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Business News›Markets›IPOs/FPOs›Varmora Granito raises Rs 212.4 crore from anchor investors ahead of Rs 708 crore IPO

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Varmora Granito raises Rs 212.4 crore from anchor investors ahead of Rs 708 crore IPO
Synopsis

Varmora Granito secured ₹212.4 crore from anchor investors on Monday. This fundraising occurred a day before its ₹708-crore initial public offering. The company allocated 1.43 crore equity shares to seventeen funds. Goldman Sachs and ICICI Prudential Mutual Fund were among the key participants. Other notable investors included Bandhan Mutual Fund and Bharti AXA Life Insurance.

ANI

New Delhi: Varmora Granito on Monday raised ₹212.4 crore from anchor investors, including Goldman Sachs and ICICI Prudential Mutual Fund, a day ahead of the opening of its ₹708-crore IPO.



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The company allotted 1.43 crore equity shares to 17 funds at ₹148 apiece. Other participants included Bandhan Mutual Fund, India Acorn Fund, Turnaround Opportunities Fund, Motilal Oswal Mutual Fund, JM Financial Mutual Fund, Bharti AXA Life Insurance Company, Societe Generale and BNP Paribas Financial Markets.

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Varmora Granitoanchor investorsIPOBandhan Mutual FundBharti AXA Life InsuranceGoldman SachsICICI Prudential Mutual Fund

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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