GENERAL29 Sept 2026
Varmora Granito share price trades flat after decent debut. Should you buy, sell or hold? | Stock Market News
Varmora Granito, a tiles and bathware maker, listed about 5% above its ₹148 IPO price. It opened at ₹152 on the BSE and ₹155 on the NSE, then traded nearly flat. The ₹708-crore IPO was subscribed 1.58 times. Analysts say the valuation looks high at about 60x, so wait for better price discovery. Existing holders can keep a stop-loss near ₹145.
Key Statutory Highlights
- Varmora Granito opened at ₹152 on the BSE and ₹155 on the NSE, a premium of about 5% over its ₹148 IPO price.
- The company's ₹708-crore IPO was subscribed 1.58 times, with the price band set at ₹140 to ₹148 per share.
- The fresh issue money will go towards repaying borrowings and dues of its subsidiaries, including Covertek Ceramica, Varmora Sanitarywares and Simola Tiles.
Actionable Advice for Taxpayers / Founders:Think before you buy. Analysts suggest waiting for better price discovery and steady earnings, and existing holders may review a stop-loss near ₹145 with a certified advisor before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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