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Bonfiglioli Transmissions IPO Day 3: GMP at 22%, issue subscribed 99%; Should you apply?

Bonfiglioli Transmissions IPO Day 3: GMP at 22%, issue subscribed 99%; Should you apply?

Bonfiglioli Transmissions' Rs 2,534-crore IPO entered its final day with a grey market premium of 22%. The IPO is entirely an offer for sale, with no proceeds going to the company.

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