Bonfiglioli Transmissions’ Rs 2,534-crore IPO entered its final day of bidding on October 19, with the grey market premium (GMP) easing to 22% from 30% earlier, indicating moderating expectations for listing gains. The IPO is entirely an offer for sale (OFS) of 4.32 crore shares, meaning the company will not receive any proceeds from the issue.
Bonfiglioli Transmissions’ Rs 2,534-crore IPO entered its final day of bidding on October 19, with the grey market premium (GMP) easing to 22% from 30% earlier, indicating moderating expectations for listing gains. The IPO is entirely an offer for sale (OFS) of 4.32 crore shares, meaning the company will not receive any proceeds from the issue.
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