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via economictimes.indiatimes.comCapital Markets

Bonfiglioli Transmissions IPO Day 2: GMP at 24% and subscription status

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Bonfiglioli Transmissions IPO entered Day 2 with a 24% GMP and 48% overall subscription on Day 1. The Rs 2,533.66-crore offer for sale is priced at Rs 558-586 per share. Anand Rathi assigned a "Subscribe for Long Term" rating, citing growth in automation despite fully valued…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large offer for sale in an industrial company, with fully valued pricing per one brokerage.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Rs 2,533.66 crore offer for sale is priced at Rs 558-586 per share.
  2. 02Overall subscription was 48% on Day 1, with GMP at 24%.
  3. 03Anand Rathi assigned a "Subscribe for Long Term" rating citing growth in automation.

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