Vermora Granito Limited IPO Opens on September 22 with Price Band of ₹140 to ₹148

IPO Details for Vermora Granito Limited

- The bidding for anchor investors will commence on September 21 and close on September 24.

- Bids can be placed for a minimum of 101 equity shares, and thereafter in multiples of 101 shares.

Mumbai/Jaypur. Vermora Granito Limited is set to open its IPO for equity shares on Tuesday. The bidding will conclude on Thursday, September 24, 2026. The date for anchor investors to place their bids is Monday, September 21, 2026. Investors can bid for a minimum of 101 equity shares, with subsequent bids in multiples of 101 shares. The company has established a price band of ₹140 to ₹148 per equity share.

This offer includes a fresh issue of equity shares with a face value of ₹2, amounting to a maximum of ₹3,200 million (₹320 crores). Additionally, there will be an offer for sale (OFS) of up to 26,217,634 equity shares by Katsura Investments, also at a face value of ₹2.

The equity shares being offered are proposed to be listed on BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). JM Financial Limited, Goldman Sachs (India) Securities Private Limited, and SBI Capital Markets Limited are the book running lead managers for this issue.

This offer is being conducted under Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 31 of the SEBI ICDR regulations. The offer will follow the book building process as per Regulation 6(1) of the SEBI ICDR regulations. A maximum of 50% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs) on a proportionate basis. The company may allocate up to 60% of the QIB portion to anchor investors, based on discretion and in consultation with the book running lead managers, in accordance with SEBI ICDR regulations.

40% of the anchor investor portion will be reserved for allocation as follows: (i) 33.33% for domestic mutual funds, provided valid bids are received at or above the anchor investor allocation price; and (ii) 6.67% for life insurance companies and pension funds, contingent upon valid bids at or above the anchor investor allocation price. If there are insufficient bids in the second category, the remaining shares may be allocated to domestic mutual funds at or above the anchor investor allocation price. Should the anchor investor portion not be fully subscribed, the remaining equity shares will be added to the QIB portion (excluding the anchor investor portion), referred to as the 'net QIB portion'. 5% of the net QIB portion will be available for allocation to mutual funds on a proportionate basis. The remaining net QIB portion will be available for allocation to all QIBs (excluding anchor investors), including mutual funds, on a proportionate basis, contingent upon valid bids at or above the offer price.

Additionally, at least 15% of the offer will be available for Non-Institutional Investors (NIIs). This includes one-third for investors with application sizes between ₹2 lakh and ₹10 lakh, and two-thirds for those with application sizes exceeding ₹10 lakh. If either sub-category sees low subscription, the remaining shares may be allocated to the other sub-category as per SEBI ICDR regulations, contingent upon valid bids at or above the offer price. At least 35% of the offer will be reserved for retail individual investors, allocated in accordance with SEBI ICDR regulations and contingent upon valid bids at or above the offer price. All investors, except anchor investors, must participate in this offer through the ASBA (Application Supported by Blocked Amount) process, providing their respective bank account details. Investors bidding through UPI must also provide their UPI ID. The bid amount will be blocked in the bank account by the self-certified syndicate banks (SCSBs) or through the UPI process, as applicable. Anchor investors will not be allowed to participate in the anchor investor portion through the ASBA process.