Vraj Iron and Steel IPO GMP has been doing rather well, much to investors’ relief. They have put in a lot of money into the issue and would be expecting to make good profit in return for their effort. However, for now, the markets are in very good spirits and the same effect has rubbed off onto the primary issues like Vraj Iron and Steel IPO. This Chhattisgarh-based iron and steel manufacturing company has seen its subscription rising daily thereby indicating their strong belief in the company’s growth prospects and business model. That will likely translate into substantial profit either on Vraj Iron and Steel IPO listing day as well as for investors who hold the stock for the long-term. Vraj Iron and Steel IPO subscription last date is today June 28.
Vraj Iron and Steel subscription status
Vraj Iron and Steel subscription status by late morning reached over 26.49 times with the retail investors portion heading high at 27 times, the NII portion at 59.19 times, and the QIB segment just 0.93x.
Vraj Iron and Steel IPO GMP today
Vraj Iron and Steel IPO GMP today has jumped a lot and is now at Rs 90, as per the latest update by investorgain. The price band of Rs 207 (upper limit), shows that Vraj Iron and Steel IPO listing may happen at Rs 297 and the expected, or potential, gains may be just be 43.48 per cent. Do note that the grey market numbers have no official sanction.
Also, investors should note that Vraj Iron and Steel shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Vraj Iron and Steel IPO allotment date
All those who get lucky in the bidding process should know that the Vraj Iron and Steel IPO allotment date is Monday, July 1 and the same can be easily checked on the registrar’s website.
Vraj Iron and Steel IPO Details
1. Vraj Iron and Steel IPO Issue Size is 82.60 lakh (fresh issue).
2. Vraj Iron and Steel IPO aims to raise nearly Rs 171 crore.
3. Vraj Iron and Steel IPO Listing Date is Wednesday, July 3.
4. Vraj Iron and Steel IPO price band: Rs 195 to Rs 207.
5. Retail investors can bid for a minimum of 72 shares in a single lot.
6. Vraj Iron and Steel IPO Qualified Institutional Buyers’ (QIBs) portion is 50 per cent of the total IPO issue size.
7. Vraj Iron and Steel IPO Non Institutional Investors’ (NII) portion is 15 per cent.
8. Vraj Iron and Steel IPO retail investors portion is 35%.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
You can check Vraj Iron and Steel IPO GMP today as well as the subscription status, allotment date, listing date and much more. Vraj Iron subscription last day is today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
