Varmora Granito's ₹708 crore IPO opens September 22 and closes September 24, marking the tilemaker's entry into India's primary market
The issue comprises ₹320 crore in fresh shares and ₹388 crore offer-for-sale, with a price band of ₹140–148 per share
Anchor bidding on September 21 raised ₹212.4 crore, with Goldman Sachs, ICICI Prudential, and Bandhan among the participants
Allotment is scheduled for September 25, refunds and share credit will follow on September 28, with listing set for September 29
Post-IPO, Varmora is positioned to become the sector's second-largest listed tile player by scale
Disclaimer: This post is for informational purposes only and does not constitute investment advice. Please conduct your own research before making any financial decisions.
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