The shares of Vraj Iron and Steel debuted with a premium of 16% today (July 3). The stock listed at ₹240 on both NSE and BSE against an offer price of ₹207 in line with subscription of 126.36 times that the IPO witnessed. The company aims to to utilise net proceeds of the IPO towards funding its capital expenditure requirement towards the expansion of the project at Bilaspur Plant estimated to be at ₹164.50 crore and general corporate purposes.
