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Varmora Granito IPO draws 1.6x subscription as flat GMP points to muted listing

2 sources · first seen 10:44 24 Sept · updated 08:06 25 Sept

The brief

Written from 2 reports · check the source before you trade

The ₹708-crore IPO is expected to finalise allotments today
The IPO was subscribed 1.6x on Day 3; GMP signals a flat listing

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Varmora Granito0 today Market valuations81 today Listing rules22 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 sourcesYou are here
Varmora Granito IPO draws 1.6x subscription as flat GMP points to muted listing
09:032 sources
Varmora Granito IPO closes with 1.58 times subscription

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2 reports · earliest 10:44

MoneycontrolVarmora Granito IPO subscribed 1.6x on Day 3; GMP signals flat listing10:44 Economic TimesVarmora Granito IPO allotment likely today: Flat GMP signals muted listing. Here’s how to check status08:06