Vraj Iron and Steel Limited, a leading player in the steel industry, is all set to launch its IPO, offering a variety of goods to both industrial and end-user markets. Under the Vraj brand, the company produces M.S. Billets, TMT bars, and sponge iron, catering to the growing demand in the market.
The IPO price range for Vraj Iron and Steel is set at ₹195 to ₹207 per share, making it an attractive investment opportunity for interested investors. The minimum lot size for applications is 72 shares, with retail investors required to invest a minimum of ₹14,904 to qualify.
The subscription period for the Vraj Iron and Steel IPO begins on June 26, 2024, and ends on June 28, 2024, with the allotment expected to be completed on Monday, July 1. The tentative listing date for the IPO on the BSE and NSE is set on Wednesday, July 3, 2024.
Vraj Iron and Steel Limited has shown impressive performance, with its profit after tax (PAT) increasing by 88.12% and revenue by 24.87% between March 31, 2022, and March 31, 2023. The registrar of the IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Aryaman Financial Services Limited.
Investors are advised to consult their financial advisors before making any investment decisions, as the above information is for informational purposes only. Stay tuned for more updates on Vraj Iron and Steel Limited’s IPO as it hits the market.
