Vraj Iron and Steel Limited
Lot Size
1 Lot = 72 Qty |
Min Investment
₹14904 |
Subscription
Oversubscribed |
Listing Gain
45(Points) |
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
171 |
Offer For Sale
0 |
Issue Price
₹195 to ₹207 |
Face Value
₹10 |
Issue Type
Fresh Issue |
Total Issue Size
171 CR |
QIB + NII Quota
50 + 15% |
Retail Quota
35% |
Listing On
NSE & BSE |
Registrar
Link Intime India Pvt Ltd |
Company Financial Rusult In Crore
PERIOD | ASSET | REVENUE | PROFIT |
---|---|---|---|
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.