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Varmora Granito IPO closes with 1.58 times subscription

2 sources · first seen 09:03 24 Sept · updated 11:50 25 Sept

The brief

Written from 2 reports · check the source before you trade

The IPO was subscribed 1.58 times by the close of bidding
The modest subscription offers a demand signal for investors tracking India’s IPO market

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Listing rules22 today Market valuations81 today Varmora Granito0 today

Part of a developing story2 updates over 2 days

Varmora Granito IPO and allotment

Varmora Granito's Rs 708-crore IPO was subscribed 1.58 times by its third day of bidding on September 24. Allotment was expected to be finalised the following day, while a flat grey-market premium indicated muted listing expectations.

Thursday, 24 September

10:442 sources
Varmora Granito IPO draws 1.6x subscription as flat GMP points to muted listing
09:032 sourcesYou are here
Varmora Granito IPO closes with 1.58 times subscription

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Read the reports

2 reports · earliest 09:03

Economic TimesVarmora Granito IPO Day 3: Check GMP, subscription status and key details09:03 Business StandardVarmora Granito IPO ends with 1.58 times subscription11:50