Vraj Iron and Steel IPO Details
| IPO Size | 171 |
| Price Range | ₹195 - ₹207 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 72 |
| Investment (cut-off price) | ₹14,904 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | -- |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Vraj Iron and Steel IPO Timelines
26/06/2024
Start Date28/06/2024
End Date02/07/2024
Refund Initiation02/07/2024
Credit of Shares to Demat Ac03/07/2024
Listing DateVraj Iron and Steel IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 72 | ₹14,904 |
| Retail Maximum | 13 | 936 | ₹193,752 |
| S-HNI Minimum | 14 | 1008 | ₹208,656 |
| B-HNI Minimum | 68 | 4896 | ₹1,013,472 |
Vraj Iron and Steel IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 163.90 x | 208.81 x | 54.92 x | -- | 119.04 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹240 | ₹252 | ₹252 | ₹240 |
Vraj Iron and Steel IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2021 | ₹290.93 | ₹276.53 | ₹10.99 |
| FY 2022 | ₹414.38 | ₹377.20 | ₹28.70 |
| FY 2023 | ₹517.42 | ₹448.43 | ₹53.10 |
| FY 2024 (9M) | ₹304.81 | ₹249.09 | ₹44.58 |
About Company
Vraj Iron and Steel Limited is a producer of sponge iron, MS billets, and TMT bars. The products are marketed under the brand name Vraj. The company operates two manufacturing facilities located in Raipur and Bilaspur, Chhattisgarh. The by-products of their manufacturing process include dolochar, pellets, and pig iron. These by-products are sold to industrial clients and individual consumers. Vraj Iron and Steel sells its products directly to customers and through brokers and dealers.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2004 | Iron & Steel | Vijay Anand Jhanwar |
Know Before Investing
Vraj Iron and Steel IPO Strengths
- The company has an integrated and well-established manufacturing setup.
- Its manufacturing plants are strategically located, and supported by robust architecture, leading to cost efficiencies and a stable supply chain.
- Quantity and Average price of coal procured by the Company is a big advantage.
- The company has a diversified product mix with a strong focus on value-added products.
- It also has a consistent track record of growth and financial performance.
- Experienced Board and senior management team.
Vraj Iron and Steel IPO Risks
- The company faces substantial competition from domestic steel producers.
- It has reported negative cash flows in the past.
- Both the manufacturing plants are based in the same state.
- High working capital requirements.
Swot Analysis for Vraj Iron and Steel IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
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/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Vraj Iron and Steel IPO are:
- To fund the “Expansion Project” at Bilaspur Plant in two ways i) by repaying or prepaying borrowings obtained from HDFC Bank ii) by funding the capital expenditure.
- For general corporate purposes.