Vraj Iron and Steel IPO: Check Allotment Status And Listing Date
Vraj Iron and Steel IPO became the 6th most subscribed issue of 2024 with an overall subscription of 119.04 times.
Vraj Iron and Steel IPO recieved a remarkable response from the investors with an overall subscription of 119.04 times on the last day of bidding for the issue. The subscription was led by non-institutional investors who subscribed to the issue 208.81 times, followed by institutional investors who subscribed to the issue 163.90 times. Retail investors subscription stood at 54.93 times as of 7 PM on Friday.
The company, which manufactures sponge iron, MS billets and TMT bars, had set a price band of Rs 195-207 per share of a face value of Rs 10. It is offering approximately 82.6 lakh shares valued at Rs 171 crore on the upper price band of the issue. There is no offer-for-sale. The minimum lot size for retail investors is 72 shares, requiring an investment of at least Rs 14,904. For small non-institutional investors, the minimum lot size is 14, amounting to Rs 2.08 lakh. The minimum lot size for big non-institutional investors is 68, which amounts to over Rs 10 lakh, according to the red herring prospectus.
Vraj Iron and Steel IPO Allotment Date
The allotment for Vraj Iron and Steel IPO will be finalised on Monday, July 1.
Investors who bid for the IPO can check the Vraj Iron and Steel IPO allotment status on Bigshare Services Pvt Ltd and BSE.
How to check Vraj Iron and Steel IPO allotment status on Bigshare Services?
Visit the official website of Bigshare Services here: https://www.bigshareonline.com/ipo_Allotment.html
Select any one server to check your IPO Allotment Status.
Choose "Vraj Iron and Steel Limited" from the list of companies.
In the Selection Type dropdown, choose Application number, Beneficiary ID, or PAN ID.
Enter the required information, that could be your application number, PAN (Permanent Account Number), or Beneficiary ID.
Complete the 'captcha' to verify that you are not a robot.
Finally, click the "Search" button to check your allotment status.
How to check Vraj Iron and Steel IPO allotment status on BSE?
Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx
Select the issue type as 'Equity.'
Choose "Vraj Iron and Steel Limited" from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the "Search" button to view your allotment status.
Download or print the allotment status for your records.
Vraj Iron and Steel IPO Listing Date
Vraj Iron and Steel Limited shares will list on BSE and NSE on Wednesday, July 3.
Vraj Iron and Steel IPO Important Dates
IPO Open Date: Wednesday, June 26
IPO Close Date: Friday, June 28
Basis of Allotment: Monday, July 1
Initiation of Refunds: Tuesday, July 2
Credit of Shares to Demat: Tuesday, July 2
Listing Date: Wednesday, July 3
About Vraj Iron and Steel Limited
Vraj Iron and Steel Ltd., established in June 2004, manufactures sponge iron, MS billets, and TMT bars, marketed under the Vraj brand. The company operates two manufacturing plants located in Raipur and Bilaspur, Chhattisgarh, spread across 52.93 acres. As of March 31, 2023, these plants have a combined installed capacity of 231,600 tonne per year, encompassing both intermediate and final products. The production capacity includes 57,600 tonnes per annum of MS billets, which the company’s rolling mills utilise to produce TMT bars with a capacity of 54,000 tonnes per annum. Vraj Iron and Steel's product range also includes by-products such as dolochar, pellets, and pig iron, serving a diverse clientele comprising industrial customers and end-users.
