New Delhi: Vraj Iron and Steel’s Initial Public Offer (IPO) opened for subscription on Wednesday, June 26, 2024 and would conclude on June 28. Now, check Vraj Iron and Steel IPO GMP today, subscription, allotment, listing dates, price band and much more. Notably, by 10:30 am on Wednesday, Vraj Iron and Steel subscription status reached 33 per cent of its total issue size of Rs 171 crore. While, retail investors’ subscription status stood at 57 per cent. And Non-Institutional Investors’ (NIIs) subscription status stood at 23 per cent.
Vraj Iron and Steel IPO GMP today
According to ‘IPOWatch’, Vraj Iron and Steel IPO GMP today stood at Rs 60. Considering upper limit of the price band of Rs 195 to Rs 207 and the current grey market premium, Vraj Iron and Steel IPO listing gains of 29 per cent is indicative. Albeit, GMP cannot be considered as an official number.
Vraj Iron and Steel IPO Anchor Investors Details
On Tuesday, June 25, 2024, Vraj Iron and Steel Limited raised Rs 51 crore from anchor investors. The Chhattisgarh-based leading iron and steel manufacturing company had allotted 24.78 lakh equity shares to six anchor investors at Rs 207 apiece in the anchor investing round.
Vraj Iron and Steel IPO Details
The shares of the company will be listed on the NSE and BSE. Retail investors can bid for a minimum of 72 shares in a single lot. Vraj Iron and Steel IPO price band is set at Rs 195 to Rs 207. For one single lot, investors will have to invest a minimum amount of Rs 14,040. While, the maximum investment limit is set at Rs 2 lakh for such investors.
Vraj Iron and Steel IPO Expected Listing Date
The stocks of the iron and steel manufacturing company are expected to be listed on the NSE and BSE on Wednesday, July 3, 2024. While, Vraj Iron and Steel IPO expected allotment date is Monday, July 1, 2024.
Vraj Iron and Steel IPO Issue Structure
Vraj Iron and Steel IPO Qualified Institutional Buyers’ (QIBs) reservation portion comprises 50 per cent of the total IPO issue size. While, Vraj Iron and Steel IPO Non Institutional Investors’ (NII) reservation has been kept at 15 per cent of the total IPO issue size. And, Vraj Iron and Steel IPO retail investors reservation has been kept at 35 per cent.
Vraj Iron and Steel IPO Issue Size
The stake sale process is entirely a fresh equity issue of 82.60 lakh shares. The company aims to raise nearly Rs 171 crore through the IPO. Promoters don’t intend to sale any stake in the company. Hence, Vraj Iron and Steel IPO doesn’t comprise any Offer For Sale (OFS).
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Vraj Iron and Steel IPO opens today: It is a Rs 171 crore IPO. Now, check Vraj Iron and Steel IPO GMP today and subscription, allotment, listing dates, price band. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
