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Varmora Granito Ltd. IPO
IPO Timeline
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22 Sep 2026Bidding Starts
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24 Sep 2026Bidding Ends
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25 Sep 2026Allotment Finalization
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29 Sep 2026Listing
About Varmora Granito Ltd.
We offer a diverse range of products comprising tiles, including glazed vitrified tiles (“GVT”), polished vitrified tiles (“PVT”) and ceramic tiles. We have consistently leveraged technology to pioneer design and quality advancements in the industry. For instance, we have commercialized integrated stone technology (“IST”) in 2024, with a technology partnership with SACMI Imola S.C. (“SACMI”), an Italian tile equipment provider.
Our diverse product offerings comprise a wide range of high-quality, durable and aesthetic tiles. Our primary focus is on selling premium products such as GVT and technical products which represented 84.19%, 78.71% and 75.37% of our revenue from operations from tiles in Fiscals 2026, 2025 and 2024, respectively. This underscores our focus on developing and selling premium products. This has also driven an improvement in our Gross Margin from 35.26% in Fiscal 2024 to 37.92% in Fiscal 2026.
Varmora Granito Ltd. IPO Reservation
| Investors Category | Shares Offered |
|---|---|
| Anchor Investors | 1,43,51,777 (30%) |
| Non Institutional Investors | 71,75,888 (15%) |
| Qualified Institutional Buyers (QIBs) | 95,67,851 (20%) |
| Retail Individual Investors (RIIs) | 1,67,43,739 (35%) |
Varmora Granito Ltd. Financial Information
| Year End | Revenue | PAT | Reserves & Surplus |
|---|---|---|---|
| 31 Mar 2026 | 1,415.49 Cr | 59.14 Cr | 759.22 Cr |
| 31 Mar 2025 | 1,363.91 Cr | 28.83 Cr | 688.98 Cr |
Varmora Granito Ltd. Background
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2004Introduced 605 x 605 mm size of vitrified tiles
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2006One of the first in the industry to introduce homogenous-body slabs (full-body slabs) (i) 1170 x 1770 mm and (ii) 1185 x 1785 mm (Source: Technopak Report)
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2010First to launch digitally printed wall tiles (Source: Technopak Report)
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2012Commenced production of double charge tiles in 800 x 800 mm
One of the first in the industry to introduce double charge tiles (Source: Technopak Report)
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2014Launched our sanitaryware business
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2017One of the first in the industry to introduce high gloss & rocker (Source: Technopak Report)
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2020One of the first in the industry to introduce kitchen slabs (80 x 260 mm) (Source: Technopak Report)
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2024Set-up two (2) greenfield plants to boost in-house manufacturing capabilities in Morbi.
First to commercialize integrated stone technology in India (Source: Technopak Report)
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2026Acquisition of Allemby Ceramics Private Limited
Divestment of partnership interest in Simola Tiles LLP
1. Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by:
a. our Company
b. our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries
2. General corporate purposes.
1. Bhavesh Vallabhdas Varmora
2. Hiren R Varmora
3. Pramodkumar Parsotambhai Patel
The Indian domestic tiles market has witnessed significant growth over the past years. Valued at approximately ?360.0 billionin Fiscal 2019, the market expanded to ?531.0 billion by Fiscal 2025, growing at a CAGR of 6.7%. It is further projected to grow to ?769.0 billion by Fiscal 2029, ... Read more
Phone no:9909913657
FAQs
When does Varmora Granito Ltd. IPO opens and closes?
Varmora Granito Ltd. IPO opens from 22nd September to 24th September 2026.What is the size of Varmora Granito Ltd. IPO?
The size of the Varmora Granito Ltd. IPO is ₹708.02 Cr.What is the price range of Varmora Granito Ltd. IPO?
The price range of Varmora Granito Ltd. IPO is at ₹140 to ₹148 per share.What is the minimum investment and lot size required for the Varmora Granito Ltd. IPO?
The minimum investment required is ₹14,948 and minimum lot size is 101 shares.When is Varmora Granito Ltd. IPO listing date?
The Varmora Granito Ltd. IPO will be listed on 29th September 2026.What is the objective of Varmora Granito Ltd. IPO?
1. Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by:a. our Company
b. our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries
2. General corporate purposes.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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