Vraj Iron and Steel IPO GMP News: The most awaited bidding of the year is now open and it is open till 28th June, 2024. It basically means that the Vraj Iron and Steel IPO will be open from Wednesday to Friday. The freeloader company of iron maker has set a fixed price on it, which is 195 Rs to 207 Rs per equity share. The company is thinking of setting a goal to raise approximately 171 crore from this starting offer. On the date of the issue opening, It has already started trading in the grey market. According to expertise (stock market analyzers), Vraj Iron and Steel Limited shares will be available at an exclusive rate of 26 per cent in the grey market for today.
Vraj Iron and Steel IPO Subscription Status
By the time of 10.30 am on the very first day of bidding, the book build issue was booked 0.01 times, the retail portion of the public issue was actually booked 0.01 times however the NII portion got booked or we can say subscribed 0 times.
Important Vraj Iron and Steel IPO details
1] Vraj Iron and Steel IPO GMP: The shares of the freeloader of the company of iron manufacturing, the prices are available at an exclusive rate of 54 rs in the grey market.
2] Vraj Iron and Steel IPO price: The company has set a fixed amount on the very starting offer at 195 rs to 207 rs per equity share.
3] Vraj Iron and Steel IPO date: The book issue that has opened today will remain open until 28 June 2024.
4] Vraj Iron and Steel IPO size: The company is aiming to generate 171 crore from this fully fresh issue.
5] Vraj Iron and Steel IPO investment limit: A bidder will be requiring at least ₹14,904 ( ₹207 x 72) to apply for the issue.
Vraj Iron and Steel IPO GMP Review
Giving a ‘buy in’ tag to the mainboard issue, Insignia Speculation said, “Vraj Iron and Steel brags a record steady monetary execution throughout recent years, with a solid spotlight on benefit. In any case, a few key dangers require cautious thought. The organization’s assembling offices are moved to a solitary district and need long-haul client contracts. Moreover, the steel business is profoundly serious, and Vraj Iron and Steel is powerless to supply interruptions and unrefined substance cost variances. Regardless of these dangers, the Initial public offering’s P/E valuation of 9.48x seems sensible. Taking into account the potential for long-haul development and the chance of unobtrusive posting gains, we prescribe a buy-in rating to this Initial public offering.”
Allied Blenders and Distillers IPO GMP subscription status: On the principal day of offering on Tuesday, June 25, Allied Blenders and Distillers Ltd, the organization that goes with Official’s Decision Whisky, got off to a gradual beginning. Allied Blenders Initial public offering membership status was 51% toward the finish of day 1. The issue gave off an impression of being cruising gradually through its most memorable day, with the representative piece completely reserved and the retail and non-institutional financial backer part in the end showing interest.
FAQ
Is Vraj Iron IPO good?
Investigators at business firm SMIFS Ltd. have prescribed a ‘Buy into’ the issue, as a decent long haul venture, as the arranged limit extensions and decrease of obligation are supposed to drive future benefit.
How true is GMP for IPO?
There can’t be any assurance that the Grey Market Premium will precisely foresee the posting cost.
What is GMP in case of IPO?
Grey market premium or GMP is an exceptional sum paid at which the first sale of stock (Initial public offering) shares are exchanged before it is recorded on the stock trades.
