Vraj Iron and Steel IPO Subscription Status: Vraj Iron and Steel IPO is Open on 26 June, 2024 and Close on 28 June, 2024. Vraj Iron and Steel IPO to Raise 8,260,870 shares (Approx ₹171.00 Cr) via IPO. The Fresh Issue of 8,260,870 shares (Approx ₹171.00 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Vraj Iron and Steel IPO is an Mainline IPO and Listed on NSE & BSE. Vraj Iron and Steel IPO Price Band is Fixed at ₹207 Equity Share. Vraj Iron and Steel IPO Lot Size is 72 Shares.
About Vraj Iron and Steel IPO :
- Vraj Iron and Steel two manufacturing plants are strategically located at Bilaspur and Raipur within the mineral rich State of Chhattisgarhand in close proximity to the mineral belt in eastern India. Our presence in these locations allows us to have easy access to raw materials and end users both which helps us overcome significant entry barriers in comparison with our competitors. Webelievethis lowers our transportation costs and provides us with logistics management and cost benefits,thereby improving our operating margins.
- Our Company has entered into agreementsfor purchase of iron ore lump with NMDC Limited and a fuel-supply agreementsfor purchase of coal with SouthEastern Coalfields Limited enabling smooth flow in production plants. The main advantages of buying raw materials from our existing suppliers are their enormous capacity, which allows them to meet our requirements of raw materials under any circumstance, their reduced lead times and seamless material flow, on-time deliveries and direct line of communication.
Vraj Iron and Steel IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 16,52,174 | 28,74,63,888 | 173.99 |
| Non Institutional Buyers (NIIs) | 12,39,130 | 27,46,68,192 | 221.66 |
| SNII | 8,26,087 | 9,49,96,512 | 229.99 |
| BNII | 4,13,043 | 17,96,71,680 | 217.50 |
| Retail Individual Buyers (RIIs) | 28,91,305 | 16,85,80,080 | 58.31 |
| Anchor Investor | 24,78,259 | 24,78,259 | 1 |
| Total | 57,82,609 | 73,07,12,160 | 126.36 |
Vraj Iron and Steel Subscription Status day-by-day-
| Categories | 26 June | 27 June | 28 June |
|---|---|---|---|
| QIB | 0.60 | 0.97 | 173.99 |
| NII | 3.44 | 34.65 | 221.66 |
| RII | 5.03 | 20.88 | 58.31 |
| Total | 3.43 | 18.14 | 126.36 |
Vraj Iron and Steel Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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