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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Varmora Granito Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹148
Per ShareLot Size
101 Shares
Minimum Investment
₹14,948
Issue Size
₹708.02 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
52%
Promoter Holding (Post-Issue)
47.04%
Issue Type
Book Building
ISIN
INE0M5301040
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 Company was originally incorporated as "Varmora Granito Private Limited" under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated November 18, 2003, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of our Company was subsequently changed to "Varmora Granito Limited", upon conversion of our Company from a private limited to a public limited company, pursuant to a board resolution dated April 25, 2025, and a shareholders' resolution dated April 30, 2025. A fresh certificate of incorporation was issued on May 14, 2025, by the Registrar of Companies, Gujarat at Ahmedabad.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 47,839,255 equity shares of face value of Rs. 2 each ("Equity Shares") of Varmora Granito Limited ("Company" or "Issuer") for cash at a price of Rs. 148 per equity share (including a share premium of Rs. 146 per equity share) ("Offer Price") aggregating to Rs. 708.02 Crores (the "Offer") comprising of a fresh issue of 21,621,621 equity shares of face value of Rs. 2 each aggregating to Rs. 320.00 Crores ("Fresh Issue") and an offer for sale of 26,217,634 equity shares of face value of Rs. 2 each aggregating to Rs. 388.02 Crores by Katsura Investments (Referred to as the "Investor Selling Shareholder"), and such equity shares offered by the investor selling shareholders, the "Offered Shares"). The offer shall constitute 21.17% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant section of the rhp and prospectus. Price Band: Rs. 148 per equity share bearing face value of Rs. 2 each. The floor price is 74 times of the face value of the equity shares. Bids can be made for a minimum of 101 equity shares of face value of Rs. 2 each and in multiples of 101 equity shares of face value of Rs. 2 each thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.