Varmora Granito targets ₹708 crore IPO in ₹4,900 crore issuance week
Tile maker Varmora Granito plans to raise ₹708 crore at ₹140–148 per share as part of a seven-IPO slate scheduled for September 22–28. The broader issue calendar, including Moneyview, is expected to raise more than ₹4,900 crore; SS Retail is also due to list.
What happened
Seven Indian companies, including tile maker Varmora Granito and digital-lending platform Moneyview, plan IPOs raising over Rs 4,900 crore during September
Key facts
- 7 IPOs
- over Rs 4,900 crore total planned fundraising
- Varmora Granito: Rs 708 crore; Rs 140-148 per share
- Elevate Campuses: Rs 2,100 crore; Rs 343-362 per share
- Moneyview: Rs 1,092 crore; Rs 32-34 per share
What changed
Seven Indian companies, including tile maker Varmora Granito and digital-lending platform Moneyview, plan IPOs raising over Rs 4,900 crore during September 22-28. Retail-facing SS Retail is also among companies scheduled to list during the week.
Why this matters
Varmora Granito’s IPO highlights rising capital-market appetite for home-improvement suppliers, potentially strengthening its capacity to expand distribution, inventory and retail visibility.
What to watch
- IPO subscription level by QIB, NII and retail categories
- Anchor investor quality and lock-in-related selling risk
- Final issue price versus the ₹140–148 band and any revised terms
- Grey-market premium and first-week trading liquidity, interpreted cautiously
- Use-of-proceeds disclosures, especially capacity additions and debt reduction