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    5. VRAJ

    Vraj Iron and Steel Limited

    CLOSED

    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

    View IPO Document

    Schedule of Vraj Iron and Steel Limited

    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

    Issue size

    Funds Raised in the IPOAmount
    Overall Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date1 Jul 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    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.

    DateIpo PriceGMPEstimated 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%)

    Performance Vraj Iron and Steel Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹195 to ₹207 per share₹ 729 (21.74%) ₹ 181.29-12.42%

    About Vraj Iron and Steel Limited

    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 in2004
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)173.99
        Non-Institutional Investors (NIIs)221.66
        Retail Individual Investors (RIIs)58.31
        EmployeeN/A
        Total126.36