Industry News

Price band set at 195-207 per share; check details here

Views : 87
Update time : 2024-06-20 14:43:41

The price band for the IPO of Vraj Iron and Steel, which is scheduled to open on June 26, is set at ₹195 to ₹207 per equity share. The company aims to raise ₹171 crore through this initial public offering, which is entirely a fresh issue of 0.83 crore shares.

The net proceeds from the public offer are intended to be used towards funding capital expenditure for the "Expansion Project" at the Bilaspur Plant, repayment or prepayment of borrowings from HDFC Bank used for capital expenditure at the Bilaspur Plant, and general corporate purposes.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices