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The Economic Times
The Economic Times
Business
Ritesh Presswala

Varmora Granito's Rs 708 crore IPO opens for subscription: Check GMP, other key details

IPO NSE BSE

Varmora Granito’s IPO opened for subscription today, September 22, giving investors a three-day bidding window. In the grey market, the issue is currently commanding a 6% premium, indicating that the shares are quoted above the upper end of the IPO price band ahead of listing.

The Rs 708-crore IPO is a book-built issue comprising a fresh issue of 2.16 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2.62 crore shares worth Rs 388.02 crore. The issue will remain open until September 24, with allotment expected to be finalised on September 25. The shares are proposed to list on both the NSE and BSE on September 29.

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