Varmora Granito raises Rs 212 crore from anchor investors ahead of Rs 708 crore IPO

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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.

Read more: Landmark NSE IPO threatens to hollow out Dalal Street’s shadow market

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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