When can we expect the allotment of Vraj Iron and Steel IPO?
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The basis of allotment of Vraj Iron and Steel IPO is expected by July 1, 2024.
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If you've applied for the Vraj Iron and Steel IPO, you're likely eager to know the allocation status. Well, the wait is over! The allotment process has been completed, and now you can easily check how many shares you've been allotted. You can do this by visiting the Bigshare Services Pvt Ltd registrar website. Moreover, for those who didn't receive an allotment, rest assured, the refund process has also been finalized.
Additional Read: Vraj Iron AND Steel Limited
Vraj Iron and Steel IPO allotment date: The allotment date for the Vraj Iron and Steel IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for Vraj Iron and Steel IPO, managed by Bigshare Services Pvt Ltd. You can discover the number of shares allotted to you through the registrar's website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for Vraj Iron and Steel IPO commenced on June 26, 2024 and concluded on June 28, 2024.
On the third day of subscription, the Vraj Iron and Steel IPO witnessed 123.63 times subscription, indicating strong demand for the issue. The listing date is scheduled on July 3, 2024. Investors can ascertain their share allocation through the basis of allotment process and check their allotment status. For those who were not allocated shares, the refund process will commence on July 2, 2024. Those allotted shares will receive them in their demat accounts on July 2, 2024. The listing date for Vraj Iron and Steel IPO is confirmed to be July 3, 2024.
If you've applied for the Vraj Iron and Steel IPO, you can easily check your allotment status on the Bigshare Services Pvt Ltd website. Here's a simple guide to check your allotment status:
The following table outlines the allocation quotas for different categories, detailing both the number of shares and the percentage of the total share capital raised. However, it's primarily the quotas for retail and HNI investors that are of significant interest.
Category of Investors | Allocation of shares under IPO |
Reservation for Employees | NA |
Anchor Allocation | 2,478,259 (30.00%) |
QIB Shares Offered | 1,652,174 (20.00%) |
NII (HNI) Shares Offered | 1,239,130 (15.00%) |
Retail Shares Offered | 2,891,305 (35.00%) |
Total Shares Offered | 8,260,868 (100%) |
Data Source: BSE
Let's now examine how different categories of investors participated in placing their bids for the IPO of Vraj Iron and Steel.
Next, let's delve into the level of subscription. The table below illustrates the degree of subscription for each category, along with the overall subscription for Vraj Iron and Steel.
Category | Subscription Status |
Qualified Institutional Buyers (QIB) | 171.99 |
S (HNI) ₹2 lakhs to ₹10 lakhs | 225.17 |
B (HNI) Above ₹10 lakhs | 217.06 |
Non Institutional Investors (NII) | 219.77 |
Retail Individuals | 54.80 |
Employees | NA |
Overall Subscription | 123.63 |
Data Source: BSE
The response to the IPO of Vraj Iron and Steel was generally considered The QIB portion witnessed a subscription of 171.99 times, while the HNI/NII portion saw a subscription of 219.77 times. The Retail portion experienced a subscription of 54.80 times, culminating in an overall subscription of 123.63 times for the IPO.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The basis of allotment of Vraj Iron and Steel IPO is expected by July 1, 2024.
To check your allotment status, visit the Bigshare Services Pvt Ltd website, select Vraj Iron and Steel IPO, and enter your Application Number, Demat Account, or PAN.
The anticipated listing price for Vraj Iron and Steel IPO will be determined by market demand on the listing date, July 3, 2024.
The allotment status is available on the website of the IPO's registrar. Alternatively, investors can also check the allotment status through their Demat account or the website of the stock exchange where the IPO is listed.
Shares in an IPO are typically allocated to retail investors based on a lottery system if the IPO is oversubscribed. Each retail investor has an equal chance of being allotted shares, irrespective of the application size.
The anticipated listing date for Vraj Iron and Steel IPO is July 3, 2024.
You might not have received an allotment due to high demand and oversubscription. Refunds will be processed for unsuccessful applicants.
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