The scrip was listed at Rs 240, exhibiting a 4.98% premium to the issue price.
So far, the stock has hit a high of 251.95 and a low of 240 On the BSE, over 2.51 lakh shares of the company were traded in the counter so far.
The initial public offer (IPO) of Vraj Iron and Steel was subscribed 119.04 times. The issue opened for bidding on 26 June 2024 and closed on 28 June 2024. The price band of the IPO was fixed at Rs 195 to 207 per share.
The offer comprised only of fresh issue of equity shares up to 82.60 lakh equity shares.
The net proceeds from the fresh issue will be used to repay or prepay borrowings from HDFC Bank for Rs 70 crore capital expenditure towards expansion project of the Bilaspur plant and Rs 59.5 crore capital expenditure towards the expansion project of...
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