Vraj Iron & Steel IPO Subscription Status
Vraj Iron & Steel IPO was subscribed 126.36 times when bidding closed on 28 Jun 2024: QIB 173.99x, NII 221.66x, Retail 58.31x.
The Vraj Iron & Steel IPO has been subscribed 126.36x times overall. Retail investors have shown interest with bids for 58.31x the shares available. The Non-Institutional Investor (NII) category has been subscribed 221.66x. Within NII, Big HNI (B-HNI) subscribed 217.5x and Small HNI (S-HNI) subscribed 229.99x. Qualified Institutional Buyers (QIBs) have subscribed 173.99x. Data last updated on 10 Nov, 06:41 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 26 Jun, 2024 and closes on 28 Jun, 2024. The shares are expected to list on stock exchanges on 03 Jul, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 173.99x |
| NII | - of - - | 221.66x |
bHNI — bid amount above ₹10 Lakh |
- - | 217.5 |
sHNI — bid amount ₹2–10 Lakh |
- - | 229.99 |
| Retail | - of - - | 58.31x |
| TOTAL | - - | 126.36x |
Vraj Iron & Steel IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 59 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 173.99x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
28 Jun 2024
Day 3 |
126.36x | ▼ | |
|
QIB173.99x
BHNI217.5x
SHNI229.99x
Retail58.31x
|
|||
|
27 Jun 2024
Day 2 |
18.07x | ▼ | |
|
QIB0.91x
BHNI29.63x
SHNI44.57x
Retail20.75x
|
|||
|
26 Jun 2024
Day 1 |
3.46x | ▼ | |
|
QIB0.61x
BHNI2.83x
SHNI5.6x
Retail5.07x
|
|||
Vraj Iron & Steel IPO dates
From the bidding window 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
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Vraj Iron & Steel IPO?
As of IPO close date (28 Jun, 2024), the Vraj Iron & Steel IPO is subscribed 126.36x times. Retail category is 58.31x, and NII is 221.66x subscribed.
When is the allotment date for Vraj Iron & Steel IPO?
The allotment for Vraj Iron & Steel IPO is expected to be finalized on 01 July, 2024.
What is the GMP of Vraj Iron & Steel?
The Grey Market Premium (GMP) for Vraj Iron & Steel is currently ₹50, indicating a potential listing gain of 24%.
When will Vraj Iron & Steel IPO list on the stock market?
Vraj Iron & Steel is scheduled to list on BSE and NSE on 03 July, 2024.
What are the chances of getting allotment in Vraj Iron & Steel IPO?
The retail category is oversubscribed at 58.31x, meaning allotment is by lottery. Statistically, approximately 1 in 59 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 173.99x mean for Vraj Iron & Steel IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 173.99x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Vraj Iron & Steel IPO allotment status?
After the allotment date (01 Jul, 2024), you can check your Vraj Iron & Steel IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Vraj Iron & Steel IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
