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Vraj Iron IPO IPO

Mainline26 Jun 202428 Jun 2024
Open
26 Jun 2024
Close
28 Jun 2024
3
Allotment
Listing
Wed, Jul 3, 2024
Price Band
₹195 to ₹207
Issue Size
82,60,869 shares (agg. up to ₹171 Cr)
Lot Size
72 Shares
Listing Date
Wed, Jul 3, 2024
Latest GMP
₹50
Est. Gain
24.15%
✦ AI Insight

GMP Trend

03-07-202450Est. ₹257+24.15%
02-07-202450Est. ₹257+24.15%
01-07-202467Est. ₹274+32.37%

Live Subscription

CategorySubscription (times)
Total88.33x

Restated Financials (₹ Cr.)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets253.05191.54150.77126.33
Total Income304.81517.42414.38290.93
Profit After Tax44.5854.0028.7010.99
NET Worth187.50140.9287.1457.79
Reserves and Surplus162.78135.9782.1952.85
Total Borrowing49.3022.9842.5145.78
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment or prepayment of borrowings from HDFC Bank70.00
2Capital expenditure towards the “Expansion Project” at Bilaspur Plant59.50
3General Corporate Purposes22.80

About Vraj Iron IPO

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. 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. The Raipur Plant has achieved the Environmental Management System Certification under the new ISO 14001:2015 standard. As of June 30, 2023, the company has a workforce of 533, including 298 permanent employees, 7 at the Registered Office, 200 at the Raipur Plant, 87 at the Bilaspur Plant, and 235 contract workers.+ Read More

Contact Details

Vraj Iron & Steel Ltd. AddressFirst Floor, Plot No 63 & 66, Ph No 113Mother Teresa Ward No.433, Jalvihar ColonyRaipur, Chhattisgarh, 492001+91-771-4059002info@vrajtmt.inVisit Website