Varmora Granito sets ₹140–148 IPO band; issue opens Sept. 22
Home-surfaces brand Varmora Granito will open its mainboard IPO on Sept. 22, with subscriptions closing Sept. 24. The company has set a price band of ₹140–148 per share and is among 10 IPOs scheduled or open in India this week.
What happened
Varmora Granito Ltd. · Home-surface brand Varmora Granito will open its mainboard IPO on Sept. 22, with a Rs 140-Rs 148 per-share price band and subscription
Key facts
- Varmora Granito IPO price band: Rs 140-Rs 148 per share
- Varmora Granito subscription period: Sept. 22-Sept. 24
- 10 IPOs scheduled or open this week
- Sona Selection India price band: Rs 94-Rs 99
- NSE price band: Rs 1,700-Rs 1,785
What changed
Home-surface brand Varmora Granito will open its mainboard IPO on Sept. 22, with a Rs 140-Rs 148 per-share price band and subscription closing Sept. 24. It is among 10 IPOs available to Indian primary-market investors this week.
Why this matters
Varmora Granito’s Sept. 22–24 IPO process at ₹140–148 per share raises the stakes for operational execution, with public-market investors likely to scrutinize growth, margins, and store-and-distribution performance.
What to watch
- Final subscription multiple and investor-category participation
- Anchor book quality and concentration
- Issue valuation versus listed tiles, sanitaryware and building-material peers
- Listing-day premium or discount to the ₹140-148 band
- Use-of-proceeds details and any revisions to expansion plans