Vraj Iron and Steel IPO GMP Today
The Vraj Iron and Steel IPO GMP is ₹20 (+9.7% over the upper price band of ₹207) as of 19 Jun 2024, giving an estimated listing price of ₹227 per share. On a minimum application of 72 shares, that is an estimated gain of ₹1,440. GMP has fallen by ₹30 since tracking began on 3 Jul.
Last updated
- Issue Price
- ₹207
- GMP
- ₹20
- GMP %
- +9.7%
- Est. listing
- ₹227
- Est. gain / application
- +₹1,440
Vraj Iron and Steel IPO GMP trend
Tracked for 15 days. High ₹90 on 27 Jun, low ₹20 on 21 Jun.
Vraj Iron and Steel IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (72 sh) |
|---|---|---|---|---|---|
| (latest) | ₹20 | 0 | 9.66% | ₹227 | +₹1,440 |
| ₹20 | 0 | 9.66% | ₹227 | +₹1,440 | |
| ₹20 | -₹20 | 9.66% | ₹227 | +₹1,440 | |
| ₹40 | 0 | 19.32% | ₹247 | +₹2,880 | |
| ₹40 | -₹13 | 19.32% | ₹247 | +₹2,880 | |
| ₹53 | -₹22 | 25.60% | ₹260 | +₹3,816 | |
| ₹75 | -₹10 | 36.23% | ₹282 | +₹5,400 | |
| ₹85 | -₹5 | 41.06% | ₹292 | +₹6,120 | |
| ₹90 | +₹15 | 43.48% | ₹297 | +₹6,480 | |
| ₹75 | 0 | 36.23% | ₹282 | +₹5,400 | |
| ₹75 | 0 | 36.23% | ₹282 | +₹5,400 | |
| ₹75 | +₹8 | 36.23% | ₹282 | +₹5,400 | |
| ₹67 | +₹17 | 32.37% | ₹274 | +₹4,824 | |
| ₹50 | 0 | 24.15% | ₹257 | +₹3,600 | |
| ₹50 | — | 24.15% | ₹257 | +₹3,600 |
Est. listing = upper price band (₹207) + GMP. Est. gain = GMP × 72 shares (1 lot, the minimum application).
Vraj Iron and Steel IPO subscription status
| QIB | 163.90x |
|---|---|
| bNII | 204.89x |
| sNII | 216.66x |
| Retail | 54.93x |
| Total | 119.04x |
Reading the Vraj Iron and Steel IPO GMP
The grey market premium is the price above the issue price at which Vraj Iron and Steel IPO shares are informally traded before listing. A GMP of ₹20 on an upper band of ₹207 suggests the shares could open around ₹227, if grey market sentiment holds until listing day.
GMP is not set by the company, the exchanges or SEBI. It moves daily with market conditions and subscription demand. Check it together with the subscription numbers and the company's financials before applying.
Vraj Iron and Steel IPO GMP: FAQs
- What is Vraj Iron and Steel IPO GMP today?
- The latest grey market premium (GMP) for the Vraj Iron and Steel IPO is ₹20 as of 19 June 2024, which is 9.66% over the upper price band of ₹207.
- What is the expected listing price of Vraj Iron and Steel IPO?
- Based on the current GMP, the estimated listing price of Vraj Iron and Steel IPO is ₹227 per share (₹207 issue price + ₹20 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for Vraj Iron and Steel IPO?
- The lot size is 72 shares. The minimum application is 1 lot, which costs ₹14,904 at the upper price band.
- Is IPO GMP reliable?
- GMP reflects unofficial trades before listing and changes daily with market mood and subscription demand. It is a useful sentiment indicator but often differs from the actual listing price, so use it alongside the company's financials and subscription data.
GMP is an unofficial indicator compiled from grey market sources and is not investment advice. Actual listing prices can differ significantly. Read the offer document before investing.