora, and Pramodkumar Parsotambhai Patel, who together hold over half the company’s pre-issue equity. Katsura Investments, an existing pre-IPO shareholder, is the only entity selling shares through the offer-for-sale portion of this IPO.

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