IPO Date: 26 Jun - 28 Jun 2024
Listing Date: 3 Jul 2024
Price Range
₹195 to ₹207 per share
Issue Size
Cr
Min Investment
₹14,040
Lot Size
72 Shares
Issue open date
26 Jun 2024
Issue close date
28 Jun 2024
UPI mandate deadline
28 Jun 2024 (5 PM)
Allotment finalization
1 Jul 2024
Share credit
2 Jul 2024
Listing date
3 Jul 2024
Mandate end date
13 Jul 2024
Funds Raised in the IPO | Amount |
---|---|
Overall | Cr |
Fresh Issue | 0 Cr |
Offer for Sale | 0 Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 1 Jul 2024 |
Allotment Link | {Link} |
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
Date | Ipo Price | GMP | Estimated Listing Price |
---|---|---|---|
3 Jul 2024 | ₹207 | ₹50 | ₹257 (24.15%) |
2 Jul 2024 | ₹207 | ₹50 | ₹257 (24.15%) |
1 Jul 2024 | ₹207 | ₹67 | ₹274 (32.37%) |
30 Jun 2024 | ₹207 | ₹75 | ₹282 (36.23%) |
29 Jun 2024 | ₹207 | ₹75 | ₹282 (36.23%) |
28 Jun 2024 | ₹207 | ₹75 | ₹282 (36.23%) |
27 Jun 2024 | ₹207 | ₹90 | ₹297 (43.48%) |
26 Jun 2024 | ₹207 | ₹85 | ₹292 (41.06%) |
25 Jun 2024 | ₹207 | ₹75 | ₹282 (36.23%) |
24 Jun 2024 | ₹207 | ₹53 | ₹260 (25.6%) |
23 Jun 2024 | ₹207 | ₹40 | ₹247 (19.32%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹195 to ₹207 per share | ₹ 729 (21.74%) | ₹ 181.29 | -12.42% |
Vraj Iron and Steel Limited was incorporated in June 2004. The company manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. The company runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of March 31, 2023, the total installed capacity of the manufacturing plants was 231,600 tons per year, including intermediate and final products. The company currently has a production capacity of 57,600 TPA of MS Billets, which its rolling mills can use to manufacture TMT Bars with a production capacity of 54,000 TPA. The company's product portfolio comprises offerings such as Sponge Irons, TMT Bars, MS Billets, and by-products Dolochar, Pellets, and Pig Iron, which cater to a mix of industrial customers and end-users. The Raipur Plant has achieved the Environmental Management System Certification under the new ISO 14001:2015 standard. As of June 30, 2023, the company has a workforce of 533, including 298 permanent employees, 7 at the Registered Office, 200 at the Raipur Plant, 87 at the Bilaspur Plant, and 235 contract workers.
Founded in | 2004 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 173.99 |
Non-Institutional Investors (NIIs) | 221.66 |
Retail Individual Investors (RIIs) | 58.31 |
Employee | N/A |
Total | 126.36 |