The promoters of the Company are Gopal Sponge and Power Private Limited, V.A. Transport Private Limited and Vijay Anand Jhanwar. The registrar of the IPO is Bigshare Services Private Limited. The book-running lead managers of the Vraj Iron and Steel Limited IPO are ICICI Securities Ltd, Nuvama Wealth Management Ltd and ITI Capital Ltd
The company reported revenue of ₹5,174.21 million in 2023 against revenues of ₹4,143.84 million in 2022. The PAT was 539.97 million in 2023 against 1287.04 million in 2022. The peer group of companies are Godawari Power and Ispat Limited, Sarda Energy and Minerals Limited, and Shyam Metalics and Energy Limited.
Vraj Iron and Steel Limited (formerly known as Phil Ispat Pvt. Ltd.) is a subsidiary company of Gopal Sponge and Power Private Limited (GSPPL) in Raipur, with interests in steel and power. Vraj Iron and Steel Limited currently operates two manufacturing units in Raipur and Bilaspur in Chhattisgarh and prides itself as one of the leading iron and steel manufacturers in Central India. The company is expanding its manufacturing and power generation capacities and diversifying into related segments.
Their state-of-the-art integrated steel plants include a manufacturing setup such as a DRI unit, EAF, continuous billet casting mill, sophisticated and high-speed rolling mill, microprocessor-based product technologies, and fully-equipped quality assurance and testing laboratories. Their high-quality iron and steel products are preferred for all types of structural purposes across India.
