Vraj Iron and Steel IPO Allotment Today: Latest GMP, How to Check Allotment Status Online, and Other Key Details

The initial public offering (IPO) of Vraj Iron and Steel Ltd concluded its bidding period on June 28, and today, July 1, the allotment of shares will be finalized. The IPO saw significant interest from investors, being oversubscribed more than 119 times.

The public issue, valued at ₹171 crore, opened for subscription on June 26 and closed on June 28. The allotment date is today, July 1, and the shares are set to be listed on July 3.

On July 2, the company will credit shares to the demat accounts of successful bidders and initiate refunds to those who were not allotted shares.

Investors can check their allotment status online through the BSE website or the official portal of the IPO registrar, Bigshare Services Pvt Ltd. Here are the steps to check the allotment status:

How to Check Vraj Iron and Steel IPO Allotment Status on BSE

1. Visit the BSE website at this link.
2. Click on ‘Equity’ under the issue type.
3. Select ‘Vraj Iron and Steel Limited’ from the issue name dropdown.
4. Enter your Application number or PAN details.
5. Click on ‘I am not a robot’ and then hit the ‘Search’ button.

Your allotment status will be displayed on the screen.

How to Check Vraj Iron and Steel IPO Allotment Status on Bigshare Services

1. Visit the IPO registrar’s website at this link.
2. Select ‘Vraj Iron and Steel Limited’ from the Company Selection dropdown menu.
3. Choose between Application No, Beneficiary Id, or PAN in the Selection Type.
4. Enter the required details based on your selection.
5. Enter the Captcha and click the Search button.

Your allotment status will be displayed on the screen.

Vraj Iron and Steel IPO Subscription Status

The IPO was subscribed 119.04 times overall, with bids for 73.07 crore equity shares against the 61.38 lakh shares on offer, according to NSE data. The retail category was subscribed 54.93 times, the Qualified Institutional Buyers (QIBs) category 163.90 times, and the Non-Institutional Investors (NII) category 208.81 times.

Vraj Iron and Steel IPO GMP

In the grey market, Vraj Iron and Steel shares are trading at a premium. The grey market premium (GMP) today is ₹75 per share, indicating that the shares are trading ₹75 higher than their issue price. Based on the IPO price and today’s GMP, the estimated listing price is ₹282 per share, a 36.23% premium to the issue price of ₹207 per share.

Vraj Iron and Steel IPO Details

The IPO, which ran from June 26 to June 28, is a book-built issue worth ₹171 crore, consisting entirely of a fresh issue of 83 lakh equity shares. The price band for the IPO was set between ₹195 and ₹207 per share.

The shares will be listed on both the BSE and NSE on July 3. Aryaman Financial Services Ltd is the lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar.