Varmora Granito IPO to open on Sept 22

Ahmedabad: Varmora Granito Limited will open the Bid / Offer in relation to its initial public offering of the Equity Shares on Tuesday, September 22, 2026. The Bid/Offer will close on Thursday, September 24, 2026. The Anchor Investor Bidding Date shall be Monday, September 21, 2026. Bids can be made for a minimum of 101 Equity Shares and in multiples of 101 Equity Shares thereafter. The Price Band has been fixed at ₹140 to ₹148 per Equity Share, a press release stated.

As per the company, the Offer comprises of a Fresh Issue of up to [●] Equity Shares of face value of ₹2 each aggregating up to ₹3,200.00 million and an Offer for sale of up to 26,217,634 Equity Shares of face value of ₹2 each by Katsura Investments.

The Equity Shares, offered through this Red Herring Prospectus, are proposed to be listed on the Stock Exchanges being BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, the Designated Stock Exchange is NSE.

JM Financial Limited, Goldman Sachs (India) Securities Private Limited and SBI Capital Markets Limited are the Book Running Lead Manager to the issue.