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Varmora Granito sees ₹2,500 crore revenue potential by FY29 after ₹450 crore capex

1 source · first seen 15:15 29 Sept · updated 15:15 29 Sept

The brief

Written from 1 report · check the source before you trade
  • Varmora Granito sees ₹2,500 crore revenue potential by FY29 after ₹450 crore capex
  • Plans to use IPO proceeds to clear ₹240 crore net debt; premium products expected to lift margins
  • IPO proceeds and growth plans expose investors to Varmora Granito’s tile business and its execution risk

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4 stories this week
  1. 29 SeptVarmora Granito lists at about 5% premium to its ₹148 IPO priceIPO · 6 sources · NSE debut premium was 4.73%; BSE premium was 2.70%
  2. 28 SeptVarmora Granito IPO subscribed 1.58 times ahead of listingIPO · 4 sources · IPO received bids for 5.34 crore shares against 3.39 crore shares on offer
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Read the reports

1 report · earliest 15:15
CNBC-TV18Varmora Granito sees ₹2,500 crore revenue potential by FY29 after ₹450 crore capex15:15