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VRAJEQ / NSE, BSEListed
Vraj Iron and Steel

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 Price₹240.00
Listing Gain+15.94%

IPO Schedule & Timeline

Book Built Issue IPO
Open26 Jun 2024
Close28 Jun 2024
Allotment01 Jul 2024
Listing03 Jul 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail28,91,305 shares
35%
Nii(hni)12,39,131 shares
15%
QIB16,52,174 shares
20%

Minimum Application Lots

Retail1 Lot (72 shares)
₹14,904
sHNI14 Lots (1,008 shares)
₹2,08,656
bHNI68 Lots (4,896 shares)
₹10,13,472

Company Promoters

Gopal Sponge and Power Private LimitedV. A. Transport Private LimitedVijay Anand Jhanwar

Company Background

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 57,60...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹304.81 Cr
Growth+4.8%
Revenue Trend (₹ in Crores)
0.0198.3396.7595.0Mar-21Mar-22Mar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-23304.8144.58253.0549.3
Mar-23517.4254191.5422.98
Mar-22414.3828.7150.7742.51
Mar-21290.9310.99126.3345.78

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-23 18.0323.78%25.34%9.4811.49
Mar-23 21.8438.32%44.98%00
Mar-2211.6132.94%32.14%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
01 Jul 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
03 Jul 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Vraj Iron and Steel. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization01 Jul 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date03 Jul 2024Trading commences on exchange

How to Check Vraj Iron and Steel Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Vraj Iron and Steel from the issue drop-down list.

3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Vraj Iron and Steel IPO

Complete issue overview for Vraj Iron and Steel (VRAJ) IPO. The issue features an equity share price band of ₹195 – ₹207 per share with a minimum retail lot size of 72 Shares (minimum application amount of ₹14,904). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions