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Vraj Iron & Steel Ltd.

Vraj Iron & Steel Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹207
₹207
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹207
Based on GMP
Min. Investment
₹14,904
1 lot × 72 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
26 Jun 2024
Close Date
28 Jun 2024
Allotment
01 Jul 2024
Listing Date
03 Jul 2024
Exchange
NSE & BSE
Price Band
₹207
Listing Price
See chart
Allotment Status
Price Band
₹207
Per share
Face Value
₹10 per share
 
Lot Size
72 Shares
per lot
Issue Size
82,60,869 shares (aggregating up to ₹171.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,904
1 lot
Pre-IPO Holding
2,47,21,750 shares
Promoters
Post-IPO Holding
3,29,82,620 shares
Promoters
P/E (Pre)
9.48x
 
P/E (Post)
11.49x
 
EPS (Pre)
₹21.84
 
EPS (Post)
₹18.02
 
UPI Deadline
2024-06-28
Mandate
Anchor AllotmentTue, 25 Jun 2024
Basis of AllotmentMon, 01 Jul 2024
Refund InitiationTue, 02 Jul 2024
Demat CreditTue, 02 Jul 2024
Listing DayWed, 03 Jul 2024
UPI Mandate Deadline2024-06-28
Sale TypeFresh Capital
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Vraj Iron & Steel Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Jun 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
8,260,869
100% ₹171.00
IPO Shares Offered
Vraj Iron & Steel Ltd. IPO total issue size: ₹171.00 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 8,260,869 ₹171.00
100.00%
* Based on upper price band ₹207 per share
Lot Size & Investment
Lot Size
72
Shares per Lot
Issue Price
₹207.00
Upper Band
Min Investment
₹14,904
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2144₹29,808
Retail (Max — 13 Lots)13936₹193,752
S-HNI (Min — 14 Lots)141,008₹208,656
B-HNI (Min — 68 Lots)684,896₹1,013,472
* Issue Price ₹207 × Lot Size 72 shares
IPO Schedule
Anchor
25 Jun 2024
✓ Done
IPO Open
26 Jun 2024
✓ Done
IPO Close
28 Jun 2024
✓ Done
Allotment
01 Jul 2024
✓ Done
Refunds
02 Jul 2024
✓ Done
Demat Credit
02 Jul 2024
✓ Done
Listing Day
03 Jul 2024
✓ Done
Vraj Iron & Steel Ltd. — Live Price LIVE
₹207.00
INR · BSE
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Issue ₹207.00 Live Price
About Vraj Iron & Steel Ltd.
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's 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.
Objects of the Issue
1
Funding for Capital Expenditure towards the "Expansion Project" at Bilaspur Plant:
2
Repayment or prepayment of borrowings from HDFC Bank obtained by the company for the capital expenditure towards the "Expansion Project" at Bilaspur Plant; and
3
Capital expenditure towards the "Expansion Project" at Bilaspur Plant.
4
General Corporate Purposes.
Vraj Iron & Steel Ltd. Financials (Amount in Crore)
Revenue from Operations
₹414.4
31 Mar 2022
₹517.4
31 Mar 2023
₹304.8
31 Dec 2023
Profit After Tax (PAT)
₹28.7
31 Mar 2022
₹54.0
31 Mar 2023
₹44.6
31 Dec 2023
Particulars31 Dec 202331 Mar 202331 Mar 2022
Revenue from Operations 304.81 517.42 414.38
EBITDA N/A N/A N/A
Profit After Tax (PAT) 44.58 54.00 28.70
Net Worth 187.50 140.92 140.92
Total Assets 253.05 191.54 150.77
Reserves & Surplus 162.78 135.97 82.19
Borrowings 49.30 22.98 42.51
EBITDA Margin (%) N/A
PAT Margin (%) 3.61%
P/BV Ratio
2.73
RoE
23.78%
RoCE
25.34%
RoNW
23.78%
PAT Margin
3.61%
Debt/Equity
0.27
Issue Structure & Shareholding
Total Shares Offered82,60,869 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding2,47,21,750 shares
Post-Issue Promoter Holding3,29,82,620 shares
P/BV Ratio2.73
RoE23.78%
RoCE25.34%
Debt / Equity0.27
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Aryaman Financial Services Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Vraj Iron & Steel Ltd. IPO subscribed?

Vraj Iron & Steel Ltd. IPO is subscribed 1.00 times by Jun 28, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Vraj Iron & Steel Ltd. IPO retail subscription status?

The Vraj Iron & Steel Ltd. IPO retail category is subscribed 1.00 times as of 28 Jun 2024. The retail portion is oversubscribed.

How to subscribe Vraj Iron & Steel Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 26 Jun 2024 and closes 28 Jun 2024. Min investment: ₹14,904 (1 lot = 72 shares). UPI mandate: 2024-06-28.

How many times Vraj Iron & Steel Ltd. IPO subscribed?

The Vraj Iron & Steel Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Vraj Iron & Steel Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Jul 2024. Refunds: on 02 Jul 2024.

When Vraj Iron & Steel Ltd. IPO will be listed?

The Vraj Iron & Steel Ltd. IPO listing date is 03 Jul 2024, Wednesday. Listed on: NSE & BSE. Issue price: ₹207. Estimated listing: ₹207. GMP: NIL.

When Vraj Iron & Steel Ltd. IPO close?

The Vraj Iron & Steel Ltd. IPO closes on 28 Jun 2024, Friday. UPI mandate: 2024-06-28. Allotment: 01 Jul 2024. Listing: 03 Jul 2024.