Vraj Iron and Steel IPO
Steel/Iron - Listed on 03 July 2024
Vraj Iron and Steel IPO listing summary
Vraj Iron and Steel (Steel/Iron) closed its IPO window in 2024 and listed on NSE and BSE on 03 July 2024 at an upper band issue price of Rs 207, opening at Rs 240 for a listing gain of +15.9% and closing day one at Rs 252 (+21.7% on closing basis). The IPO was subscribed 119.02x overall - QIB 163.90x, HNI/NII 208.80x, Retail 54.89x. The total issue size was Rs 171 Cr (Fresh Issue Rs 171 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Vraj Iron and Steel IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 37 | +33.82% |
| Day 2 | Rs 50 | +36.23% |
| Day 3 | Rs 60 | +36.23% |
| Day 4 | Rs 70 | +38.65% |
| Day 5 | Rs 80 | +33.82% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Vraj Iron and Steel IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Vraj Iron and Steel IPO - FAQs
What was the listing gain of Vraj Iron and Steel IPO?
Vraj Iron and Steel IPO listed at +15.9% versus the upper issue price of Rs 207 on 03 July 2024.
How many times was Vraj Iron and Steel IPO subscribed?
Vraj Iron and Steel IPO was subscribed 119.02x overall. QIB portion was subscribed 163.90x, HNI / NII 208.80x and Retail 54.89x.
What was the IPO GMP for Vraj Iron and Steel?
IPO GMP started at Rs 37 on Day 1 and moved to Rs 80 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.