Vraj Iron and Steel IPO Details, Date, Allotment

Vraj Iron and Steel IPO: Vraj Iron and Steel Limited IPO is open for subscription on June 26, 2024 and closes on June 28, 2024. The allotment for the IPO is expected on July 01, 2024. Visaman Global Sales IPO will be listed on BSE, NSE with a listing date fixed as July 03, 2024.

Viraj Iron and Steel IPO is a fixed price issue amounting to Rs 171 crores. The entire issue comprises a fresh offering of 0.83 lakh shares. The price band for the IPO is fixed at ₹195 to ₹207 per share.

Source from Viraj Iron and Steel IPO RHP

Vraj Iron and Steel IPO Details

Open Date	June 26, 2024
Close Date	June 28, 2024
Listing Date	July 01, 2024
IPO Size	Aggregating up to ₹22.08 Cr.
Fresh Issue	22.08 lakh shares
Face Value	₹10 per share
IPO Price Band	₹95 to ₹100 per share
IPO Listing on	NSE SME
Lot Size	72 Shares
OFS	NA
Share Offered to Retail	35%
Share Offered to QBI	50%
Share Offered to HNI	15%

Vraj Iron and Steel IPO Date

IPO Open Date: June 26, 2024
IPO Close Date: June 28, 2024
Allotment: July 01, 2024
Refunds: July 2, 2024
Shares Credit to Demat: July 2, 2024
Listing Date: July 03, 2024

Lot Size

Application Type	Lots	Shares	Amount (₹)
Retail (Min)	1	72	₹14,904
Retail (Max)	13	936	₹193,752
HNI (Min)	14	1,008	₹208,656

Vraj Iron and Steel IPO GMP (Grey Market Premium)

If you want to know Vraj Iron and Steel IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.

Vraj Iron and Steel IPO Subscription Status

Vraj Iron and Steel IPO subscription starts on June 26, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

Vraj Iron and Steel IPO Allotment Status

To check Vraj Iron and Steel IPO allotment status go to the IPO registrar website ”Bigshare Services Private Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

Go to the Link given above.
Select the IPO Name
Enter your PAN/ DP ID/ Application No
Submit details and get the allotment status.

Know About Company

Established in June 2004, Vraj Iron and Steel Limited produces Sponge Iron, M.S. Billets, and TMT bars sold under the brand Vraj.

With operations in Raipur and Bilaspur, Chhattisgarh, spanning 52.93 acres, the company’s manufacturing facilities have a total annual capacity of 231,600 tons as of March 31, 2023.

Currently, the company manufactures 57,600 tons per annum of MS Billets and 54,000 tons per annum of TMT Bars using its rolling mills.

Vraj Iron and Steel’s product lineup includes Sponge Irons, TMT Bars, MS Billets, as well as by-products like Dolochar, Pellets, and Pig Iron, serving a diverse clientele ranging from industries to end-users.

Objects of the Issue

Funding for Capital Expenditure towards the “Expansion Project” at Bilaspur Plant:
Repayment or prepayment of borrowings from HDFC Bank obtained by our Company for the capital
expenditure towards the “Expansion Project” at Bilaspur Plant; and
Capital expenditure towards the “Expansion Project” at Bilaspur Plant.
General Corporate Purposes.

Promoters Holding

The company’s promoters are Gopal Sponge and Power Private Limited, V. A. Transport Private Limited, and Vijay Anand Jhanwar, collectively holding 99.99% of the shares before the issue.

Vraj Iron and Steel Limited Financial Report

Period Ended	31 Dec 2023 (₹ Crore)	31 Mar 2023 (₹ Crore)	31 Mar 2022 (₹ Crore)	31 Mar 2021 (₹ Crore)
Assets	253.05	191.54	150.77	126.33
Revenue	304.81	517.42	414.38	290.93
Profit After Tax (PAT)	44.58	54.00	28.70	10.99
Net Worth	187.50	140.92	87.14	57.79
Total Borrowing	49.30	22.98	42.51	45.78

KPI Of Vraj Iron and Steel Limited

Particulars	December 31, 2023 (₹ crore)	Fiscal 2023 (₹ crore)	Fiscal 2022 (₹ crore)	Fiscal 2021 (₹ crore)
EBITDA	65.10	81.31	49.66	29.10
EBITDA Margin (%)	21.61%	15.77%	11.99%	10.01%
Return on Equity (“RoE”) (%) (4)	23.78%	38.32%	32.94%	19.01%
Return on Capital Employed (“RoCE”) (%) (5)	25.34%	44.98%	32.14%	20.68%
Net Debt(6)/ EBITDA Ratio	0.75	0.28	0.85	1.57

Peer Group

ANI Integrated Services Limited
Integrated Personnel Services Limited

Vraj Iron and Steel Limited IPO Registrar

Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400093
Maharashtra, India
Tel: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com

Vraj Iron and Steel Limited IPO Lead Manager

Aryaman Financial Services Limited
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Maharashtra, India
Tel: +91 22 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in

Vraj Iron and Steel Limited Contact

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: info@vrajtmt.in
Website: https://www.vrajtmt.in/

Vraj Iron and Steel Limited IPO Application Form PDF

To download the Vraj Iron and Steel Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

FAQs

What is the IPO price band of Vraj Iron and Steel Limited?

The price band for Vraj Iron and Steel Limited IPO is ₹195 to ₹207 per share.

When does the Vraj Iron and Steel Limited IPO open and close?

The IPO opens for subscription on June 26, 2024, and closes on June 28, 2024.

What is the lot size for applying to Vraj Iron and Steel Limited IPO?

The lot size for Vraj Iron and Steel Limited IPO is 72 shares.

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iPO GMP Today Desk

Rajesh, with 5 years in the stock market, holds a degree in Finance and Management from the University of Kalyani. He simplifies complex financial concepts, offering clear insights to readers, blending expertise with a passion for easy-to-understand analysis.

Vraj Iron and Steel IPO Details, Date, Allotment

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