WEB Vraj Iron and Steel IPO Price Band Set at Rs 195-207
Bidding Opens June 26, 2024
Minimum Application Size: 72 Shares
WEB Vraj Iron and Steel Limited (WEB Vraj), a mainline initial public offering (IPO) company, has set its price band at Rs 195-207 per share. The IPO will open for subscription from June 26, 2024, and the minimum application size is 72 shares, amounting to Rs 14,904.
The IPO aims to raise approximately Rs 171 crore through a fresh issue of 171 crore and an offer for sale of up to equity shares. The proceeds from the IPO will be utilized for working capital requirements and general corporate purposes.
Vraj Iron and Steel, a leading player in the iron and steel industry, is expected to receive a positive response from investors given its strong fundamentals and growth prospects.
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