Vraj Iron’s IPO subscribe 18.14 times in two days: Retail category filled 20.88 times, today the last day of Binding

Today is the last day of Vraj Iron and Steel’s Initial Public Offer i.e. IPO subscription. In two days, this issue total was 18.14 times subscribed. In retail category, this IPO was 20.88 times, 0.97 times in qualified institutional buyers (QIB) and 34.65 times subscribed in non-institutional investors (NII) category. ) And there will be list on Bombay Stock Exchange (BSE). Through this IPO, the company wants to raise ₹ 171 crore. For this, Vraj Iron and Steel is issuing 8,260,870 fresh share of ₹ 171 crore. This is a completely fresh IPO, in which the company’s current investors and promoters are not selling a single shares through the offer for sale.

Maximum can bid for 936 shares Retail Investor Iron and Steel Limited The price band of this issue has been fixed ₹ 195- ₹ 207. Retail investors can do bidding for minimum for 72 shares. If you apply for 1 lot for 1 lot at the rate of ₹ 207 of IPO, then ₹ 14,904 will have to be invested.

At the same time, maximum 13 lots i. Can For this, investors will have to spend ₹ 193,752 according to the upper prize band.

Vraj Iron and Steel premium in the gray market will have to spend 43.48% IPO before it is open, the company’s stock in the gray market is 43.48% i.e. ₹ 90 Has reached a premium per share. In such a situation, its listing can be at ₹ 297 by the upper price band ₹ 207. Although only this can be estimated from this, the price of the share list is different from the price of the gray market.

35% of the issue for retail investors 50% of the reservoir issue for retail investors qualified institutional buyers ( QIB) has been reserved for. Apart from this, about 35% of the retail investors and the remaining 15% of the remaining are reserved for non-institutional investors (NII). If it is released, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.