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The Economic Times
The Economic Times
Business
Ritesh Presswala

Varmora Granito IPO Day 2: Check GMP, subscription status and other key details. Should you apply?

IPO GMP NSE BSE

Varmora Granito’s IPO entered its second day of bidding on Tuesday, with the three-day issue set to remain open until September 24. In the grey market, the IPO is currently commanding a 2% premium, down from the earlier 6% premium, signalling a positive but relatively flat listing for the stock.

On Day 1, the issue was subscribed 11% overall. The retail portion was subscribed 20%, with investors bidding for shares against the 1.71 crore shares reserved for the segment. The overall issue has an offer size of 3.39 crore shares.

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