Vraj Iron & Steel Ltd
Price Range
₹195 - ₹207
Min. Quantity
72
Closes on
28 June 2024
Min. investment
₹14,904/936 Shares
Vraj Iron & Steel Ltd IPO Timeline
'Vraj Iron & Steel Limited' was originally incorporated as 'Phil Ispat Private Limited' as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated June 16, 2004. Pursuant to special resolution passed by the shareholders of the Company at the extraordinary general meeting held on September 29, 2023, the name of the Company was changed to 'Vraj Iron & Steel Private Limited' and a fresh certificate of incorporation pursuant to change of name dated October 30, 2023 was issued by Registrar of Companies, Chhattisgarh. Thereafter, the Company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of the Company at the extraordinary general meeting held on October 31, 2023 and the name of the Company was changed to 'Vraj Iron & Steel Limited' and a fresh certificate of incorporation consequent upon conversion to a public limited company dated November 10, 2023 was issued to our Company by the Registrar of Companies, Chhattisgarh.
| Event | Date |
|---|---|
| Vraj Iron & Steel Ltd IPO Opening Date | 26 June 2024 |
| Vraj Iron & Steel Ltd IPO Closing Date | 28 June 2024 |
| Basis of Allotment | 1 July 2024 |
| Initiation of Refunds | 2 July 2024 |
| Credit of Shares to Demat | 2 July 2024 |
| Vraj Iron & Steel Ltd IPO Listing Date | 3 July 2024 |
Vraj Iron & Steel Ltd IPO Details
| Vraj Iron & Steel Ltd IPO Date | 26 June 2024 to 28 June 2024 |
| Vraj Iron & Steel Ltd IPO Face Value | ₹10 per share |
| Vraj Iron & Steel Ltd IPO Price | ₹195 to ₹207 per share |
| Vraj Iron & Steel Ltd IPO Lot Size | 72 |
| Issue Size | Shares of ₹10 (aggregating up to ₹171 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹171 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 17,53,846 of the Net Offer |
| Retail Shares Offered | Not less than 30,69,231 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 13,15,385 of the Net Offer |
| Company Promoters | Gopal Sponge & Power Pvt Ltd, V.A.Transport Pvt Ltd, Vijay Anand Jhanwar |
Vraj Iron & Steel Ltd IPO Lot Size
The Vraj Iron & Steel Ltd IPO lot size is 72 shares. A retail-individual investor can apply for up to 13 lots (936 shares or ₹1,93,752).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 72 | ₹14,904 |
| Maximum | 13 | 936 | ₹1,93,752 |
- Strengths
- Risks
- Opportunities
- Integrated and well-established manufacturing setup.
- Manufacturing plants are strategically located, supported by robust architecture, leading to cost efficiencies and a stable supply chain.
- Quantity and Average price of Coal procured by the company.
- Diversified product mix with strong focus on value added products.
- Experienced Promoter, Board, and management team.
- Consistent track record of growth and financial performance.
Company Financials
Vraj Iron & Steel Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 268.51 | 424.27 | 54.12 |
| 03-2023 | 185.54 | 517.42 | 51.11 |
| 03-2022 | 145.62 | 402.42 | 27.50 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expansion Project at Bilaspur Plant
- General Corporate Purposes
Vraj Iron & Steel Ltd IPO Promoter Holding
| Pre Issue Share Holding | 72.74% |
| Post Issue Share Holding | 54.52% |
Vraj Iron & Steel Ltd IPO Subscription Status (Bidding Detail)
The Vraj Iron & Steel Ltd IPO is subscribed 119.04 times on 28 June 2024 05:00:00 PM. The public issue subscribed 54.93 times in the retail category, 163.9 times in the QIB category, and 208.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 163.9 | 208.81 | 54.93 | - | 119.04 |
Vraj Iron & Steel Ltd IPO Prospectus
Vraj Iron & Steel Ltd IPO Listing Date
| Listing Date | 3 July 2024 |
| BSE Script | 544204 |
| NSE Symbol | VRAJ |
| Listing In | BSE, NSE |
| ISIN | INE0S2V01010 |
| IPO Price | ₹207 |
| Face Value | ₹10 |
Company Contact Information
1st Flr Plot #63 & 66 PH # 113M.Ter.Ward #43 Jalvihar Colony,Raipur-492001
Phone: +91 771 4059002
Email: info@vrajtmt.in
Website: www.vrajtmt.in
Vraj Iron & Steel Ltd IPO Registrar
Vraj Iron & Steel Ltd IPO Lead Manager(s)
- Aryaman Financial Services Ltd
FAQ
What is the issue size of Vraj Iron & Steel Ltd IPO?
I have pre-applied for Vraj Iron & Steel Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.