Vraj Iron hits upper circuit after listing at 16% premium over issue price

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Vraj Iron hits upper circuit after listing at 16% premium over issue price - Business Standard

Quick Summary:

Vraj Iron and Steel listed at Rs 240 apiece on both the BSE and NSE, marking a premium of 15.

Retail investors could apply for a minimum lot size of 72 shares, requiring an investment of at least Rs 14,904.

The company plans to use the funds for capital expenditure related to the "Expansion Project" at the Bilaspur Plant, including repayment or prepayment of borrowings from HDFC Bank secured for this purpose.