Varmora Granito IPO
Varmora Granito Limited
Varmora Granito IPO Details
Varmora Granito Ltd. filed its DRHP with SEBI on August 7, 2025, to raise funds via an IPO comprising a Rs. 400 crore fresh issue and an OFS of up to 5.24 crore equity shares.
The IPO will be a book-built issue, with shares proposed to list on BSE and NSE.
Kfin Technologies Ltd. is the registrar, while the book-running lead managers include JM Financial, Goldman Sachs India, and SBI Capital Markets.
Incorporated in 2003, the company manufactures and markets ceramic and vitrified tiles, offering 3,500+ SKUs through B2C and B2B channels.
Varmora Granito IPO Strengths
- Diverse product portfolio with over 3,500 SKUs across ceramic, glazed vitrified, and polished vitrified tiles.
- Extensive distribution network spanning 949 cities in India, 286 EBOs, 2,000+ MBOs, and exports to 100+ countries.
- Strong manufacturing base with nine plants in Gujarat’s Morbi cluster, a global hub for tiles.
- Steady revenue base with growth even in challenging demand environments.
Varmora Granito IPO Weaknesses
- Profitability under pressure – PAT dropped 32% in FY25 despite stable revenues.
- Geographic concentration risk – all nine plants located in Morbi, Gujarat.
- Highly competitive and fragmented industry, dependent on real estate and construction demand cycles.
- Low return ratios (ROE 4.14%, ROCE 6.32%) compared to industry benchmarks.
Varmora Granito Revenue & Profit
0.013 | +0.0005 |
0.014 | +0.0004 |
0.014 | +0.0003 |
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Varmora Granito IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares to Demat Account | To be announced |
| Listing Date | To be announced |
Varmora Granito IPO Lot Size
| Minimum Lot Size | To be announced |
| Mamximum Lot Size | To be announced |
Seize the Opportunity! Apply for Varmora Granito IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Research
Varmora Granito IPO Subscription Breakup
| QIBs | To be announced |
| Non Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Varmora Granito IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Varmora Granito IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Varmora Granito Limited IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.