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Varmora Granito raises Rs 212 crore from anchor investors ahead of Rs 708 crore IPO
Rajkot-based tiles and bathware maker Varmora Granito raised Rs 212.4 crore from anchor investors ahead of its Rs 708-crore IPO. Fresh-issue proceeds will repay borrowings and subsidiary dues, supporting its tiles and sanitaryware business.
Reported figures
From the report. Source details below
| 1.43 crore equity shares allotted to | 17 funds |
|---|---|
| 2.62 crore shares OFS worth | up to Rs 388 crore |
| IPO price band: | Rs 140-148 per share |
Other figures
- Rs 320 crore fresh issue