Contents
- 1 Table of Contents
- 2 Vraj Iron and Steel IPO Details
- 3 Vraj Iron and Steel IPO Date
- 4 Lot Size
- 5 Vraj Iron and Steel IPO GMP (Grey Market Premium)
- 6 Vraj Iron and Steel IPO Subscription Status
- 7 Vraj Iron and Steel IPO Allotment Status
- 8 Know About Company
- 9 Objects of the Issue
- 10 Promoters Holding
- 11 Vraj Iron and Steel Limited Financial Report
- 12 KPI Of Vraj Iron and Steel Limited
- 13 Peer Group
- 14 Vraj Iron and Steel Limited IPO Registrar
- 15 Vraj Iron and Steel Limited IPO Lead Manager
- 16 Vraj Iron and Steel Limited Contact
- 17 Vraj Iron and Steel Limited IPO Application Form PDF
- 18 FAQs
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
Table of Contents
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.