Vraj Iron and Steel IPO Details
The Vraj Iron and Steel IPO is a book build issue with a total issue size of ₹171 cr, comprising of fresh issue of 8260870 equity shares. Vraj Iron and Steel IPO opened for subscription on Jun 26, 2024 and closed on Jun 28, 2024. Vraj Iron and Steel IPO is set price band at ₹195 to ₹207 per share, with a lot size of 72 shares. Minimum investment for Retail investors was ₹14,904.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 01, 2024, and listed on both the NSE and BSE on Jul 03, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Aryaman Financial Services Limited are the Book Running Lead Manager for the issue.
Before investing in the Vraj Iron and Steel IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 195 – 207
- Lot Size
- 72
- Issue Size
- ₹171 Cr
- Minimum Investment
- ₹14904 (72 Shares)
- Listing Date
- 03 July 2024
Current GMP
₹50 (+24.15%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Vraj Iron and Steel Limited
Incorporated in 2004, Vraj Iron and Steel is engaged in the manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. The company’s product offerings such as Sponge Iron, TMT Bar, MS Billets, and by-products Dolochar, Pellet, and Pig Iron cater to a mix of customers that consist of industrial customers and end-users.
It operates through two manufacturing plants located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. As of December 31, 2023, the aggregate installed capacity of its manufacturing plants was 2,31,600 tons per annum (TPA) (comprising intermediate and final products). The manufacturing plant at Raipur also includes a captive power plant with an aggregate installed capacity of 5 MW. The company has also obtained Environment Management System Certification (EMSC) under the new standard of ISO 14001: 2015 for its Raipur Plant.
Peer Comparison
● Sarda Energy & Minerals Limited
● Godawari Power & Ispat Limited
● Shyam Metalics and Energy Limited
Vraj Iron and Steel IPO Promoters
- Gopal Sponge and Power Private Limited
- V. A. Transport Private Limited
- Vijay Anand Jhanwar
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
0.00%
Vraj Iron and Steel IPO Objective
The following is how the company plans to use the Net Proceeds.
● To fund the "Expansion Project" at Bilaspur Plant in two ways
i) by repaying or prepaying borrowings obtained from HDFC Bank
ii) by funding the capital expenditure
● For general corporate purposes.
Address / Contact Info
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
IPO Snapshot
Book Running Lead Managers
- Aryaman Financial Services Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Vraj Iron and Steel IPO is a Book-building IPO with a total issue size of ₹171 crore. The Vraj Iron and Steel IPO price band is ₹195 to 207 per share. The Vraj Iron and Steel IPO subscription opens on Wed, Jun 26, 2024, and closes on Fri, Jun 28, 2024. The Vraj Iron and Steel IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Vraj Iron and Steel IPO.
The Vraj Iron and Steel IPO opens on Wed, Jun 26, 2024 and closes on Fri, Jun 28, 2024
Vraj Iron and Steel IPO Price Band is ₹195 to 207 per share.
Vraj Iron and Steel IPO lot size is 72 shares, Retail investors need a minimum investment of ₹14904 based on the upper price band
The minimum investment for Vraj Iron and Steel IPO is ₹14904, based on one lot of 72 shares at the upper price band of ₹207 per share.
Investors can apply for the Vraj Iron and Steel IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jun 28, 2024. The application amount remains blocked until the Vraj Iron and Steel IPO allotment is finalized.
Vraj Iron and Steel IPO issue size is ₹171 crores.
Vraj Iron and Steel IPO allotment date is Wed, Jul 1, 2026.
The registrar for Vraj Iron and Steel IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Vraj Iron and Steel IPO allotment status, refund processing, and other IPO-related information.
The Vraj Iron and Steel IPO GMP (Grey Market Premium) is ₹50 as of Wed, Jul 3, 2024. Based on the upper price band of ₹207 per share, the estimated Vraj Iron and Steel IPO listing price is ₹257, indicating a potential listing gain of approximately 0% over the issue price.