Varmora Granito IPO opens today: Check GMP and other key details. Should you subscribe?
NSE is in focus in an ipo & listings development with September 24 in focus.
· Economic Times Markets, ET Stocks
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.
Key facts
- Dates in focus
- September 24, September 25 and September 29
The analysis
NSE reported Rs 708, Rs 320 crore and Rs 388.02 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With NSE, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
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