Varmora Granito Ltd Listed
Varmora Granito Limited, incorporated in 2003, manufactures and markets ceramic and vitrified tiles, including Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT) and ceramic tiles. The company focuses on...
GREY MARKET PREMIUM
+₹2
▲ +4.17% vs issue price
Issue Price
₹48.00
Est. Listing Price
₹50.00
Lot Size
101
Issue Details
Open Date
2026-09-22
Close Date
2026-09-24
Allotment
2026-09-25
Face Value
₹2.00
Total Issue Size
4,78,39,255 shares (agg. up to ₹708 Cr) Cr
Issue Type
Bookbuilding IPO
Exchange
NSE & BSE
Subscription Status
| Category | Subscription (x) | Shares Offered | Shares Bid |
|---|---|---|---|
| QIB | 1.86x | 24736010.00 | 44608367.00 |
| NII (HNI) | 0.93x | 6685594.00 | 6685594.00 |
| Retail | 0.98x | 16417651.00 | 16417651.00 |
| Market Maker | 1x | - | - |
| Total | 1.42x | 47839255.00 | 67711612.00 |
Financials (₹ Cr)
| Period | Revenue | PAT | EBITDA | Net Worth |
|---|---|---|---|---|
| 31 Mar 2026 | 1562.53 | 55.09 | 221.56 | 796.88 |
| 31 Mar 2025 | 1492.68 | 30.77 | 198.29 | 722.90 |
| 31 Mar 2024 | 1472.58 | 44.94 | 150.33 | 678.59 |
Key Ratios
Return on Equity
6.80
Return on Capital Employed
9.89
Return on Net Worth
7.79
PAT / Revenue
3.53
EBITDA / Revenue
14.18
Price to Book Value
3.74
EPS Pre-Issue
2.70
EPS Post-Issue
2.44
P/E Pre-Issue
54.81
P/E Post-Issue
60.66
Objects of the Issue
- Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by: The company and wholly-owned subsidiaries namely Covertek Ceramica Pvt.Ltd. and Varmora Sanitarywares Pvt.Ltd. (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries — ₹245.00 Cr
- General Corporate Purposes
Lead Managers
SBI Capital Markets Ltd.
JM Financial Ltd
Goldman Sachs (India) Securities Pvt.Ltd
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