Vraj Iron and Steel, a company engaged in manufacturing Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj, operates through two manufacturing plants in Raipur and Bilaspur, Chhattisgarh. Their current manufacturing capacity stands at 2,31,600 tons per annum, with plans to increase it to 5,00,100 TPA along with expanding their captive power plant capacity to 20 MW by FY 2024-25.

The company’s product portfolio includes Sponge Iron, TMT Bar, MS Billets, Dolochar, Pellet, and Pig Iron, catering to industrial customers and end-users. Vraj Iron and Steel recently obtained the ISO 14001: 2015 certification for Environment Management System for their Raipur Plant.

Objects of the Issue

  • Funding for Capital Expenditure towards the “Expansion Project” at Bilaspur Plant
  • Repayment or prepayment of borrowings for the “Expansion Project” at Bilaspur Plant
  • General Corporate Purposes

Vraj Iron and Steel IPO Date & Price Band Details

IPO Open: June 26, 2024
IPO Close: June 28, 2024
IPO Size: Approx ₹171 Crores
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹195 to ₹207 Per Share
IPO Listing on: BSE & NSE

Vraj Iron and Steel IPO Market Lot

The Vraj Iron and Steel IPO minimum market lot is 72 shares with ₹14,904 application amount. Retail investors can apply for up to 13 lots with 936 shares or ₹193,752 amount.

Application Lot Size Shares Amount
Retail Minimum 1 72 ₹14,904
Retail Maximum 13 936 ₹193,752
S-HNI Minimum 14 1,008 ₹208,656
B-HNI Minimum 68 4,896 ₹1,013,472

Vraj Iron and Steel IPO Allotment & Listing Dates

The Vraj Iron and Steel IPO is scheduled to open on June 26, close on June 28, with allotment finalization on July 1, and listing on July 3.

IPO Open Date: June 26, 2024
IPO Close Date: June 28, 2024
Basis of Allotment: July 1, 2024
Refunds: July 2, 2024
Credit to Demat Account: July 2, 2024
IPO Listing Date: July 3, 2024

Vraj Iron and Steel IPO Form

Investors can apply for the Vraj Iron and Steel IPO via ASBA in their bank accounts or through downloaded IPO forms from NSE and BSE. Simply select the IPO in the Invest section of your online bank account or submit the filled forms at your bank/broker.

Vraj Iron and Steel Company Financial Report

₹ in Crores
Year Revenue Expense PAT
2021

Table of Contents

Vraj Iron and Steel IPO Valuation – FY2023

Exploring details of Vraj Iron and Steel IPO valuations for the financial year 2023 including Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).

Earning Per Share (EPS): ₹21.84 per Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 38.32%
Net Asset Value (NAV): ₹285.00 per Equity Share

Peer Group

  • Sarda Energy and Minerals Limited
  • Godawari Power and Ispat Limited
  • Shyam Metalics and Energy Limited
  • Gopal Sponge
  • Power Private Limited
  • V. A. Transport Private Limited
  • Vijay Anand Jhanwar

Vraj Iron and Steel IPO Registrar

Registrar: Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: [email protected]

Website: Bigshare IPO Online

Vraj Iron and Steel IPO Allotment Status Check

Check the allotment status of Vraj Iron and Steel IPO on the official Bigshare website.

Vraj Iron and Steel IPO Lead Managers aka Merchant Bankers

  • Aryaman Financial Services Limited

Company Address

Vraj Iron and Steel Limited

First Floor, Plot No 63 & 66, Ph No 113

Mother Teresa Ward No. 43

3, Jalvihar Colony, Raipur-492001

Phone: +91-771-4059002

Email: [email protected]

Website: Vraj Iron and Steel Official Website

Vraj Iron and Steel IPO FAQs