Three IPOs currently open for subscription are Varmora Granito Limited, Anand Seamless Limited and Himalaya Nutravedics India Limited. The issues cover ceramic and bathware products, seamless industrial tubes and nutraceutical formulations.
The details below cover each issue, including timeline, price band, lot size, financials and stated use of proceeds.
Varmora Granito Limited
Varmora Granito Limited manufactures and exports ceramic tiles, vitrified tiles, sanitaryware and bathware products. Its product portfolio includes wall tiles, floor tiles, surface finishes and bathroom solutions, distributed through a pan-India network and export markets.
| IPO dates | September 22, 2026 to September 24, 2026 |
| Price band | ₹140 to ₹148 per equity share |
| Lot size | 101 shares |
| Issue size | Approx. ₹1,096.04 crore, including a fresh issue of ₹320.00 crore and an Offer for Sale of ₹776.04 crore |
| Minimum investment | ₹14,948 at the upper price band |
Total revenue moved from ₹1,472.58 crore in FY24 to ₹1,562.53 crore in FY26. Profit after tax was ₹55.09 crore in FY26, compared with ₹44.94 crore in FY24. The company has stated that ₹245.00 crore of net proceeds will be used for repayment or prepayment of borrowings of the company and certain subsidiaries. The balance is planned for general corporate purposes.
Anand Seamless Limited
Anand Seamless Limited manufactures and exports seamless tubes, carbon and stainless steel pipes, and specialised finned tubes. The company operates from its manufacturing unit in Mahesana, Gujarat, and caters to sectors such as heat exchangers, boilers, oil and gas, and industrial equipment fabrication.
| IPO dates | September 22, 2026 to September 24, 2026 |
| Lot size | 1,600 shares |
| Issue price | ₹72 per share |
| Issue size | Approx. ₹25.52 crore, entirely a fresh issue of 35.44 lakh shares (35,44,000 shares) |
| Minimum retail application | 2 lots, or 3,200 shares, amounting to ₹2,30,400 |
Total revenue was ₹33.64 crore in FY25, compared with ₹37.00 crore in FY24 and ₹41.53 crore in FY23. Profit after tax stood at ₹2.65 crore in FY25. The company plans to use ₹13.19 crore for capacity expansion, technology upgrades and process optimisation, and ₹5.73 crore for repayment or prepayment of borrowings. The remaining proceeds are marked for general corporate purposes.
Himalaya Nutravedics India Limited
Himalaya Nutravedics India Limited manufactures, markets and distributes Ayurvedic and nutraceutical formulations. The company sells its own branded formulations and also provides contract manufacturing services for products such as capsules, tablets, liquids and medicated oils.
| IPO dates | September 22, 2026 to September 24, 2026 |
| Price band | ₹100 to ₹106 per equity share |
| Issue size | ₹26.50 crore, entirely a fresh issue of 24.99 lakh shares |
| Minimum retail application | 1 lot, or 1,200 shares, amounting to ₹1,27,200 at the upper price band of ₹106 |
Total revenue increased from ₹14.43 crore in FY24 to ₹43.12 crore in FY26. Profit after tax was ₹7.39 crore in FY26, while net worth stood at ₹16.38 crore. The company has stated that ₹13.75 crore will be used for working capital requirements and ₹7.50 crore for branding, digital marketing and market expansion. The balance is reserved for general corporate purposes.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own due diligence and consult with a financial advisor before making any investment decisions.
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