
✓
Open
26 Jun 2024
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Close
28 Jun 2024
3
Allotment
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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
03-07-2024₹50Est. ₹257+24.15%
02-07-2024₹50Est. ₹257+24.15%
01-07-2024₹67Est. ₹274+32.37%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 88.33x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 253.05 | 191.54 | 150.77 | 126.33 |
| Total Income | 304.81 | 517.42 | 414.38 | 290.93 |
| Profit After Tax | 44.58 | 54.00 | 28.70 | 10.99 |
| NET Worth | 187.50 | 140.92 | 87.14 | 57.79 |
| Reserves and Surplus | 162.78 | 135.97 | 82.19 | 52.85 |
| Total Borrowing | 49.30 | 22.98 | 42.51 | 45.78 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment or prepayment of borrowings from HDFC Bank | 70.00 |
| 2 | Capital expenditure towards the “Expansion Project” at Bilaspur Plant | 59.50 |
| 3 | General Corporate Purposes | 22.80 |
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