Tiles and bathware maker Varmora Granito raises ₹212.4 crore from anchor investors ahead of its planned initial public offering (IPO). The company, based in Rajkot, has set an IPO price band of ₹140–₹148 per share for the IPO slated for September 22–24.
Both outlets report that the IPO structure includes a mix of fresh share issuance and an offer for sale (OFS). NDTV adds that the IPO involves a fresh issue of equity shares aggregating up to ₹320 crore, alongside an OFS of 2.62 crore shares. The OFS portion is linked to investor Katsura Investments, with the shares valued at up to ₹388 crore, as described in the coverage. Business Line focuses primarily on the anchor allocation and timing, while NDTV details the composition and size of the fresh issue and OFS.
The reported developments align on the anchor-investor inflow amount and the company’s IPO launch window, while differing in emphasis between fundraising highlights and the breakdown of how proceeds will be generated through fresh issuance versus selling by an existing investor.
