Varmora Granito Limited IPO
Varmora Granito Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

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.

Varmora Granito IPO Size

Fresh Issue
₹400 Cr (TBA Shares)
Offer For Sale
Rs. TBA Cr (5.24 Cr Shares)

Objects of Issue

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

Varmora Granito IPO 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

Key Performance Indicators (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.

Promoter Holding

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

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

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