The Vraj Iron and Steel IPO is a book-built issuance for Rs 171.00 crore. The offering is wholly new, consisting of 0.83 crore shares.
The Vraj Iron and Steel IPO will be open for subscription on June 26, 2024 and end on June 28, 2024. The allotment for the Vraj Iron and Steel IPO is expected to be completed on Monday, July 1, 2024. Vraj Iron and Steel’s IPO will be listed on the BSE and NSE, with a tentative listing date of Wednesday, July 3, 2024.
Vraj Iron and Steel’s IPO price ranges from Rs 195 to Rs 207 per share. The minimum lot size for an application is 72 shares. The minimum investment for retail investors is Rs 14,904. The minimum lot size investment for sNII is 14 lots (1,008 shares) for Rs 208,656, while bNII requires 68 lots (4,896 shares) worth Rs 1,013,472.
Vraj Iron and Steel IPO Details
| IPO Date | June 26, 2024 to June 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹195 to ₹207 per share |
| Lot Size | 72 Shares |
| Total Issue Size | 8,260,870 shares (aggregating up to ₹171.00 Cr) |
| Fresh Issue | 8,260,870 shares (aggregating up to ₹171.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 24,721,750 |
| Share holding post issue | 32,982,620 |
Vraj Iron and Steel IPO Timeline
| IPO Open Date | Wednesday, June 26, 2024 |
| IPO Close Date | Friday, June 28, 2024 |
| Basis of Allotment | Monday, July 1, 2024 |
| Initiation of Refunds | Tuesday, July 2, 2024 |
| Credit of Shares to Demat | Tuesday, July 2, 2024 |
| Listing Date | Wednesday, July 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 28, 2024 |
Vraj Iron and Steel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | Rs 14,904 |
| Retail (Max) | 13 | 936 | Rs 193,752 |
| S-HNI (Min) | 14 | 1,008 | Rs 208,656 |
| S-HNI (Max) | 67 | 4,824 | Rs 998,568 |
| B-HNI (Min) | 68 | 4,896 | Rs 1,013,472 |
