Check out Vraj Iron and Steel IPO GMP (Grey Market Premium), Kostak rates, and Subject to Sauda rates as of today.
Key Information:
IPO Open Date: June 18
IPO Type: Mainline IPO
IPO Size: ₹171 crores
Price Band: ₹195 to ₹207 per share
Market Lot: 72 shares
Company Overview:
Vraj Iron and Steel is engaged in manufacturing Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. They operate two manufacturing plants located in Raipur and Bilaspur, Chhattisgarh, spread across 52.93 acres. As of March 31, 2023, their plants have an aggregate installed capacity of 2,31,600 tons per annum (TPA).
Read Also: Vraj Iron and Steel IPO Date, Price, GMP, Review, Details
GMP Update:
Last GMP: ₹75 (as of June 30, 2024, 06:32 PM)
Estimated Listing Price: ₹282 (cap price + today’s GMP)
Expected Percentage Gain/Loss per Share: 36.23%
Subject to Sauda Rates:
Retail: ₹4100
Small HNI: ₹57400
GMP is updated daily. Based on the last 12 sessions, the grey market activities are trending upwards, indicating a strong listing. The GMP has fluctuated between a low of ₹20 and a high of ₹90. Stay with us for daily updates on the Vraj Iron and Steel IPO GMP and expected listing price.
Note: The GMP prices provided are based on news from the grey market. We do not trade or deal in the grey market or subject to rates (sub2), nor do we recommend trading in the grey market.
Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 30-06-2024 | 207 | ₹75 | 4100/57400 | ₹282 (36.23%) |
| 29-06-2024 | 207 | ₹75 | 4100/57400 | ₹282 (36.23%) |
| 28-06-2024 | 207 | ₹75 | 4100/57400 | ₹282 (36.23%) |
| 27-06-2024 | 207 | ₹90 | 4900/68600 | ₹297 (43.48%) |
| 26-06-2024 | 207 | ₹85 | 4700/65800 | ₹292 (41.06%) |
| 25-06-2024 | 207 | ₹75 | 4100/57400 | ₹282 (36.23%) |
| 24-06-2024 | 207 | ₹53 | 2900/40600 | ₹260 (25.6%) |
| 23-06-2024 | 207 | ₹40 | 2200/30800 | ₹247 (19.32%) |
| 22-06-2024 | 207 | ₹40 | 2200/30800 | ₹247 (19.32%) |
| 21-06-2024 | 207 | ₹20 | 1100/15400 | ₹227 (9.66%) |
| 20-06-2024 | 207 | ₹20 | 1100/15400 | ₹227 (9.66%) |
The grey market premium (GMP) is the price at which an IPO is traded in an unofficial/unregulated grey market prior to its listing. The GMP indicates how the IPO might react on the listing day. A positive GMP suggests a likely profit, while a negative GMP suggests a possible discount.
Caution: IPO GMP is highly volatile. Making investment decisions solely based on Vraj Iron and Steel IPO GMP is risky. Therefore, consider all factors before deciding whether to invest in Vraj Iron and Steel IPO.
Vraj Iron and Steel IPO Dates
Stay updated with the latest information on the Vraj Iron and Steel IPO. Dates will be updated as they are announced.
| IPO Activity | Date |
| IPO Open Date | 26-06-2024 |
| IPO Close Date | 28-06-2024 |
| Basis of Allotment Finalisation Date* | 01-07-2024 |
| Refunds Initiation* | 02-07-2024 |
| Credit of Shares to Demat Account* | 02-07-2024 |
| IPO Listing Date* | 03-07-2024 |
DISCLAIMER:
None of the financial information published herein should be interpreted as an offer to buy or sell securities or as financial advice of any kind. All information presented here is for educational and informational purposes only and should not be considered as a basis for making investment decisions under any circumstances. Readers are strongly advised to seek advice from a qualified financial advisor before making any investment decisions based on the information provided here.
Any reader who chooses to act on the information published herein does so at their own risk. It is important for investors to understand that investments in equity markets carry inherent risks that are subject to market fluctuations and uncertainties. The author of this content does not intend to invest in the offering discussed.
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