Vraj Iron and Steel Limited

Lot Size
1 Lot = 72 Qty
Min Investment
Listing Gain

IPO Details

Open Date
Jun 26, 2024
Close Date
Jun 28, 2024
Allotment Date
Jul 01, 2024
Allotment Date
Jul 01, 2024
Refund Initiation
Jul 02, 2024
Demat Transfer
Jul 02, 2024
Listing Date
Jul 03, 2024
Fresh Issue
Offer For Sale
Issue Price
₹195 to ₹207
Face Value
Issue Type
Fresh Issue
Total Issue Size
171 CR
QIB + NII Quota
50 + 15%
Retail Quota
Listing On
Link Intime India Pvt Ltd
Check Allotment Status

Company Financial Rusult In Crore

31-Dec-2023 253.05 304.81 44.58
31-Mar-2023 191.54 517.42 54.00
31-Mar-2022 150.77 414.38 28.70
31-Mar-2021 126.33 290.93 10.99

About Vraj Iron and Steel Limited

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 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.

DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Readers must consult a qualified financial advisor before making any actual investment decisions based on the information published herein. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks. The author does not intend to invest in this offering.