Now Reading: Varmora Granito IPO allotment status out Sept 25
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Varmora Granito IPO allotment status out Sept 25
Corrected 30 September 2026: issue size, bidding dates and subscription figures corrected from the source.
The Story in Brief
Investors who bid for the Varmora Granito initial public offering can check the share allotment status from September 25. The allotment will be available on the websites of the BSE, NSE and Kfin Technologies, the registrar for the issue.
The Rs 708.02 crore issue closed on September 24, its final day of bidding, when it was subscribed 1.58 times overall, NDTV Profit reports. The qualified institutional buyers' portion was subscribed 3.16 times, the non-institutional investors' portion 0.92 times and the retail portion 1 time. The price band was Rs 140 to Rs 148 a share.
Refunds to non-allottees are due on September 28, when shares will also be credited to allottees' demat accounts, and the shares are set to list on the NSE and BSE on September 29. The grey market premium was Rs 0.5 at 7:30 am on September 25, pointing to a listing price of about Rs 148.5.
Indian Opinion Analysis
The grey market premium for an IPO reflects unregulated, informal trading of the shares before listing, and is not an official indicator. For investors who get allotment, the key number to watch is the final premium on listing day morning, as it determines the immediate profit or loss. NDTV Profit gives the tentative listing date as September 29.
Corrected 30 September 2026: issue size, bidding dates and subscription figures corrected from the source.
Source: ndtvprofit.com
This brief was synthesised by AI from the source linked above. Methodology and corrections.
