Vraj Iron and Steel Limited IPO
Vraj Iron and Steel Limited was a mainboard IPO in the Sponge Iron sector, offered at ₹195–₹207 per share to raise ₹171 crore. The issue was subscribed 119.04× overall (QIBs 163.9×, NIIs 208.81×, retail 54.93×). It listed on 3 Jul 2024 at ₹240 and closed its first day at ₹252, a listing gain of +21.7% versus the ₹207 issue price. It now trades around ₹121 (-41.4% versus the issue price).
Frequently asked questions
- How many times was the Vraj Iron and Steel Limited IPO subscribed?
- The Vraj Iron and Steel Limited IPO was subscribed 119.04× overall — 163.9× in the QIB category, 208.81× among non-institutional investors, 54.93× in retail.
- What were the Vraj Iron and Steel Limited IPO listing gains?
- Vraj Iron and Steel Limited listed on 3 Jul 2024 at ₹240, closing its first day at ₹252 — a listing gain of +21.7% versus the ₹207 issue price.
- What were the retail allotment odds for the Vraj Iron and Steel Limited IPO?
- Retail was subscribed 54.93×, so a single-lot application had roughly a 1.8% chance of allotment (about 1 in 55), and allotment was finalised on 1 Jul 2024.
- What was the price band and lot size of the Vraj Iron and Steel Limited IPO?
- The price band was ₹195–₹207 per share, with a minimum lot of 72 shares (₹14,904 at the upper band).
- Who were the registrar and lead manager for the Vraj Iron and Steel Limited IPO?
- Bigshare Services Private Limited was the registrar, and Aryaman was the book-running lead manager.