Vraj Iron and Steel IPO
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.
| Issue Open | 26-06-2024 |
| Issue Close | 28-06-2024 |
| Allotment Date | 01-07-2024 |
| Listing Date | 03-07-2024 |
| IPO Price Band | ₹195 to ₹207 |
| Minimum Share Bid | 72 |
| Minimum Investment Amount | ₹14904 |
| Total Issue Size | 82,60,870 shares (up to ₹171 Cr) |
| Fresh Issue | 82,60,870 shares (up to ₹171 Cr) |
| Offer For Sale | - |
| Face Value | ₹10 Per Share |
| Employee Discount | - |
| Qualified Institutional Buyer [QIB] | 50% |
| High Networth Individual [HNI] | 15% |
| Retail Individual Investor [RII] | 35% |
| Listed on | NSE BSE |
| Listing Date | 03-07-2024 |
| BSE Code | 544204 |
| NSE Code | VRAJ |
| ISIN Code | INE0S2V01010 |
| IPO Price | ₹ 207 |
| Lot Size | 72 |
| Expected Listing Price | ₹ 245 to ₹ 260 |
| Book Profit | ₹ 280 |
| Stop Loss | ₹ 225 |
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| Financial Year | Total Asset | Total Revenue | Total Expenses | Profit |
|---|---|---|---|---|
| FY-2021 | 126.33 | 290.93 | 276.52 | 10.99 |
| FY-2022 | 150.77 | 414.38 | 377.19 | 28.7 |
| FY-2023 | 191.54 | 517.42 | 448.42 | 54 |
| 31-12-2023 | 253.05 | 304.81 | 249.09 | 44.58 |
| Earnings Per Share [EPS] | ₹ 21.84 |
| Price/Earnings [P/E] Ratio | 9.48 |
| Return on Net Worth [RoNW] | 23.78 % |
| Net Asset Value [NAV] | ₹ 285 Per Share |
| Application | Lot Size | Shares | Total Amount |
|---|---|---|---|
| Retail Min | 1 | 72 | ₹ 14,904 |
| Small HNI | 14 | 1,008 | ₹ 2,08,656 |
| Big HNI | 68 | 4,896 | ₹ 10,13,472 |
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