Vraj Iron and Steel IPO Date, Review, Price, Allotment Details

Vraj Iron and Steel is engaged in the manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. They currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. As of March 31, 2023, the aggregate installed capacity of their manufacturing plants was 2,31,600 tons per annum (TPA) (comprising intermediate and final products). Their manufacturing plant at Raipur also includes a captive power plant with an aggregate installed capacity of 5 MW, as of March 31, 2023. They are in the process of increasing the capacities of their existing manufacturing plants and captive power plant, which is expected to increase their aggregate installed capacity (comprising of intermediate and final products) from 2,31,600 TPA to 5,00,100 TPA and captive power plants aggregate installed capacity from 5 MW to 20 MW. These proposed expansions are expected to become operational in FY 2024-25.

Their 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. They sell their products directly as well as through brokers/dealers. As part of their initiatives towards continual improvement, they have obtained the Environment Management System Certification under the new standard of ISO 14001: 2015 for the Raipur Plant.

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 the company for the capital expenditure towards the “Expansion Project” at Bilaspur Plant;
• Capital expenditure towards the “Expansion Project” at Bilaspur Plant.
• General Corporate Purposes.

Vraj Iron and Steel IPO Review (Apply or Not)

• To be updated soon

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Religare Broking: To be updated soon
• Hem Securities: To be updated soon
• Arihant Capital: To be updated soon

Vraj Iron and Steel IPO Date & Price Band Details

Vraj Iron and Steel IPO Market Lot

The Vraj Iron and Steel IPO minimum market lot is 72 shares with ₹14,904 application amount. The retail investors can apply up-to 13 lots with 936 shares or ₹193,752 amount.

Vraj Iron and Steel IPO Allotment & Listing Dates

The Vraj Iron and Steel IPO date is June 26 and the close date is June 28. The Vraj Iron and Steel IPO allotment will be finalized on July 1 and the IPO listing on July 3.

You can check IPO subscription status and IPO allotment status on their respective pages.

Vraj Iron and Steel IPO Form

How to apply for the Vraj Iron and Steel IPO? You can apply for Vraj Iron and Steel IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vraj Iron and Steel IPO in the Invest section. The other option is you can apply for Vraj Iron and Steel IPO via IPO forms downloaded via NSE and BSE. Check out the Vraj Iron and Steel forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Vraj Iron and Steel Company Financial Report

Vraj Iron and Steel IPO Valuation – FY2023

Check Vraj Iron and Steel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• Sarda Energy and Minerals Limited
• Godawari Power and Ispat Limited
• Shyam Metalics and Energy Limited

Company Promoters

• Gopal Sponge
• Power Private Limited
• V. A. Transport Private Limited
• Vijay Anand Jhanwar

Vraj Iron and Steel IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/

Vraj Iron and Steel IPO Allotment Status Check

Check Vraj Iron and Steel IPO allotment status on Bigshare website allotment URL. Click Here

Vraj Iron and Steel IPO Lead Managers aka Merchant Bankers

• Aryaman Financial Services Limited

Company Address

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: [email protected]
Website: https://www.vrajtmt.in/

Vraj Iron and Steel IPO FAQs