Vraj Iron & Steel Ltd. has announced public offering of 8212560 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 197.00 per share. The gross proceeds of the issue are expected to be Rs 17,000.00 lakhs.

The company's initial public offer (IPO) will open on 26 June 2024 and is expected to close on 28 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 195.00-207.00 per share.

The IPO includes a fresh Issue of 8212560 Equity Shares of the Company at an price of Rs 207.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 72 shares with bids in multiples of 72.

Vraj Iron & Steel Ltd. anticipates using the proceeds of the issue for .

ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.