Vraj Iron and Steel Allotment Status

The subscription for Vraj Iron and Steel IPO allotment opened on June 26, 2024 and will close on June 28, 2024. The allotment is expected to be finalized on Monday, July 1, 2024. The minimum amount of investment required by retail investors amounts to Rs 14,904 while the minimum lot size investment for sNII is 14 lots (1008 shares) amounting to Rs 2,08,656, and for bNII is 68 lots (4,896 shares), costing Rs 10,13,472. The price band for Vraj Iron and Steel IPO has been set in between Rs 195 to Rs Rs 207 per share. The IPO will be listed on BSE, NSE with a tentative listing date fixed as Wednesday, July 3, 2024.
 

How to Check IPO Allotment Status? 

To check the Vraj Iron and Steel IPO allotment status:

• Visit the NSE website.
• Choose 'Equity' under the Issue Type.
• Select ‘Vraj Iron and Steel' from the dropdown menu.
• Enter your Application Number or PAN.
• Complete the captcha verification by clicking on 'I am not a Robot', then click 'Submit'.
   

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To check the Vraj Iron and Steel allotment status on the Link Intime India website, follow these steps

• Step 1: Visit the IPO registrar's website, Link Intime India.
• Step 2: From the Select Company dropdown menu, choose 'Vraj Iron and Steel’.
• Step 3: Select your preferred identification option from PAN, Application Number, DP/Client ID, or 
• Account Number/IFSC.
• Step 4: Enter the corresponding details based on your selection.
• Step 5: Click on the 'Submit' button.

Your Vraj Iron and Steel allotment status will then be displayed on the screen.
 

Vraj Iron and Steel Allotment IPO Details 

Vraj Iron and Steel Allotment IPO Timeline (Tentative Schedule) 

Vraj Iron and Steel IPO opens on June 26 2024, and closes on June 28, 2024.

About Vraj Iron and Steel Limited

Vraj Iron and Steel Limited was incorporated in the year 2004 and is in the business of manufacturing sponge iron, MS billets, and TMT bars under the brand Vraj. It runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh that covers 52.93 acres. The company has a production capacity of 57,600 trillion per annum of MS Billets, which its rolling mills can use to manufacture TMT Bars with a production capacity of 54,000 trillion per annum. The company's portfolio consists of sponge irons, TMT bars, MS billets, and by-products dolochar, pellets, and pig iron, which cater to a mix of industrial customers and end-users.
 

Financial Information Vraj Iron and Steel Allotment (Restated Consolidated) 

Vraj Iron and Steel Limited's revenue surged by 24.87% and profit after tax (PAT) surged by % between the financial year ending March 31, 2022 to March 31, 2023.