Aureate Tradde IPO is a SME IPO of 38,98,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is . The Aureate Tradde IPO open and close dates are not available as of now. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Varmora Granito IPO Details Details
Varmora Granito Limited is coming up with a book-built IPO of ₹708.02 crore, comprising a fresh issue of 2.16 crore shares aggregating to ₹320.00 crore and an Offer for Sale (OFS) of 2.62 crore shares aggregating to ₹388.02 crore. The IPO will open for subscription on September 22, 2026, and close on September 24, 2026. The basis of allotment is expected to be finalized on September 25, 2026, while the shares are tentatively scheduled to list on both BSE and NSE on September 29, 2026. The company has fixed the price band at ₹140–₹148 per share. The minimum application size for retail investors is 101 shares, translating into a minimum investment of ₹14,948 at the upper end of the price band. JM Financial Limited is acting as the Book Running Lead Manager (BRLM) to the issue, while KFin Technologies Limited has been appointed as the Registrar. Of the total issue size, ₹320 crore will be raised through the fresh issue, providing capital to the company for the purposes specified in its Red Herring Prospectus (RHP). The remaining ₹388.02 crore represents an Offer for Sale, under which the proceeds will go to the respective selling shareholders rather than to the company. Investors should review the RHP carefully, including Varmora Granito’s business model, financial performance, risk factors, competitive position, use of fresh-issue proceeds, and details of the selling shareholders, before making an investment decision.
IPO Details
| IPO Date | 22 Sep 26 |
| Listing Date | 29 Sep 26 |
| Face Value | ₹2 per share |
| Price Band | ₹140 to ₹148 |
| Lot Size | 101 |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Total Issue Size | ₹708 Cr |
| Fresh Issue |
₹320 Cr
|
| Offer for Sale | |
| Share Holding Pre Issue | 20,43,90,203 shares |
| Share Holding Post Issue | 22,60,11,824 shares |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
About Varmora Granito IPO Details.
Incorporated in 2003, Varmora Granito Limited is a manufacturer and marketer of ceramic and vitrified tiles, offering a diversified portfolio that includes Glazed Vitrified Tiles (GVT), Polished Vitrified Tiles (PVT), ceramic tiles, and technical tiles. The company has a strong focus on premium and technology-driven products, with GVT and technical tiles contributing approximately 84% of its tile revenue in Fiscal 2026.
Varmora operates eight manufacturing facilities located in the Morbi ceramic cluster of Gujarat. Its manufacturing operations are substantially integrated, with 81.72% of Fiscal 2026 revenue generated from products manufactured in-house. The company has also adopted Integrated Stone Technology (IST) through a technology partnership with Italy-based SACMI, strengthening its capabilities in developing innovative and premium tile products.
The company has established an extensive distribution network comprising 305 exclusive brand outlets and 2,758 multi-brand outlets across India and international markets. In addition to its retail presence, Varmora caters to the B2B segment, supplying products to builders, contractors, real estate developers, and government entities.
Sustainability is another key area of focus for the company. Varmora has developed 16.22 MW of renewable energy capacity through wind and solar power, supporting its efforts to improve the sustainability of its manufacturing operations. As of March 2026, the company had 1,153 permanent employees.
Key Strengths
Diversified premium product portfolio, with a strong presence in value-added GVT and technical tiles.
Technology-led product innovation, supported by advanced manufacturing technologies and its partnership with SACMI.
Extensive distribution network, providing broad market reach through exclusive and multi-brand outlets.
Strong in-house manufacturing capabilities, with a significant proportion of revenue derived from internally manufactured products.
Focus on sustainability, supported by investments in wind and solar renewable energy capacity.
Company Financials (Restated)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 | |
|---|---|---|---|---|
| Assets | 1,509.87 | 1,589.80 | 1,476.16 | |
| Total Income | 1,562.53 | 1,492.68 | 1,472.58 | |
| Profit After Tax | 55.09 | 30.77 | 44.94 | |
| EBITDA | 221.56 | 198.29 | 150.33 | |
| Net Worth | 796.88 | 722.90 | 678.59 | |
| Amount in ₹ Crore | ||||
IPO Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | 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 |
| 2 | General Corporate Purposes | 0.00 |
Key Performance Indicator (KPI)
| KPI | Mar 31, 2026 | - |
|---|---|---|
| ROE | 6.80%% | -% |
| ROCE | 9.89%% | -% |
| Debt/Equity | - | - |
| RoNW | 7.79%% | -% |
| PAT Margin | 3.53%% | -% |
| EBITDA Margin | 14.18%% | -% |
Key Performance Indicator (KPI)
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.70 | - |
| The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP. | ||
IPO Registrar
- Kfin Technologies Ltd.
- 040-79615565
- einward.ris@kfintech.com
- Visit Website
IPO Lead Manager(s)
Lead Manager Reports
Contact Details
Varmora Granito Ltd. Address
8-A, National Highway, Dhuva, Taluka Wankaner Rajkot, Gujarat, 380054
- 9909913657
- investor.relations@varmora.com
- Visit Website
IPO FAQs
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What is the Aureate Tradde IPO?
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How to apply in Aureate Tradde IPO through Zerodha?
Zerodha customers can apply online in Aureate Tradde IPO using UPI as a payment gateway. Zerodha customers can apply in Aureate Tradde IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aureate Tradde IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ' Aureate Tradde IPO ' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- Submit IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
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When Aureate Tradde IPO will open?
The Aureate Tradde IPO dates are not announced. Please check back again after some time.
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What is the lot size of Aureate Tradde IPO?
Aureate Tradde IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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How to apply for Aureate Tradde IPO?
You can apply in Aureate Tradde IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
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Is online banking secure?
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When is Aureate Tradde IPO allotment?
The finalization of Basis of Allotment for Aureate Tradde IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Aureate Tradde IPO allotment status.
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When is Aureate Tradde IPO listing date ?
The Aureate Tradde IPO listing date is not yet announced. The tentative date of listing is .