| Company Name | Vraj Iron and Steel Limited |
| Open Date | 26-06-2024 |
| Close Date | 28-06-2024 |
| Exchange | BSE, NSE |
| Lot Size | 72 Shares |
| Issue Price | ₹195 to ₹207 per share |
| Issue Size | 82,60,870 shares |
| Application Amount | ₹ 14,904 (72 shares) – 1,93,752 (936 shares) |
| Recommendation | Apply |
Incorporated in June 2004, Vraj Iron and Steel Limited 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. 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. As of December 31, 2023, they had a workforce of 531 employees & workers, comprising of 296 permanent employees including 3 Directors, 9 employees at the Registered Office, 193 employees at Raipur Plant and 91 employees at Bilaspur Plant and 235 contract workers.
| KPI’s | 2021 | 2022 | 2023 | Dec-2023 |
| Revenue | 290.71 | 414.04 | 515.67 | 301.32 |
| EBITDA | 28.88 | 49.32 | 79.56 | 61.62 |
| Net Profit | 10.99 | 28.70 | 54.00 | 44.58 |
| RoCE | 24.05% | 38.77% | 47.62% | 25.10% |
| ROE | 19.01% | 32.94% | 38.32% | 23.77% |
| P/E | 46.62 | 17.83 | 9.48 | 11.48 |
| Opening Date | 26/06/2024 |
| Closing Date | 28-06-2024 |
| Basis of Allotment | 01-07-2024 |
| Initiation of Refunds | 02-07-2024 |
| Credit of Shares to Demat | 02-07-2024 |
| Listing Date | 03-07-2024 |
| Funding for Capital Expenditure towards the "Expansion Project" at the 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. |
| General Corporate Purposes. |
| Registered Office | 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 |
| info@vrajtmt.in | |
| Website | https://www.vrajtmt.in/ |
| Vraj Iron and Steel IPO DRHP |
| Vraj Iron and Steel IPO RHP |
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
| Anchor Investor Shares Offered | 2,478,259 (30.00%) |
| QIB Shares Offered | 1,652,174 (20.00%) |
| NII (HNI) Shares Offered | 1,239,130 (15.00%) |
| Retail Shares Offered | 2,891,305 (35.00%) |
| Share Holding Pre Issue (Promoters) | 100.00% |
| Share Holding Post Issue (Promoters) | 74.95% |