Price Band fixed at Rs140 to Rs148 per equity share of face value of Rs2 each of Varmora Granito Limited
FinTech BizNews Service
Mumbai, 17 September 2026: 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.
Varmora Granito Limited is a Gujarat-based tile and bathware manufacturer with 12 manufacturing plants. The company focuses on innovation and advanced manufacturing, including large-format slabs and Integrated Stone Technology.
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 Rs140 to Rs148 per Equity Share.
• Red Herring Prospectus dated September 16, 2026 link: https://live.jmfl.com/od/UploadedFiles/A49FD961-AE8C-4FE8-9A30-5041E1D8672C.pdf
The Offer comprises of a Fresh Issue of Equity Shares of face value of Rs2 each aggregating up to Rs3,200.00 million and an Offer for sale of up to 26,217,634 Equity Shares of face value of Rs2 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 (“BSE”) and National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”). 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.
