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Varmora Granito Charges Toward IPO: ₹400 Cr Fresh Issue Targets SEBI Approval
Varmora Granito Charges Toward IPO: ₹400 Cr Fresh Issue Targets SEBI Approval
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Another traditional firm jumps on the IPO bandwagon—because nothing says 'growth' like diluting equity in a bull market.
Varmora Granito just filed draft papers with SEBI, aiming to raise ₹400 crore via fresh issuance. No greenshoe, no offer-for-sale—just cold, hard capital for... whatever ceramic tile companies spend money on these days.
The playbook is familiar: Dress up pre-IPO financials, let bankers hype 'strong investor appetite,' then pray retail doesn't notice the lockup expiry date. At least it's not another crypto rug pull.
Will this IPO stick like premium tile adhesive—or crack under pressure like a discount batch? Grab your popcorn (and your brokerage login).
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