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, Date, Allotment

Vraj Iron and Steel IPO Details

Open DateJune 26, 2024
Close DateJune 28, 2024
Listing DateJuly 01, 2024
IPO SizeAggregating up to ₹22.08 Cr.
Fresh Issue22.08 lakh shares
Face Value₹10 per share
IPO Price Band₹95 to ₹100 per share
IPO Listing onNSE SME
Lot Size72 Shares
OFSNA
Share Offered to Retail35%
Share Offered to QBI50%
Share Offered to HNI15%

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 TypeLotsSharesAmount (₹)
Retail (Min)172₹14,904
Retail (Max)13936₹193,752
HNI (Min)141,008₹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.

  1. Go to the Link given above.
  2. Select the IPO Name
  3. Enter your PAN/ DP ID/ Application No
  4. 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

  1. Funding for Capital Expenditure towards the “Expansion Project” at Bilaspur Plant:
  2. Repayment or prepayment of borrowings from HDFC Bank obtained by our Company for the capital
  3. expenditure towards the “Expansion Project” at Bilaspur Plant; and
  4. Capital expenditure towards the “Expansion Project” at Bilaspur Plant.
  5. 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 Ended31 Dec 2023 (₹ Crore)31 Mar 2023 (₹ Crore)31 Mar 2022 (₹ Crore)31 Mar 2021 (₹ Crore)
Assets253.05191.54150.77126.33
Revenue304.81517.42414.38290.93
Profit After Tax (PAT)44.5854.0028.7010.99
Net Worth187.50140.9287.1457.79
Total Borrowing49.3022.9842.5145.78

KPI Of Vraj Iron and Steel Limited

ParticularsDecember 31, 2023 (₹ crore)Fiscal 2023 (₹ crore)Fiscal 2022 (₹ crore)Fiscal 2021 (₹ crore)
EBITDA 65.1081.3149.6629.10
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 Ratio0.750.280.851.57

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.

Rate this post

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Post

Advertisement

Zerodha Ads
Fyers
Scroll to Top