Varmora Granito Limited IPO DRHP
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.
Varmora Granito IPO Objects
- Repayment of certain outstanding borrowings availed by the company & its subsidiaries
- General corporate purposes
Varmora Granito IPO Details
Price Band₹ |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹400.00 Cr (0.00 Shares) |
Offer For Sale₹0.00 (5.24 Cr Shares) |
Total Issue( Shares) |
Face Value₹2 per equity share |
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Varmora Granito IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | VALUES |
|---|---|
| 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.
Promoter Details
| Name | Shareholding |
|---|---|
| Bhavesh Varmora | 9.56% |
| Hiren R Varmora | 9.44% |
| Pramodkumar Parsotambhai Patel | 6.63% |
| Others | 25.67% |
| Total | 51.30% |
Management Details
| Name | Designation |
|---|---|
| Bhavesh Varmora | Chairman & MD |
| Bhaveshkumar Koshti | CFO |
Company Details
Name: Varmora Granito Limited
Address: 8-A, National Highway, Dhuva, Taluka Wankaner, Rajkot – 363 641, Gujarat, India
Number: + 91 – 9909913657
Email: investor.relations@varmora.com
Website: www.Varmora.Com
Book Running Lead Managers (BRLMs)
RTAs
KFin Technologies
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Find answers to common questions that come in your mind related to IPO.
Varmora Granito IPO is a Mainboard IPO having an issue size of Rs. ₹0.00 Crs. Varmora Granito IPO is priced at ₹ - ₹ per share. The issue opens on 11 Feb 26 and closes on 11 Feb 26.
Varmora Granito IPO opens on 11 Feb 26 and closes on 11 Feb 26.
The estimated Grey Market Premium of Varmora Granito IPO is ₹0 per share (-).
The minimum lot size of Varmora Granito IPO is shares & the minimum application amount is Rs. 0.
The allotment date of Varmora Granito IPO is 11 Feb 26.
The listing date of Varmora Granito IPO is 11 Feb 26.
Varmora Granito IPO is subscribed -.
Varmora Granito IPO is priced at ₹ - ₹ per share.
Click the allotment link on Varmora Granito IPO page of IPO360.
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- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
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- Money will remain blocked till the refund date
