Varmora Granito, Moneyview among seven IPOs targeting over ₹4,900 crore this week
Seven companies are set to open IPOs during September 22–28, including tiles maker Varmora Granito, which aims to raise ₹708 crore, and digital lending platform Moneyview, targeting ₹1,092 crore.
What happened
Seven Indian companies are scheduled to open IPOs this week, targeting over ₹4,900 crore. Retail-relevant issuers include tiles maker Varmora Granito, seeking
Key facts
- 7 IPOs
- more than ₹4,900 crore total fundraising
- Varmora Granito: ₹708 crore; ₹140-148 per share; lot size 101
- Elevate Campuses: ₹2,100 crore; ₹343-362 per share; lot size 41
- Moneyview: ₹1,092 crore; ₹32-34 per share; lot size 441
What changed
Seven Indian companies are scheduled to open IPOs this week, targeting over ₹4,900 crore. Retail-relevant issuers include tiles maker Varmora Granito, seeking ₹708 crore, and digital lending platform Moneyview, targeting ₹1,092 crore.
Why this matters
Varmora Granito’s planned ₹708 crore IPO points to renewed funding capacity for retail-adjacent home-improvement suppliers, potentially supporting expansion in distribution, manufacturing, and brand visibility.
What to watch
- Oversubscription levels and anchor-book quality for Varmora Granito and Moneyview.
- Listing-day premium or discount and performance during the first month of trading.
- RBI guidance on unsecured digital lending, credit underwriting and customer-data practices.
- Housing demand, real-estate launches and tile-sector pricing trends affecting Varmora's growth outlook.
- Indian equity-market volatility, interest-rate expectations and retail IPO application volumes.