Vraj Iron and Steel Limited
₹14,904(72 Shares)
Minimum Investment
IPO Dates
Jun 26, 2024 – Jun 28, 2024
Price Band
₹195–207 per equity share
Lot Size
72
Listing
Jul 3, 2024
Listing At
BSE, NSE
Vraj Iron and Steel Limited Live Subscription Details
All IPOsAll Live IPOsNII Sub-Categories
sHNI (< ₹10L)
Bids ₹2L to ₹10L
bHNI (> ₹10L)
Bids above ₹10L
Overall Subscription
Total Bids Received
126.36x
Vraj Iron and Steel Limited IPO Issue Details
- Issue Price
- ₹195-207 Per Equity Share
- Face Value
- ₹10 Per Equity Share
- Fresh Share
- 82,60,870 shares(aggregating up to ₹171 crore)
- Listing At
- BSE, NSE
- Listing Date
- Jul 3, 2024
- Registrar
- Bigshare Services Pvt Ltd
Market Lot Details
Reservation Details
NII
12.39L
QIB
16.52L
Anchor
24.78L
Company Information
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 acr...
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)
* 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.
Vraj Iron and Steel Limited – Promoter(s)
Contact Details
Corporate Office
First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, 3, Jalvihar Colony, Raipur-492001
Vraj Iron and Steel Limited Allotment & Registrar Details
Check AllotmentBigshare Services Pvt Ltd
Vraj Iron and Steel Limited IPO Documents
Frequently Asked Questions — Vraj Iron and Steel Limited IPO
The Vraj Iron and Steel Limited IPO price band is set at ₹195.00 to ₹207.00 per equity share.
The lot size for Vraj Iron and Steel Limited IPO is 72 shares per lot. The minimum investment amount is approximately ₹14,904.
The Vraj Iron and Steel Limited IPO opens on Jun 26, 2024 and closes on Jun 28, 2024.
Vraj Iron and Steel Limited IPO is expected to be listed on Jul 3, 2024 on BSE, NSE.
The current GMP for Vraj Iron and Steel Limited IPO is ₹50, suggesting an expected listing price of around ₹245.00. Note: GMP is an unofficial market indicator.
The registrar for Vraj Iron and Steel Limited IPO is Bigshare Services Pvt Ltd. You can contact them at ipo@bigshareonline.com.
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