The Vraj Iron and Steel IPO minimum market lot is 72 shares with ₹14,904 application amount. The Vraj Iron and Steel IPO is a Mainline IPO, and it is to be listed on BSE and NSE.
Vraj Iron and Steel is engaged in the manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. They currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. As of March 31, 2023, the aggregate installed capacity of their manufacturing plants was 2,31,600 tons per annum (TPA) (comprising intermediate and final products). They are in the process of increasing the capacities of their existing manufacturing plants and captive power plant, which is expected to increase their aggregate installed capacity (comprising of intermediate and final products) from 2,31,600 TPA to 5,00,100 TPA and captive power plants aggregate installed capacity from 5 MW to 20 MW.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Vraj Iron and Steel IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.65 | 0.97 | 173.99 |
| NII | 3.78 | 34.59 | 221.66 |
| bNII | 2.83 | 29.63 | 217.50 |
| sNII | 5.65 | 44.51 | 229.99 |
| RII | 5.54 | 20.71 | 58.31 |
| Total | 3.77 | 18.04 | 126.36 |
Vraj Iron and Steel IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Vraj Iron and Steel IPO Review
- May Apply
Vraj Iron and Steel IPO Form
How to apply for the Vraj Iron and Steel IPO? You can apply for Vraj Iron and Steel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vraj Iron and Steel IPO in the Invest section. The other option is you can apply for Vraj Iron and Steel IPO via IPO forms downloaded online. Check out the Vraj Iron and Steel forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
