Vraj Iron & Steel Ltd. News and Updates

Name: Latest research reports of Vraj Iron & Steel Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Vraj Iron & Steel Ltd.
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Author: KRChoksey

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Vraj Iron & Steel Ltd.

28 Jun 2024

159.02

3.58%

Investor subscribe Vraj Iron IPO 119 times of offer size on last day

Business Standard

The initial public offer of Vraj Iron and Steel got subscribed 119 times on the last day of bidding on Friday helped by heavy participation from institutional investors. The Rs 171-crore initial share sale received bids for 73,07,13,312 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received a whopping 208.81 times subscription, while Qualified Institutional Buyers (QIBs) part got subscribed 163.90 times. The category for Retail Individual Investors (RIIs) fetched 54.93 times subscription. Vraj Iron and Steel on Tuesday said it raised a little over Rs 51 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares were available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility in Chhattisgarh and general corporate purposes. Raipur-based Vraj Iron and Steel is into

Vraj Iron & Steel Ltd. has lost -30.70% in the last 3 Months

Vraj Iron & Steel Ltd.

27 Jun 2024

159.02

3.58%

Vraj Iron and Steel's Rs 171 cr IPO subscribed 16.9 times on Day 2 of offer

Business Standard

The initial public offer of Vraj Iron and Steel got subscribed 16.90 times on the second day of bidding on Thursday. The Rs 171-crore initial share sale received bids for 10,37,65,824 shares against 61,38,462 shares on offer, as per NSE data. The quota for non-institutional investors received 32.51 times subscription while Retail Individual Investors (RIIs) portion got subscribed 19.35 times. The category for Qualified Institutional Buyers (QIBs) fetched 91 per cent subscription. Vraj Iron and Steel on Tuesday said it raised a little over Rs 51 crore from anchor investors. The IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility in Chhattisgarh and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mid Steel) billets, and TMT (

Vraj Iron & Steel Ltd. has lost -30.70% in the last 3 Months

Vraj Iron & Steel Ltd.

27 Jun 2024

159.02

3.58%

IPO Note

IPO Subscribe: Vraj Iron & Steel Ltd.

KRChoksey

Vraj Iron and Steel Limited specializes in the production of Sponge Iron, M.S. Billets, and TMT bars under the Vraj brand. The company operates two manufacturing facilities spanning 52.93 acres in Raipur and Bilaspur, Chhattisgarh.

Vraj Iron & Steel Ltd. is trading below all available SMAs

Vraj Iron & Steel Ltd.

26 Jun 2024

159.02

3.58%

Investors subscribe Vraj Iron IPO 3.46 times offer size on day 1 of bidding

Business Standard

The initial public offering (IPO) of Vraj Iron and Steel received 3.46 times subscription on the first day of share sale on Wednesday. The Rs 171-crore initial share sale received bids for 2,12,27,976 shares against 61,38,462 shares on offer, according to NSE data. The portion for retail individual investors (RIIs) garnered 5.05 times subscription while the category for non-institutional investors got subscribed 3.53 times. The qualified institutional buyers (QIBs) quota received 61 per cent subscription. Vraj Iron and Steel on Tuesday said it has raised a little over Rs 51 crore from anchor investors. The Rs 171-crore IPO is entirely a fresh issue of equity shares with no offer-for-sale component. Shares will be available for public subscription in the range of Rs 195 to Rs 207 per scrip. The company will use the IPO proceeds for expansion projects at the Bilaspur facility and general corporate purposes. Raipur-based Vraj Iron and Steel is into manufacturing sponge iron, MS (Mi