Vraj Iron and Steel IPO Allotment Announced: Easy Steps to Check Your Status and Key Details
The allotment for the Vraj Iron and Steel IPO has been finalized today, July 1. This IPO, which closed on June 28, received a lot of interest, being booked over 119 times.
Key Dates:
- Allotment Date: July 1
- Listing Date: July 3
- Shares Credited to Demat Accounts: July 2
- Refunds to Unsuccessful Investors: July 2
How to Check Your Vraj Iron and Steel IPO Allotment Status:
On BSE Website:
- Visit the BSE link: BSE Allotment Status.
- Select ‘Equity’ in the issue type.
- Choose ‘Vraj Iron and Steel Limited’ in the issue name.
- Enter your application number or PAN details.
- Complete the captcha and click ‘Search’.
On Bigshare Services Website:
- Visit Bigshare Allotment Status.
- Select ‘Vraj Iron and Steel Limited’ from the dropdown menu.
- Choose the option to search by Application No, Beneficiary ID, or PAN.
- Enter the required details and the captcha.
- Click ‘Search’.
IPO Subscription Details:
- Total subscription: 119.04 times
- Retail Category: 54.93 times
- Qualified Institutional Buyers (QIBs): 163.90 times
- Non-Institutional Investors (NII): 208.81 times
Current Grey Market Premium (GMP): Vraj Iron and Steel shares are trading at a ₹75 premium in the grey market, suggesting an estimated listing price of ₹282 per share, which is 36.23% higher than the issue price of ₹207 per share.
IPO Overview:
- Issue Size: ₹171 crore
- Price Band: ₹195 to ₹207 per share
- Equity Shares Offered: 83 lakh (entirely fresh issue)
- Lead Manager: Aryaman Financial Services Ltd
- Registrar: Bigshare Services Pvt Ltd
About the Company: Vraj Iron and Steel Ltd produces Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. They operate two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, with a total capacity of 231,600 tons per year as of March 31, 2023.
Investors’ Response: The IPO was highly popular, with strong demand from all investor categories. The shares will be listed on both the BSE and NSE on July 3.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
