
Metals & Mining · NSE / BSE
Vraj Iron and Steel Limited, incorporated in June 2004, is a leading manufacturer of Sponge Iron, M.S. Billets, and TMT bars under the Vraj brand. The company operates two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, spanning 52.93 acres, with a total installed capacity of 231,600 TPA as of March 31, 2023. Its production capacity includes 57,600 TPA of MS Billets, which feed its rolling mills to produce TMT Bars with a capacity of 54,000 TPA. Vraj's diverse product portfolio consists of Sponge Iron, TMT Bars, MS Billets, and by-products like Dolochar, Pellets, and Pig Iron, catering to industrial clients and end-users. The Raipur Plant holds ISO 14001:2015 Environmental Management System Certification, reflecting its commitment to sustainability. As of June 30, 2023, the company employs 533 personnel, including 298 permanent employees and 235 contract workers, spread across its registered office and manufacturing plants.
Price Band
₹195 – ₹207
Issue Size
₹171 Cr
Lot Size
72 shares
GMP
+24.1%
Est. Listing
₹257
at current GMP
Subscribed
126.36x
overall
Open
26 Jun 2024
Close
28 Jun 2024
Allotment
1 Jul 2024
Refund
2 Jul 2024
Demat Credit
3 Jul 2024
Listing
3 Jul 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹207
Band: ₹195 – ₹207
Estimated Listing Price
₹257
Upper price + GMP
Lot Size
72 shares
Min investment ₹14,904
Estimated Profit / Lot
₹3,600
72 × ₹50
Grey Market Premium trend
+₹50
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹50 | 24.1% | ₹257 |
| 30 Oct 2026 | +₹50 | 24.1% | ₹257 |
| 29 Oct 2026 | +₹45 | 21.7% | ₹252 |
GMP is unofficial market data. Not a guarantee of listing performance.
Vraj Iron and Steel Limited is bringing an initial public offering (IPO) in the Metals & Mining sector with an aggregate issue size of ₹171 Crores. The shares are offered at a price band of ₹195 to ₹207 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 72 shares (approx. ₹14,904 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-07-03, while un-allotted funds or UPI block mandates will be released on 2024-07-02.
The latest grey market premium for Vraj Iron and Steel Limited IPO is ₹50, which indicates an expected listing price of ₹257.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.