Vraj Iron and Steel IPO

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.

Vraj Iron and Steel IPO Details

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.

About the Company

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.

Vraj Iron and Steel Financial Highlights

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

Vraj Iron and Steel Strengths & Weaknesses

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

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

How to apply for Vraj Iron and Steel IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Vraj Iron and Steel IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Dynami user, Pre-Apply Now!
  • For new investor, we offer free demat account opening offer on our web & Dynami App ensuring a smooth and hassle-free experience for your initial investments.

How to open a Demat & Trading Account?

Demat & Trading Account
Form fill up Demat & Trading Account

Fill up your personal details in the form above

Share Personal Details Demat & Trading Account

Fill up your DOB, PAN, email & bank account details

OTP Authentication Demat & Trading Account

Upload your photo and e-sign your application via Aadhaar OTP

Open Demat Account

Frequently Asked Questions