Vraj Iron and Steel Limited Incorporated in June 2004, The company manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj.
The company runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of March 31, 2023, the total installed capacity of the manufacturing plants was 231,600 tons per year, including intermediate and final products.
The company currently has a production capacity of 57,600 TPA of MS Billets, which its rolling mills can use to manufacture TMT Bars with a production capacity of 54,000 TPA.
The company’s product portfolio comprises offerings such as Sponge Irons, TMT Bars, MS Billets, and by-products Dolochar, Pellets, and Pig Iron, which cater to a mix of industrial customers and end-users.
Vraj Iron and Steel Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 26 June 2024 |
| IPO Close Date | 28 June 2024 |
| Allotment Date | 01 July 2024 |
| IPO Listing Date | 03 July 2024 |
Vraj Iron and Steel Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 195 to Rs. 207 Per Equity Share |
| Market Lot | 72 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 171 Crore. |
Vraj Iron and Steel Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 72 | Rs. 14904 |
| Maximum | 13 | 936 | Rs. 193752 |
| Small HNI (Minimum) | 14 | 1008 | Rs. 208656 |
| Big HNI (Minimum) | 68 | 4896 | Rs. 1013472 |
Vraj Iron and Steel Limited IPO Allotment Status & IPO forms
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 191.54 | 150.77 | 126.33 |
| Total Revenue | 517.42 | 414.38 | 290.93 |
| Profit After Tax | 54 | 28.70 | 10.99 |
Company Promoters:
The promoters of the company are Gopal Sponge and Power Private Limited, V. A. Transport Private Limited and Vijay Anand Jhanwar.
Purpose 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
