Varmora Granito IPO Day 2: Check GMP, subscription status and other key details. Should you apply?
60-Word AI Digest
Varmora Granito’s Rs 708-crore IPO was 11% subscribed on Day 1, with the retail portion at 20%. The issue’s grey market premium has cooled to 2% from 6%, indicating a modest listing premium. The IPO closes on September 24, with allotment expected on September 25 and listing on NSE and BSE on September 29.
Key Takeaways
- Varmora Granito’s Rs 708-crore IPO was 11% subscribed on Day 1, with the retail portion at 20%.
- The issue’s grey market premium has cooled to 2% from 6%, indicating a modest listing premium.
- The IPO closes on September 24, with allotment expected on September 25 and listing on NSE and BSE on September 29.
Varmora Granito’s Rs 708-crore IPO was 11% subscribed on Day 1, with the retail portion at 20%. The issue’s grey market premium has cooled to 2% from 6%, indicating a modest listing premium. The IPO closes on September 24, with allotment expected on September 25 and listing on NSE and BSE on September 29.
Original Publisher Attribution
This summary was curated from Economic Times.