Vraj Iron and Steel Limited
Mainboard₹14,904 / 72 Shares
Vraj Iron and Steel Limited IPO Details
The Vraj Iron and Steel Limited IPO price band is set between ₹195-207 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 26 Jun, 2024 and closes on 28 Jun, 2024. Investors can check the allotment status on 1 Jul, 2024, while the listing date is tentatively scheduled for 3 Jul, 2024.
The total issue size is 8,260,870 shares, aggregating up to ₹171.00 Cr. Stay tuned for the latest Vraj Iron and Steel Limited IPO review and GMP updates.
Vraj Iron and Steel Limited IPO Review, Rating & Analysis
Vraj Iron and Steel Limited IPO Review
NO REVIEWVraj Iron and Steel Limited IPO Rating
Vraj Iron and Steel Limited IPO Highlights
IPO Date
Jun 26, 2024 - Jun 28, 2024
Listing Date
3 Jul, 2024
Face Value
₹10 Per Equity Share
Price Band
₹195-207 per equity share
Lot Size
72 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Vraj Iron and Steel Limited IPO Lot Size
The minimum market lot for Vraj Iron and Steel Limited IPO is 72 shares with an application amount of ₹14,904. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,904 |
| Retail (Max) | 13 | 936 | ₹1,93,752 |
| S-HNI (Min) | 14 | 1008 | ₹2,08,656 |
| S-HNI (Max) | 67 | 4824 | ₹9,98,568 |
| B-HNI (Min) | 68 | 4896 | ₹10,13,472 |
Vraj Iron and Steel Limited IPO Timeline
Issue Price
₹195-207 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Aryaman Financial Services LimitedIssue Size
8,260,870 shares(aggregating up to ₹171.00 Cr)Vraj Iron and Steel Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 191.54 | 517.42 | 54.00 | 140.92 | 135.97 | 22.98 |
| 31 Mar 22 | 150.77 | 414.38 | 28.70 | 87.14 | 82.19 | 42.51 |
| 31 Mar 21 | 126.33 | 290.93 | 10.99 | 57.79 | 52.85 | 45.78 |
All values are in ₹ Cr.
Vraj Iron and Steel Limited IPO Valuations
EPS Pre IPO
₹21.84/-EPS Post IPO
₹18.02/-PE Pre IPO
9.48PE Post IPO
11.49ROE
23.78%ROCE
25.34%Debt Equity
0.27RoNW
23.78%PAT Margin
3.61Price to Book Value
2.73Promoters & Share Holding
Promoter(s) Name
- Gopal Sponge and Power Private Limited
- V. A. Transport Private Limited
- Vijay Anand Jhanwar
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.99% | N/A% |
About Company
Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj.
The company runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of March 31, 2023, the total installed capacity of the manufacturing plants was 231,600 tons per year, including intermediate and final products.
The company currently has a production capacity of 57,600 TPA of MS Billets, which its rolling mills can use to manufacture TMT Bars with a production capacity of 54,000 TPA.
The company's product portfolio comprises offerings such as Sponge Irons, TMT Bars, MS Billets, and by-products Dolochar, Pellets, and Pig Iron, which cater to a mix of industrial customers and end-users.
The Raipur Plant has achieved the Environmental Management System Certification under the new ISO 14001:2015 standard.
As of June 30, 2023, the company has a workforce of 533, including 298 permanent employees, 7 at the Registered Office, 200 at the Raipur Plant, 87 at the Bilaspur Plant, and 235 contract workers.
Vraj Iron and Steel Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,652,174 | 1,239,130 826,087 413,043 | 2,891,305 | 5,782,609 |
Day 1 -26-06-24 05:00 PM | 0.61 x | 3.53 2.83 x 5.60 x | 5.07 x | 3.46 x |
Day 2 -27-06-24 05:00 PM | 0.91 x | 34.61 29.63 x 44.57 x | 20.75 x | 18.07 x |
Day 3 -28-06-24 05:00 PM | 173.99 x | 221.66 217.50 x 229.99 x | 58.31 x | 126.36 x |
Company Contact Details
Vraj Iron and Steel Limited
First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, 3, Jalvihar Colony, Raipur-492001Registrar Contact Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Frequently Asked Questions about Vraj Iron and Steel Limited IPO
When will Vraj Iron and Steel Limited IPO open for subscription?
The Vraj Iron and Steel Limited IPO opens on 26 Jun, 2024 and closes on 28 Jun, 2024.
What is the investors portion for Vraj Iron and Steel Limited IPO?
The investors' portion for QIB is 173.99 x, NII is 217.50 x, and Retail is 58.31 x.
How to apply for Vraj Iron and Steel Limited IPO?
You can apply for Vraj Iron and Steel Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Vraj Iron and Steel Limited IPO?
The issue size of Vraj Iron and Steel Limited IPO is approx ₹8,260,870 shares(aggregating up to ₹171.00 Cr) crores.
What is the price band of Vraj Iron and Steel Limited IPO?
The price band for Vraj Iron and Steel Limited IPO is ₹195 to ₹207 per equity share.
What is the lot size of Vraj Iron and Steel Limited IPO?
The minimum bid (lot size) for Vraj Iron and Steel Limited IPO is N/A shares with an investment of approx ₹14,904 .
What is the allotment date of Vraj Iron and Steel Limited IPO?
The allotment date for Vraj Iron and Steel Limited IPO is 1 Jul, 2024.
What is the listing date of Vraj Iron and Steel Limited IPO?
The listing date for Vraj Iron and Steel Limited IPO is expected to be 3 Jul, 2024.
What is the GMP of Vraj Iron and Steel Limited IPO?
The latest Grey Market Premium (GMP) for Vraj Iron and Steel Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.