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Mumbai: Shares of Vraj Iron and Steel made a decent Dalal Street debut on Wednesday, July 03 as the stock was listed at Rs 240 apiece on both the exchanges, BSE and NSE, a premium of 15.94 per cent over its issue price of Rs 207 per share.<\/p>\n
However, the listing did not meet the expectations of the investors on the debut. Ahead of its listing, shares of Vraj Iron and Steel were commanding a grey market premium of Rs 50 apiece, suggesting a listing pop of 24 per cent to the investors. However, the GMP stood at Rs 67-70 apiece a day earlier.<\/p>\n
The IPO of Vraj Iron and Steel was sold in the price band of Rs 195-207 per share with a lot size of 72 shares. The issue was open for bidding between bidding June 26 and June 28. The Raipur-based company raised 171 crore via its primary offering, which entirely included a fresh share sale of Rs 82,60,870 equity shares.<\/p>\n
The issue was overall subscribed a stellar 119.04 times. The quota for qualified institutional bidders (QIBs) was booked a stellar 163.90 times The quota for non-institutional investors was subscribed 208.81 times. The portions reserved for retail investors saw bidding for 54.93 times during the three-day bidding process.<\/p>\n<\/div>\n
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[ad_1] Mumbai: Shares of Vraj Iron and Steel made a decent Dalal Street debut on Wednesday, July 03 as the stock was listed at Rs 240 apiece on both the exchanges, BSE and NSE, a premium of 15.94 per cent over its issue price of Rs 207 per share. However, the listing did not meet […]<\/p>\n","protected":false},"author":1,"featured_media":32751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-32750","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/07\/Vraj-Iron-and-Steel-shares-make-decent-market-debut.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=32750"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32750\/revisions"}],"predecessor-version":[{"id":32752,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32750\/revisions\/32752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/32751"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=32750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=32750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=32750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}