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VRAJEQ / NSE, BSEListed

Vraj Iron and Steel Limited

Vraj Iron and Steel Limited, incorporated in June 2004, is a leading manufacturer of Sponge Iron, M.S. Billets, and TMT bars under the Vraj brand. The company operates two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, spanning 52.93 acres, with a total installed capacity of 231,600 TPA as of March 31, 2023. Its production capacity includes 57,600 TPA of MS Billets, which feed its rolling mills to produce TMT Bars with a capacity of 54,000 TPA. Vraj's diverse product portfolio consists of Sponge Iron, TMT Bars, MS Billets, and by-products like Dolochar, Pellets, and Pig Iron, catering to industrial clients and end-users. The Raipur Plant holds ISO 14001:2015 Environmental Management System Certification, reflecting its commitment to sustainability. As of June 30, 2023, the company employs 533 personnel, including 298 permanent employees and 235 contract workers, spread across its registered office and manufacturing plants.

₹195 - ₹207126.36x sub
Listed Price240.00
Listing Gain+15.94%
TimelineBook Built Issue IPO
Open26 Jun 2024
Close28 Jun 2024
Allotment01 Jul 2024
Listing03 Jul 2024

Quota Reservation Portions

RetailPortion: 28,91,305 shares
35%
Nii(hni)Portion: 12,39,131 shares
15%
QIBPortion: 16,52,174 shares
20%

Minimum Application Bracket Matrix

Retail1 lots / 72 shares
₹14,904
sHNI14 lots / 1,008 shares
₹2,08,656
bHNI68 lots / 4,896 shares
₹10,13,472

About the Company

Vraj Iron and Steel Limited, incorporated in June 2004, is a leading manufacturer of Sponge Iron, M.S. Billets, and TMT bars under the Vraj brand. The company operates two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, spanning 52.93 acres, with a total installed capacity of 231,600 TPA as of March 31, 2023. Its production capacity includes 57,600 TPA of MS Billets, which feed its rolling mills to produce TMT Bars with a capacity of 54,000 TPA. Vraj's diverse product portfolio consists of Sponge Iron, TMT Bars, MS Billets, and by-products like Dolochar, Pellets, and Pig Iron, catering to industrial clients and end-users. The Raipur Plant holds ISO 14001:2015 Environmental Management System Certification, reflecting its commitment to sustainability. As of June 30, 2023, the company employs 533 personnel, including 298 permanent employees and 235 contract workers, spread across its registered office and manufacturing plants.

Company Promoters

Gopal Sponge and Power Private LimitedV. A. Transport Private LimitedVijay Anand Jhanwar
Vraj Iron and Steel Limited IPO Details | GMP, Allotment & Financials | IPO Trending