Vraj Iron and Steel Limited IPO

BSE, NSEClosed

Check Allotment

Jun 26, 2024Open Date

Jun 28, 2024Close Date

TBAAllotment Date

Jul 3, 2024Listing Date

Subscription Details

View Subscription Details

QIB173.99x

Retail58.31x

NIIs (Non-Institutional Investors)Main Category

221.66x

↳ NII Sub-Categories

sHNI (< ₹10L)

Bids ₹2L to ₹10L

229.99x

bHNI (> ₹10L)

Bids above ₹10L

217.50x

Overall Subscription

Total Bids Received

126.36x

Updated: 10 Jul, 06:09 pm

Vraj Iron and Steel Limited IPO Issue Details

Issue Price₹195-207 Per Equity Share

Face Value₹10 Per Equity Share

Fresh Share82,60,870 shares(aggregating up to ₹171 crore)

Listing AtBSE, NSE

Listing DateJul 3, 2024

RegistrarBigshare Services Pvt Ltd

Reservation Details

Category	Shares Offered	%
NII	12,39,130	15%
QIB	16,52,174	20%
Anchor	24,78,259	30%

Valuations

EPS (Pre-IPO)

21.84

EPS (Post-IPO)

18.02

P/E (Pre-IPO)

9.48

P/E (Post-IPO)

11.49

RoNW

23.78%

PAT Margin

3.61%

P/B Value

2.73

Financial Information (₹ in Crores)

Metric	FY 23	FY 22	FY 21
Total Assets	191.54	150.77	126.33
Total Revenue	517.42	414.38	290.93
Profit After Tax	54	28.7	10.99
Net Worth	140.92	87.14	57.79

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

1Funding for Capital Expenditure towards the Expansion Project at Bilaspur Plant
2Repayment or prepayment of borrowings from HDFC Bank obtained by the company for the capital expenditure towards the Expansion Project at Bilaspur Plant
3Capital expenditure towards the Expansion Project at Bilaspur Plant.
4General Corporate Purposes.