Varmora Granito Ltd. has announced public offering of 47839255 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 146.00 per share. The gross proceeds of the issue are expected to be Rs 70,802.10 lakhs.

The company's initial public offer (IPO) will open on 22 September 2026 and is expected to close on 24 September 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 140.00-148.00 per share.

The IPO includes a fresh Issue of 47839255 Equity Shares of the Company at an price of Rs 148.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 101 shares with bids in multiples of 101.

Varmora Granito Ltd. anticipates using the proceeds of the issue for a our Companyb our whollyowned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries General corporate purposes.

JM Financial Limited,SBI Capital Markets Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.