ListedMainboardVRAJ

Vraj Iron and Steel Limited

Vraj Iron and Steel Limited is a mainboard IPO raising ₹171 Cr at ₹195 – ₹207 a share. It listed on 3 Jul 2024 and trades at ₹126 today, −39.1% against its issue price of ₹207. It was subscribed 119× in total.

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₹207

Issue price

₹126

Price now

−39.1%

Since issue price

3 Jul 2024

Listed on

119×Subscribed (final) · all exchanges

119.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor category	Shares offered	Shares bid for	Subscribed
QIB Banks, funds and other large institutions	17,53,846	28,74,63,888	164×
Foreign Institutional Investors	no separate quota	6,69,46,608	n/a
Domestic Financial Institutions	no separate quota	12,38,56,992	n/a
Mutual funds	no separate quota	6,912	n/a
Others	no separate quota	9,66,53,376	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	13,15,385	27,46,68,192	209×
Non Institutional Investors	8,76,924	17,96,71,680	205×
Corporates	no separate quota	22,26,456	n/a
Individuals	no separate quota	16,16,87,160	n/a
Others	no separate quota	1,57,58,064	n/a
Non Institutional Investors	4,38,461	9,49,96,512	217×
Corporates	no separate quota	2,43,936	n/a
Individuals	no separate quota	8,50,09,824	n/a
Others	no separate quota	97,42,752	n/a
Retail Ordinary investors bidding up to ₹2 lakh	30,69,231	16,85,80,440	55×
Cut Off	no separate quota	15,01,73,640	n/a
Price bids	no separate quota	1,84,06,800	n/a
Total	61,38,462	73,07,12,520	119×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 06:49 pm IST.

How demand built

We hold no subscription readings for this issue.