Vraj Iron & Steel IPO GMP History
Vraj Iron & Steel IPO has been listed on July 3, 2024 at a listing price of ₹240, against the issue price of ₹207 — a gain of ₹33 (+15.94%). The GMP peaked at ₹50 on 24 June 2024 and reached a low of ₹18 on 22 June 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Vraj Iron & Steel IPO raised ₹171 Cr. through its IPO at a price band of ₹195 to ₹207 per share, with a lot size of 72 shares. The IPO was open for subscription from 26 Jun 2024 to 28 Jun 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:41 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Jun 2024 | ₹ 50 | ▲ | 24% | — | — |
| 23 Jun 2024 | ₹ 38 | ▲ | 18% | — | — |
| 22 Jun 2024 | ₹ 18 | — | 9% | — | — |
| 21 Jun 2024 | ₹ 18 | — | 9% | — | — |
| 20 Jun 2024 | ₹ 18 | — | 9% | — | — |
| 19 Jun 2024 | ₹ 18 | — | 9% | — | — |
Vraj Iron & Steel IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 26 Jun 2024
- Close 28 Jun 2024
- Allotment 01 Jul 2024
- Refund/credit 02 Jul 2024
- Listing 03 Jul 2024
Vraj Iron & Steel IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹207 |
|---|---|
| GMP-based estimate (pre-listing) | ₹257 (+24.2%) |
| Listing gain / loss | +₹33 per share |
| Listing date | 03 Jul, 2024 |
| Actual listing price | ₹240 (+15.94%) |
Is Vraj Iron & Steel IPO GMP reliable?
Grey market premium for Vraj Iron & Steel IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Vraj Iron & Steel IPO full review for a fundamentals-based assessment before making any grey market trades.
Vraj Iron & Steel IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Vraj Iron & Steel IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Vraj Iron & Steel IPO
Vraj Iron and Steel Limited was incorporated as Phil Ispat Private Limited on 16 June 2004. It makes sponge iron, MS billets and TMT bars under the Vraj brand.
It runs two manufacturing plants at Raipur and Bilaspur in Chhattisgarh. Its products also include by-products such as dolochar and pellets.
Its promoters include Gopal Sponge and Power Private Limited, V.A. Transport Private Limited, Vijay Anand Jhanwar and Kusum Lata Maheshwari.
The IPO was Rs 171 crore and was entirely fresh issue. Rs 70.00 crore was planned for repaying HDFC Bank borrowings and Rs 59.50 crore for an expansion project at the Bilaspur plant.
Frequently asked
What is the GMP of Vraj Iron & Steel IPO?
The current Grey Market Premium (GMP) of Vraj Iron & Steel IPO is ₹ 50.
What is the Kostak Price of Vraj Iron & Steel IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Vraj Iron & Steel IPO is not available.
What is the Subject to Sauda Price of Vraj Iron & Steel IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Vraj Iron & Steel IPO?
Vraj Iron & Steel IPO listed on July 3, 2024 at ₹240, against the issue price of ₹207 — a gain of +15.94%.
How did the GMP of Vraj Iron & Steel IPO trend before listing?
The GMP of Vraj Iron & Steel IPO was rising in its final days before listing. The GMP peaked at ₹50 on 24 June 2024. View the day-wise table above for the complete GMP history.
Explore Vraj Iron & Steel IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
