Vraj Iron and Steel IPO fully subscribed on Day 1—check out price band, lot size and other details

Vraj Iron and Steel IPO: The IPO of Vraj Iron and Steel opened for subscription today, June 26. The issue will be open for subscription for three trading days, i.e., until Friday, June 28 from 10 am to 5 pm. Vraj Iron and Steel IPO is a book-built issue of Rs 171 crore and is entirely a fresh issue of 0.83 crore share.

Vraj Iron and Steel IPO subscription status

According to provisional exchange data, Vraj Iron and Steel IPO's share sale received bids for 2,12,27,976  shares against 61,38,462 shares on offer, translating into a subscription of 3.46 times on Wednesday so far, the first day of the bidding process.

Here are important things to know about the Vraj Iron and Steel IPO:

Vraj Iron and Steel IPO allotment date

The basis of the allotment of shares under the IPO of Vraj Iron and Steel is set to be finalised on Monday, July 1. 

Vraj Iron and Steel IPO listing date

The Vraj Iron and Steel IPO stock is likely to be listed in the secondary market on Wednesday, July 3. The stock will be traded on the bourses, BSE and NSE.

Vraj Iron and Steel IPO: Price band, Lot size 

Vraj Iron and Steel IPO price band is set at Rs 195 to Rs 207 per share. The minimum lot size for an application is 72 shares. The minimum amount of investment required by retail investors is Rs 14,904.

Vraj Iron and Steel IPO: Book running lead manager

Aryaman Financial Services Limited is the book-running lead manager of the Vraj Iron and Steel IPO, while Bigshare Services is the registrar for the issue.

What does Vraj Iron and Steel do?

Incorporated in 2004, Vraj Iron and Steel Limited 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. 

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