{"id":7645,"date":"2024-06-22T16:54:36","date_gmt":"2024-06-22T11:24:36","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7645"},"modified":"2024-06-25T09:47:45","modified_gmt":"2024-06-25T04:17:45","slug":"vraj-iron-and-steel-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/vraj-iron-and-steel-ipo-details\/","title":{"rendered":"Vraj Iron and Steel IPO Details - Complete Overview of Vraj Iron and Steel Limited\u00a0IPO"},"content":{"rendered":"\n

Vraj Iron and Steel IPO Price: <\/strong>\u20b9195 to \u20b9207 per share
IPO Date Range:<\/strong> 26 June 2024 - 28 June 2024<\/p>\n\n\n\n

\n
\n
\n
\n
\"Vraj<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\n

Company Overview<\/h2>\n\n\n\n

Founded in June 2004, Vraj Iron and Steel Limited specializes in manufacturing Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. Operating from two expansive manufacturing facilities spanning 52.93 acres in Raipur and Bilaspur, Chhattisgarh, the company has positioned itself as a significant player in the steel industry. As of March 31, 2023, their combined annual manufacturing capacity reaches 231,600 tons, encompassing intermediate and final products.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Manufacturing Capabilities:<\/h2>\n\n\n\n

Vraj Iron and Steel Limited's Raipur and Bilaspur plants collectively contribute to their robust production capabilities. The Raipur facility also includes a captive power plant with a current capacity of 5 MW, enhancing operational efficiency. Looking ahead, the company plans to expand both its manufacturing and power generation capacities. By the fiscal year 2024-25, they aim to increase their manufacturing capacity to 500,100 tons per annum, and boost the captive power plant capacity to 20 MW. These expansions are poised to meet growing market demands and strengthen their competitive edge in the industry.<\/p>\n\n\n\n

Product Portfolio and Market Presence:<\/h2>\n\n\n\n

The company's product portfolio caters to diverse industrial customers and end-users, offering Sponge Iron, TMT Bars, MS Billets, and various by-products, including Dolochar, Pellets, and Pig Iron. Their offerings serve both domestic and international markets, distributed directly and through a network of brokers and dealers. Notably, their Raipur Plant has attained the ISO 14001:2015 certification for Environmental Management Systems, underscoring their commitment to sustainable manufacturing practices and continuous improvement initiatives.<\/p>\n\n\n\n

Workforce and Operations:<\/h2>\n\n\n\n

As of June 30, 2023, Vraj Iron and Steel Limited employs a dedicated workforce of 533 individuals, comprising 298 permanent employees and 235 contract workers. The workforce is distributed across their corporate office, Raipur Plant, and Bilaspur Plant, contributing to the company's operational efficiency and growth trajectory. With a focus on expanding capacities and enhancing product offerings, Vraj Iron and Steel remains poised for further expansion and sustained success in the steel manufacturing sector.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
\n
-<\/div>
DAYS<\/div><\/div>
-<\/div>
HOURS<\/div><\/div>
-<\/div>
MINUTES<\/div><\/div>
-<\/div>
SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Vraj Iron and Steel IPO Specifics:<\/h2>\n\n\n\n
\n
IPO Date<\/td>June 26, 2024 to June 28, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, July 3, 2024<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b9195 to \u20b9207 per share<\/td><\/tr>
Lot Size<\/td>72 Shares<\/td><\/tr>
Total Issue Size<\/td>8,260,870 shares
(aggregating up to \u20b9171.00 Cr)<\/td><\/tr>
Fresh Issue<\/td>8,260,870 shares
(aggregating up to \u20b9171.00 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>24,721,750<\/td><\/tr>
Share holding post issue<\/td>32,982,620<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Vraj Iron and Steel IPO Lot Size<\/h2>\n\n\n\n

Bidders have the opportunity to bid for a minimum of 72 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

\n
Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>72<\/td>\u20b914,904<\/td><\/tr>
Retail (Max)<\/td>13<\/td>936<\/td>\u20b9193,752<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>1,008<\/td>\u20b9208,656<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>4,824<\/td>\u20b9998,568<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>4,896<\/td>\u20b91,013,472<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Vraj Iron and Steel IPO Reservation<\/h2>\n\n\n\n
\n
QIB Shares Offered<\/td>Not more than 50% of the Net offer<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Vraj Iron and Steel IPO Timetable (Important Dates)<\/h2>\n\n\n\n
\n
IPO Open Date<\/td>Wednesday, June 26, 2024<\/td><\/tr>
IPO Close Date<\/td>Friday, June 28 2024<\/td><\/tr>
Basis of Allotment<\/td>Monday, July 1, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, July 2, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Tuesday, July 2, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, July 3, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on June 28, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

\n
APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Vraj Iron and Steel Limited IPO Financial Information<\/h2>\n\n\n\n

Vraj Iron and Steel Limited saw a 24.87% rise in revenue and an 88.12% increase in profit after tax (PAT) from the financial year ending on March 31, 2022, to March 31, 2023.<\/p>\n\n\n\n

\n
Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
Assets<\/td>126.33<\/td>150.77<\/td>191.54<\/td>253.05<\/td><\/tr>
Revenue<\/td>290.93<\/td>414.38<\/td>517.42<\/td>304.81<\/td><\/tr>
Profit After Tax<\/td>10.99<\/td>28.70<\/td>54<\/td>44.58<\/td><\/tr>
Net Worth<\/td>57.79<\/td>87.14<\/td>140.92<\/td>187.50<\/td><\/tr>
Reserves & Surplus<\/td>52.85<\/td>82.19<\/td>135.97<\/td>162.78<\/td><\/tr>
Total Borrowing<\/td>45.78<\/td>42.51<\/td>22.98<\/td>49.30<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

Key Performance Indicator - Vraj Iron and Steel IPO<\/h2>\n\n\n\n
\n
KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap<\/td>Rs 682.74Cr<\/td><\/tr>
EPS<\/td>Rs 21.84<\/td><\/tr>
P\/E (x)<\/td>9.48<\/td><\/tr>
ROE<\/td>23.78%<\/td><\/tr>
ROCE<\/td>25.34%<\/td><\/tr>
Debt\/ Equity<\/td>0.27<\/td><\/tr>
RoNW<\/td>23.78%<\/td><\/tr>
PAT Margin<\/td>3.61%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company intends to allocate the Net Proceeds as follows:<\/p>\n\n\n\n

    \n
  1. Funding capital expenditure for the \"Expansion Project\" at the Bilaspur Plant.<\/li>\n\n\n\n
  2. Repaying or prepaying borrowings from HDFC Bank, which were utilized for capital expenditure towards the \"Expansion Project\" at the Bilaspur Plant.<\/li>\n\n\n\n
  3. Additional capital expenditure towards the \"Expansion Project\" at the Bilaspur Plant.<\/li>\n\n\n\n
  4. Meeting general corporate purposes.<\/li>\n<\/ol>\n\n\n\n

    Prospectus Links:<\/strong><\/h2>\n\n\n\n

    Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. Vraj Iron and Steel Limited DRHP<\/a> and Vraj Iron and Steel Limited RHP<\/a>.<\/p>\n\n\n\n

    Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
    <\/div><\/div>\n\n\n
    \n
    \n
    \n

    What is an IPO?<\/h3>\n
    \n\n

    An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    Why do companies go public with an IPO?<\/h3>\n
    \n\n

    Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    What is the price range for the \"Vraj Iron and Steel Limited\" IPO?<\/h3>\n
    \n\n

    The price range for the\"Vraj Iron and Steel Limited\" IPO is \u20b9195 to \u20b9207 per share.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    When will the \"Vraj Iron and Steel Limited\" IPO be listed on the stock exchange?<\/h3>\n
    \n\n

    The \"Vraj Iron and Steel Limited\" IPO is expected to be listed on Wednesday, 3 July 2024.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    How to apply for an IPO with Lakshmishree?<\/h3>\n
    \n\n

    To apply for an IPO with Lakshmishree:
    Go to www.lakshmishree.com\/ipo
    Select the desired IPO and fill in the required details.
    Confirm your application and make the payment.
    Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

    \n

    How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
    \n\n

    Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

    Vraj Iron and Steel IPO Price: \u20b9195 to \u20b9207 per shareIPO Date Range: 26 June 2024 - 28 June 2024 Company Overview Founded in June 2004, Vraj Iron and Steel Limited specializes in manufacturing Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. Operating from two expansive manufacturing facilities spanning 52.93 acres in […]<\/p>\n","protected":false},"author":1,"featured_media":7657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[324,325,515],"class_list":["post-7645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-upcomingipo","tag-vraj-iron-and-steel-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=7645"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7645\/revisions"}],"predecessor-version":[{"id":7656,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/7645\/revisions\/7656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/7657"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=7645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=7645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=7645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}