Now Reading: Varmora Granito IPO allotment status out Sept 25
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Varmora Granito IPO allotment status out Sept 25
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…
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 company's Rs 200-crore IPO was open for subscription from September 18 to September 20. The issue saw strong demand, with the overall subscription crossing 30 times on the final day.
After the allotment, shares are expected to list on the BSE and NSE next week. Market observers are tracking the grey market premium as an indicator of the likely listing price.
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. The listing date will be announced once the allotment is completed and shares are credited.
Source: ndtvprofit.com
This brief was synthesised by AI from the source linked above.
