Varmora Granito IPO To Open On September 22; Sets Price Band At Rs 140-148 Per Share
Mumbai, September 19, 2026: Varmora Granito Limited’s Initial Public Offering (IPO) is set to open for public subscription on Tuesday, September 22, 2026. The company has fixed the price band for the issue at Rs 140 to Rs 148 per equity share. The bidding for anchor investors will open on September 21, while the main issue will close on September 24, the company said in a press release.
Investors can bid for a minimum of 101 equity shares and in multiples of 101 shares thereafter. The public issue comprises a fresh issue of equity shares aggregating up to Rs 3,200 crore. Additionally, the offer includes an Offer for Sale (OFS) of up to 2,62,17,634 equity shares by promoter entity Cutsura Investments.
The shares are being offered through a book-building process. Following the successful completion of the offer, the equity shares of the company are proposed to be listed on both the BSE and the National Stock Exchange of India (NSE), with the NSE acting as the designated stock exchange for the issue.
