Vraj Iron and Steel IPO Skyrockets with 119x subscription in 3 Days

Vraj Iron and Steel IPO reached a 119.04x subscription on Day 1, with QIBs at 163.90x, NII at 208.81x, and RII at 54.93x, showing robust market enthusiasm.
Vraj Iron and Steel IPO Skyrockets with 119x subscription in 3 Days

Vraj Iron and Steel IPO experienced remarkable investor interest on Day 1, achieving a total subscription rate of 119.04 times. The breakdown shows QIBs at 163.90 times, NII at 208.81 times, and RII at 54.93 times, reflecting strong market confidence across all investor categories.

How To Check Vraj Iron and Steel Limited IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Vraj Iron and Steel Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Vraj Iron and Steel IPO Allotment Status

The allotment date for the Vraj Iron and Steel IPO is set for July 1, 2024, with shares priced at a range of ₹195 to ₹207 per share and a face value of ₹ 10. The offering consists of lots of 72 shares, with bids accepted for these lots or their multiples. 

Vraj Iron and Steel IPO Subscription Status

Vraj Iron and Steel IPO reached a total subscription of 16.90 times by Day 2, with Non-Institutional Investors leading at 32.51 times, followed by Retail Individual Investors at 19.35 times, and QIBs at 0.91 times.

Vraj Iron and Steel Limited IPO Listing Date 

Vraj Iron and Steel IPO is expected to be listed on the NSE SME on July 3, 2024.

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