Vraj Iron and Steel Limited has filed its initial papers with the capital markets regulator SEBI to raise funds via an preliminary public providing that comes with recent problems with ₹171 crore there will probably be no offer-for-sale (OFS) part by way of its current shareholders, and promoters as in keeping with the DRHP knowledge. The corporate will get Sebi’s nod to flow an IPO. The corporate’s Mainboard IPO is proposed to be indexed at the NSE and BSE indices. The face worth of the fairness stocks of Vraj Iron and Steel restricted is ₹10. The retail quota is 35%, QIB is 50%, and HNI is 15%.
– Source : IPOWATCH
