Varmora Granito Ltd. makes a strong debut on the bourses with scrip got listed at Rs 152.00 on the Bombay Stock Exchange, a 2.70 per cent premium to its issue price of Rs 148.00. On the National Stock Exchange, the stock was listed at Rs 155.00.

The company, which raised 4.78 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 478.39 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 22 to Sep 24.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for a our Companyb our whollyowned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), through investment in such Subsidiaries General corporate purposes.

JM Financial Limited,SBI Capital Markets Ltd.,Goldman Sachs (India) Securities Pvt. Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 72,771.72, down 1,124.02 points, or 1.52 per cent.