Archive · 17 Sep 2026
Varmora Granito Sets ₹708-Crore IPO For September 22
Varmora Granito makes tiles and bathroom products.
It plans to sell shares to the public through an IPO.
The IPO will open on September 22 and close on September 24, 2026.
Each share will cost between ₹140 and ₹148.
Some new shares will raise money for the company.
Another part of the IPO will allow Katsura Investments to sell its shares.
Varmora plans to use some of the new money to repay loans.
The shares are expected to begin trading on BSE and NSE on September 29.
Varmora Granito will launch its ₹708-crore IPO from September 22 to 24, 2026.
The price band is set at ₹140-148 per equity share, with anchor bidding on September 21.
The issue includes a ₹320-crore fresh share issue and an offer for sale of 2.62 crore shares.
Investor Katsura Investments will sell shares worth up to ₹388 crore through the offer for sale.
The company plans to repay borrowings, and its shares are proposed to list on BSE and NSE on September 29.
- Who
- Rajkot-based tiles and bathware maker Varmora Granito Ltd, with Katsura Investments selling shares.
- What
- A ₹708-crore IPO comprising a fresh issue of up to ₹320 crore and an offer for sale of 2.62 crore shares.
- When
- The IPO will run from September 22 to September 24, 2026; anchor bidding is scheduled for September 21 and listing for September 29.
- Where
- The shares are proposed to be listed on BSE and NSE.
- Why
- Varmora Granito plans to use fresh-issue proceeds to repay its borrowings, clear borrowings of subsidiaries and fund general corporate purposes.
- IPO size
- Up to ₹708 crore
- Price band
- ₹140-148 per equity share
- Issue dates
- September 22-24, 2026
- Fresh issue
- Up to ₹320 crore
- Offer for sale
- 2.62 crore shares worth up to ₹388 crore
- Allocation
- 50% for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors
- Proposed listing
- BSE and NSE on September 29, 2026