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IPO● Neutral for Indian equities
Varmora Granito IPO listing: Muted debut on cards as GMP loses steam
The brief
- The IPO was subscribed 1.58 times, with bids for 5.34 crore shares against 3.39 crore offered
- Varmora Granito IPO draws 1.6x subscription as flat GMP points to muted listing
- Varmora Granito IPO closes with 1.58 times subscription