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
- Repayment of certain outstanding borrowings availed by the company & its subsidiaries
- General corporate purposes
Financial Performance
(Rs. in crores)
| 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%
Management
Frequently Asked Questions
What is Varmora Granito IPO?
When will Varmora Granito IPO open?
What is the GMP of Varmora Granito IPO?
What is the lot size of Varmora Granito IPO?
When is the allotment of Varmora Granito IPO?
What is the listing date of Varmora Granito IPO?
What is the subscription of Varmora Granito IPO?
What is the price band of Varmora Granito IPO?
How to check allotment status of Varmora Granito IPO?
How to apply Varmora Granito IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Varmora Granito IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Varmora Granito IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Varmora Granito IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date