Vraj Iron IPO

Vraj Iron & Steel Ltd

₹14,040 /72 sharesMinimum Investment

Vraj Iron IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹207.00₹240.00₹33.00 (15.94%)

Vraj Iron IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
26 Jun ‘24 - 28 Jun ‘24₹14,04072₹195 - ₹207
Issue SizeIPO Doc
171.00Cr
RHP PDF

Subscription rate

As of 28 Jun'24, 05:00 PM
Qualified Institutional Buyers163.9x
Non-Institutional Investor208.25x
Retail Individual Investor53.04x
Total117.97x

About Vraj Iron

Vraj Iron and Steel Limited is a producer of sponge iron, MS billets, and TMT bars. The products are marketed under the brand name Vraj. The company operates two manufacturing facilities located in Raipur and Bilaspur, Chhattisgarh. The by-products of their manufacturing process include dolochar, pellets, and pig iron. These by-products are sold to industrial clients and individual consumers. Vraj Iron and Steel sells its products directly to customers and through brokers and dealers.;
Founded in
2004
Managing director
Mr.Vijay Anand Jhanwar
Parent organisation
Vraj Iron & Steel Ltd

Strengths & Financials of Vraj Iron

Strengths
Risks
Vraj Iron and Steel operates two integrated steel manufacturing plants located in Bilaspur and Raipur, Chhattisgarh. The integrated nature of these plants allows the company to manage nearly all aspects of its operations (except for the sourcing of primary raw materials), which helps in maintaining control over quality and enhancing operating margins.
The company holds ISO 14001: 2015 certification for Environment Management Systems for its Raipur plant.
The strategic locations of the manufacturing plants in Bilaspur and Raipur, within the mineral-rich state of Chhattisgarh and near the mineral belt of eastern India, provide easy access to raw materials and end users.
For the financial years 2023, 2022, and 2021, Vraj Iron and Steel's total revenue from manufacturing operations has consistently risen from Rs 509.50 crore to Rs 408.65 crore and Rs 289.09 crore, respectively. During this period, net profit too climbed steadily from Rs 10.99 crore in FY21 to Rs 28.70 crore in FY22 to Rs 54 crore in FY23.

Vraj Iron Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Vraj Iron IPO

Apply asPrice bandApply upto
Regular195 - 207₹2 Lakh
High Networth Individual195 - 207₹2 - 5 Lakh
For Vraj Iron IPO, eligible investors can apply as Regular.
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