Vedanta Demerger Listing Today: VAML Opens at Rs 522, VOGL Hits Lower Circuit, VPL and VISL Gain on Day 1 — Full Listing Price Analysis
- June 15, 2026
- Posted by: Ankit Jaiswal
- Category: News
Vedanta demerger listing June 15: VAML listed Rs 522 (now Rs 495.90). VOGL listed Rs 38 (lower circuit Rs 36.10). VPL listed Rs 41.80 (now Rs 43.14). VISL listed Rs 20 (now Rs 21.06). T2T, 5% circuit.
The Vedanta demerger listing of four newly created companies commenced on June 15, 2026 at 10 AM on NSE and BSE, completing one of the largest corporate restructurings in India’s mining and metals sector. Vedanta Aluminium Metal Limited (VAML) opened at Rs 522 and hit a high of Rs 537 before falling to Rs 495.90 as the market discovered price for India’s largest aluminium business. Vedanta Oil and Gas (VOGL) opened at Rs 38 but quickly fell to its lower circuit at Rs 36.10 , ironically, the crude oil crash of 5.36% today (driven by the same Iran peace deal that is lifting the rest of the market) is directly hurting VOGL’s prospects as an oil E&P company. Vedanta Power (VPL) opened at Rs 41.80 and is gaining (+3.2% to Rs 43.14), while Vedanta Iron and Steel (VISL) opened at Rs 20 and is near its 5% upper circuit at Rs 21.06. All four stocks trade in the T2T (Trade-for-Trade) segment with a 5% daily circuit limit for the first 10 trading sessions.
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Vedanta Demerger Listing: All Four Entities , Live Data
| Company | NSE Symbol | Listing Price | Current LTP | High | Low | Change vs Listing | Business |
|---|---|---|---|---|---|---|---|
| Vedanta Aluminium Metal | VAML-BE | Rs 522 | Rs 495.90 | Rs 537 | Rs 495.90 | -5% from listing | Aluminium smelting, BALCO, Jharsuguda smelter |
| Vedanta Oil and Gas | VOGL-BE | Rs 38 | Rs 36.10 (lower circuit) | Rs 38 | Rs 36.10 | -5% (lower circuit) | Cairn E&P, oil and gas upstream, Rajasthan block |
| Vedanta Power | VEDPOWER-BE | Rs 41.80 | Rs 43.14 | Rs 43.89 | Rs 39.71 | +3.2% from listing | Talwandi Sabo Power; 4,800 MW thermal |
| Vedanta Iron and Steel | VISL-BE | Rs 20 | Rs 21.06 | Rs 21.06 | Rs 19.06 | +5.3% from listing (near UCL) | Iron ore mining, ESL Steel, Goa iron ore |
| Vedanta Ltd (residual) | VEDL | Rs 309.65 (PC) | Rs 306.30 | Rs 318.45 | Rs 304.65 | -1.08% (residual entity) | Zinc (HZL 64.9%), copper, base metals |
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Why VAML Listed at Rs 522 and What It Implies
The Vedanta demerger listing of VAML brings India’s largest aluminium producer, operating the Jharsuguda smelter in Odisha (one of the largest aluminium smelters outside China), the Lanjigarh alumina refinery, and a 51% stake in BALCO (Bharat Aluminium Company, which also has the Korba smelter). The listing price of Rs 522 reflects the market’s initial valuation of this integrated aluminium business. The subsequent fall to Rs 495.90 suggests some investors are selling their free allotment shares on the first day of trading , a common pattern in demerger listings where shareholders who didn’t want aluminium exposure are exiting. Long-term, VAML’s attractiveness depends on aluminium demand growth (EVs, renewable energy, construction) and the company’s stated target of expanding capacity to 6 million tonnes annually.
Why VOGL Hit Lower Circuit Despite Iran Deal
VOGL (Vedanta Oil and Gas, housing the Cairn E&P business) presents a notable irony on its listing day: the very event that is driving the broader market rally (the Iran peace deal) is simultaneously crashing crude oil, which is directly negative for an oil producer like VOGL. Cairn India, VOGL’s primary asset, produces approximately 130,000-150,000 barrels per day of crude from the Rajasthan block (the Mangala, Bhagyam, and Aishwariya fields). Every $1 fall in crude oil reduces Cairn/VOGL’s annual revenue by approximately Rs 400-500 crore. With crude crashing 5%+ today, VOGL’s listing coincided with a meaningful negative revenue revision. In the Vedanta demerger listing, VOGL’s lower circuit reflects this fundamental headwind.
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Conclusion
The Vedanta demerger listing on June 15 shows mixed first-day performance: VAML opened strong at Rs 522 but fell to Rs 495.90 (-5%); VOGL hit lower circuit at Rs 36.10 (crude crash impact); VPL gained 3.2% to Rs 43.14; VISL gained 5.3% to Rs 21.06. T2T segment with 5% circuit for 10 sessions. Track all Vedanta demerger listing prices live on Univest.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What were the listing prices for all 4 Vedanta demerger entities?
Ans. The four Vedanta demerger listing entities came to market on NSE and BSE on June 15, 2026 at 10 AM with the following opening prices: Vedanta Aluminium Metal (VAML) listed at Rs 522 per share; Vedanta Oil and Gas (VOGL) listed at Rs 38 per share; Vedanta Power (VPL, traded as VEDPOWER on NSE) listed at Rs 41.80 per share; and Vedanta Iron and Steel (VISL) listed at Rs 20 per share. These are all trading in the Trade-for-Trade (T2T) segment with a 5% daily circuit limit for the first 10 trading sessions. The residual Vedanta Limited (VEDL) continues trading with a previous close of Rs 309.65.
Why is VOGL (Vedanta Oil and Gas) hitting the lower circuit on listing day?
Ans. Vedanta Oil and Gas (VOGL), formerly Malco Energy Limited (MEL), is housing Cairn Oil and Gas, India’s largest private-sector crude oil and natural gas exploration company. Ironically, on listing day, VOGL is hitting the lower circuit at Rs 36.10 (-5% from opening price of Rs 38) because the US-Iran peace deal that dominated today’s market is actually negative for oil upstream companies. The peace deal has crashed crude oil 5.36% globally. As an oil exploration and production (E&P) company, VOGL’s revenues are directly linked to crude oil prices , lower crude means lower revenue per barrel for VOGL. This is the opposite of OMCs like BPCL and HPCL, which benefit from lower crude. The timing of VOGL’s listing on the day crude crashes 5% is unfortunate for initial price discovery.
Which Vedanta demerger entity should investors hold or sell?
Ans. This depends entirely on individual investment thesis and sector view. In the Vedanta demerger listing, VAML (Aluminium) is most highly valued (Rs 522) reflecting India’s largest aluminium business, but the stock has fallen 5% from its listing price on Day 1 as investors assess the actual value versus initial enthusiasm. VPL (Power, listed Rs 41.80, now Rs 43.14 +3.2%) and VISL (Iron and Steel, listed Rs 20, now Rs 21.06 +5.3%) are showing positive first-day price action. VOGL (Oil and Gas) has been hurt by today’s crude crash. For long-term investors, the key question for each entity is: how much debt was allocated to each demerged company, and what are the standalone earnings and growth prospects? Consult a SEBI-registered adviser before any decision. This is educational only.
What is the Vedanta demerger ratio and how many shares did I receive?
Ans. Under the Vedanta demerger scheme approved by NCLT in December 2025, under the Vedanta demerger listing scheme, shareholders received one share each (VAML, VOGL, VPL, VISL) for every one share of Vedanta Limited they held on the record date of May 1, 2026. So if you held 100 shares of Vedanta Limited on May 1, you automatically received: 100 shares of VAML, 100 shares of VOGL, 100 shares of VPL, and 100 shares of VISL , all credited to your existing Demat account. The residual Vedanta Limited (VEDL) stock also continues to be held. The shares are listed in the BE or T2T trading series and will remain in this segment for the first 10 trading sessions.
