The Vraj Iron and Steel IPO is set to open on June 26, 2024, and will close on June 28, 2024. This IPO aims to raise Rs. 171 crores through a fresh issue. The Vraj Iron and Steel IPO is attracting significant interest from retail and institutional investors alike.
Here are the detailed Vraj Iron and Steel IPO Details:
| Detail | Information |
|---|---|
| IPO Open | June 26, 2024 |
| IPO Close | June 28, 2024 |
| IPO Size | Rs. 171 Crores |
| Fresh Issue | Approx Rs. 171 Crores |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price Band | Rs. 195 to Rs. 207 Per Share |
| IPO Listing on | BSE & NSE |
| Retail Quota | Not less than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not less than 15% |
Checkout the List of Upcoming IPO.
Vraj Iron and Steel manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. It operates two manufacturing plants located in Raipur and Bilaspur, Chhattisgarh, spread across 52.93 acres. As of March 31, 2023, its aggregate installed capacity was 2,31,600 tons per annum (TPA), which is set to increase to 5,00,100 TPA with its upcoming expansion.
Their product offerings include Sponge Iron, TMT Bar, MS Billets, and by-products like Dolochar, Pellet, and Pig Iron. They cater to industrial customers and end-users, selling products directly and through brokers/dealers. They have obtained the Environment Management System Certification ISO 14001: 2015 for their Raipur Plant.
The financial performance of Vraj Iron and Steel is crucial for evaluating its investment potential. Here are the key financial highlights:
| Year | Revenue (Crores) | Expense (Crores) | PAT (Crores) |
|---|---|---|---|
| 2021 | Rs. 290.93 Crores | Rs. 276.53 Crores | Rs. 10.99 Crores |
| 2022 | Rs. 414.38 Crores | Rs. 377.20 Crores | Rs. 28.70 Crores |
| 2023 | Rs. 517.42 Crores | Rs. 448.43 Crores | Rs. 53.10 Crores |
| Dec 2023 | Rs. 304.81 Crores | Rs. 249.09 Crores | Rs. 44.58 Crores |
Understanding the strengths and weaknesses of Vraj Iron and Steel can provide a clearer picture of its potential.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Largest Indian-owned IMFL company | Dependent on a few key brands for major sales | ||
| Strong pan-India distribution network | Fluctuations in raw material prices | ||
| Diverse product portfolio | Regulatory challenges in different states | ||
| High brand recognition | Limited geographical presence outside India | ||
| Consistent revenue growth | Vulnerability to economic downturns affecting discretionary spending | ||
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The price band for the Vraj Iron and Steel IPO is set between Rs. 195 to Rs. 207 per share.
The Vraj Iron and Steel IPO Size is Rs. 171 crores.
The minimum lot size for this IPO is 72 shares.
The minimum investment required for the Vraj Iron and Steel IPO is Rs. 14,904 for one lot of 72 shares.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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