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

Vraj Iron and Steel IPO Details: Vraj Iron and Steel IPO date is fixed, the IPO is to hit the market on June 26, 2024 and will close on June 28, 2024. Vraj Iron and Steel IPO to raise around ₹171 crores via IPO that comprises fresh issue of ₹171 crores and offer for sale up to [.] equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Vraj Iron and Stee IPO

Table of Contents


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

IPO Open:June 26, 2024
IPO Close:June 28, 2024
IPO Size:Approx ₹171 Crores
Fresh Issue:Approx ₹171 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹195 to ₹207 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

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.

ApplicationLot SizeSharesAmount
Retail Minimum172₹14,904
Retail Maximum13936₹193,752
S-HNI Minimum141,008₹208,656
B-HNI Minimum684,896₹1,013,472

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.

IPO Open Date:June 26, 2024
IPO Close Date:June 28, 2024
Basis of Allotment:July 1, 2024
Refunds:July 2, 2024
Credit to Demat Account:July 2, 2024
IPO Listing Date:July 3, 2024

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

  ₹ in Crores
YearRevenueExpensePAT
2021₹290.93₹276.53₹10.99
2022₹414.38₹377.20₹28.70
2023₹517.42₹448.43₹53.10
Dec 2023₹304.81₹249.09₹44.58

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.

Earning Per Share (EPS):₹21.84 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):38.32%
Net Asset Value (NAV):₹285.00 per Equity Share

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

What is Vraj Iron and Steel IPO?

Vraj Iron and Steel IPO is a main-board IPO. They are going to raise ₹171 Crores via IPO. The issue is priced at ₹195 to ₹207 pr equity share. The IPO is to be listed on BSE & NSE.

When Vraj Iron and Steel IPO will open?

The IPO is to open on June 26, 2024 for QIB, NII, and Retail Investors.

What is Vraj Iron and Steel IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Vraj Iron and Steel IPO?

You can apply for Vraj Iron and Steel IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Vraj Iron and Steel IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Vraj Iron and Steel”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Vraj Iron and Steel IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Vraj Iron and Steel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Vraj Iron and Steel IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Vraj Iron and Steel”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Vraj Iron and Steel IPO Size?

Vraj Iron and Steel IPO size is ₹171 crores.

What is Vraj Iron and Steel IPO Price Band?

Vraj Iron and Steel IPO Price Band is ₹195 to ₹207.

What is the Vraj Iron and Steel IPO Allotment Date?

Vraj Iron and Steel IPO allotment date is July 1, 2024.

What is the Vraj Iron and Steel IPO Listing Date?

Vraj Iron and Steel IPO listing date is July 3, 2024. The IPO is to list on BSE and NSE.

Note: The Vraj Iron and Steel IPO price band and date are officially announced yet. The IPO grey market premium (Vraj Iron and Steel IPO Premium) will be added to the IPO grey market page as it will start).

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