Varmora Granito Limited IPO

Varmora Granito Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

Total Issue

₹0.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

Business Overview

Varmora offers a wide range of high-quality, durable and aesthetically appealing tiles, including glazed vitrified tiles, polished vitrified tiles and ceramic tiles. As of March 31, 2025, its product portfolio comprised over 3,500 stock-keeping units across 20 surface types, catering to diverse applications such as flooring, wall cladding, back paneling, façades and kitchen slabs. During Fiscal 2025, the Company expanded its offerings by launching marble-inspired products across four surface categories using integrated stone technology. Its products are distributed through a robust multi-channel network comprising 286 exclusive brand outlets, over 2,000 multi-brand outlets, and B2B channels serving builders, contractors, developers and government-empanelled customers.

Objects of Issue

  1. Repayment of certain outstanding borrowings availed by the company & its subsidiaries
  2. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Varmora Granito IPO
Particulars Mar-25 Mar-24 Mar-23
Revenue 1,446.03 1,435.48 1,334.95
PAT 30.77 44.94 55.06
Net Worth 722.90 678.59 642.23
Borrowings 505.16 412.89 267.65
Assets 1,589.80 1,476.16 1,264.20
NAV (₹) 35.85 33.66 35.29
EPS (₹) 1.75 2.19 2.80

KPIs

EBITDA

13.28%

PAT

2.06%

ROE

4.14%

ROCE

6.32%

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

51.30%

Public

48.70%

Bhavesh Varmora 9.56%
Hiren R Varmora 9.44%
Pramodkumar Parsotambhai Patel 6.63%
Others 25.67%

Management

Bhavesh Varmora Chairman & MD
Bhaveshkumar Koshti CFO

Registrar & Lead Managers

Frequently Asked Questions

What is Varmora Granito IPO?
Varmora Granito IPO is a Mainboard IPO having an issue size of ₹0.00 Crs. Varmora Granito IPO is priced at ₹ - ₹ per share. The issue opens on 16 Apr 26 and closes on 16 Apr 26.
When will Varmora Granito IPO open?
Varmora Granito IPO opens on 16 Apr 26 and closes on 16 Apr 26.
What is the GMP of Varmora Granito IPO?
The estimated Grey Market Premium of Varmora Granito IPO is ₹0 per share (-).
What is the lot size of Varmora Granito IPO?
The minimum lot size of Varmora Granito IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Varmora Granito IPO?
The allotment date of Varmora Granito IPO is 16 Apr 26.
What is the listing date of Varmora Granito IPO?
The listing date of Varmora Granito IPO is 16 Apr 26.
What is the subscription of Varmora Granito IPO?
Varmora Granito IPO is subscribed -.
What is the price band of Varmora Granito IPO?
Varmora Granito IPO is priced at ₹ - ₹ per share.
How to check allotment status of Varmora Granito IPO?
Click the allotment link on Varmora Granito IPO page of IPO360.
How to apply Varmora Granito IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Varmora Granito IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Varmora Granito IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Varmora Granito IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date