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.
Timeline
Thursday, 24 September
- Varmora Granito IPO draws 1.6x subscription as flat GMP points to muted listing
The ₹708-crore IPO is expected to finalise allotments today
- Varmora Granito IPO closes with 1.58 times subscription
The IPO was subscribed 1.58 times by the close of bidding
