Vraj Iron and Steel Limited, incorporated in June 2004, is a leading manufacturer in the steel industry, producing Sponge Iron, M.S. Billets, and TMT bars under the brand name Vraj. With two major manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering a total area of 52.93 acres, the company has a significant production capacity. As of March 31, 2023, these plants boast a combined installed capacity of 231,600 tons per year. The company’s diverse product range includes Sponge Iron, TMT Bars, MS Billets, and by-products such as Dolochar, Pellets, and Pig Iron, catering to a wide range of industrial customers and end-users. Notably, the Raipur Plant has achieved ISO 14001:2015 certification, demonstrating a commitment to sustainable practices.
The allotment of shares for the Vraj Iron and Steel IPO, worth ₹171.00 Cr, will be finalized on 1st July 2024, and the shares are expected to list on 3rd July 2024. Investors who have applied for the Vraj Iron and Steel public issue can check the Vraj Iron and Steel IPO allotment status today online on the registrar’s official website. Follow the steps provided to verify your allotment status.
Vraj Iron and Steel IPO Dates:
Stay updated with the latest information about Vraj Iron and Steel IPO:
| IPO Activity | Date |
|---|---|
| IPO Open Date | 26th Jun 2024 |
| IPO Close Date | 28th Jun 2024 |
| Basis of Allotment Finalisation Date* |
1st Jul 2024 |
| Refunds Initiation* | 2nd Jul 2024 |
| Credit of Shares to Demat Account* |
2nd Jul 2024 |
| IPO Listing Date* | 3rd Jul 2024 |
* – Tentative Dates
Note: These dates are tentative and subject to change.
How to Check Vraj Iron and Steel IPO Allotment Status:
If you’ve applied for the Vraj Iron and Steel Ltd IPO, you can easily check your Vraj Iron and Steel IPO allotment status today on the Bigshare Services Pvt Ltd website. Follow these steps:
- Visit the Bigshare Services Pvt Ltd website.
- Select “Vraj Iron and Steel Ltd IPO” from the dropdown menu.
- Choose either your Application Number, Demat Account, or PAN to proceed.
- Select your application type as ASBA or non-ASBA.
- Provide the required details based on your selection.
- Complete the Captcha verification.
- Click on the ‘Search’ option to view your allotment status.
Check Vraj Iron and Steel IPO Allotment Status on BSE:
- Navigate to the allotment page on the official BSE website.
- In the ‘Issue Type’ section, select ‘Equity’ and pick “Vraj Iron and Steel Ltd IPO” from the dropdown menu labeled ‘Issue Name.’
- Enter either your PAN or application number.
- Click the ‘Submit’ button to view your allotment status.
Check Vraj Iron and Steel IPO Allotment Status on NSE:
- Go to the NSE official website.
- Choose the ‘Click here to sign up’ option and complete the registration process using your PAN details.
- Enter your username, password, and captcha code.
- Once logged in, navigate to the designated section to check the IPO allotment status.
Allocation Quota for Vraj Iron and Steel Ltd:
| Category of Investors | Allocation of Shares |
|---|---|
| Reservation for Employees | 0 (0%) |
| Anchor Allocation | 24,78,261 (30%) |
| QIB Shares Offered | 16,52,174 (20%) |
| NII (HNI) Shares Offered | 12,39,130 (15%) |
| Retail Shares Offered | 28,91,305 (35%) |
| Total Shares Offered | 82,60,870 |
Data Source: BSE, NSE
Vraj Iron and Steel IPO GMP Today:
The Grey Market Premium (GMP) for Vraj Iron and Steel IPO is a crucial indicator of investor sentiment and potential listing gains. Here is the GMP for recent dates:
| Date | IPO GMP |
|---|---|
| 28 June | ₹90 |
| 27 June | ₹75 |
| 26 June | ₹60 |
| 25 June | ₹50 |
| 24 June | ₹40 |
| 23 June | ₹20 |
| 21 June | ₹20 |
| 20 June | ₹20 |
| 19 June | – |
FAQs:
What is the issue size of Vraj Iron and Steel IPO?
The issue size of Vraj Iron and Steel IPO is ₹171.00 Cr.
When is the allotment date for Vraj Iron and Steel IPO?
The allotment date for Vraj Iron and Steel IPO is 1st July 2024.
How can I check the Vraj Iron and Steel IPO allotment status today?
You can check the Vraj Iron and Steel IPO allotment status today on the Bigshare Services Pvt Ltd registrar portal by entering your PAN, application number, or DP client ID/Demat account number.
When will the shares of Vraj Iron and Steel IPO be listed?
The shares of Vraj Iron and Steel IPO are expected to be listed on 3rd July 2024.
What is the Grey Market Premium (GMP) of Vraj Iron and Steel IPO today?
The GMP of Vraj Iron and Steel IPO today can be checked in the table provided above for recent dates.
Is Vraj Iron and Steel IPO good or bad for investment?
The decision to invest in Vraj Iron and Steel IPO depends on various factors such as your investment goals, risk tolerance, and the IPO’s performance indicators. It’s advisable to read the Vraj Iron and Steel IPO review and analyze the company’s financials before making a decision.
What is the subscription status of Vraj Iron and Steel IPO?
You can check the Vraj Iron and Steel IPO subscription status on the NSE website by navigating to the ‘Market Data’ tab and selecting the Vraj Iron and Steel IPO.
How can I determine if Vraj Iron and Steel IPO is a buy or not?
To determine if Vraj Iron and Steel IPO is a buy or not, consider factors such as the company’s financial health, industry position, IPO pricing, and overall market conditions. Reading detailed IPO reviews and consulting financial advisors can also provide valuable insights.
