The Vraj Iron and Steel has begun on 26-June-2024. It will close on 28-June-2024. The Total IPO Size is 171 Crore. The company set its IPO price is 195-207 Rs Per Share. Basically, there are three basic categories in Vraj Iron and Steel IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Qualified Institutional Buyers.
Vraj Iron and Steel is incorporated in 2004.
Vraj Iron and Steel is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj.(
They currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres.
Their product offerings such as Sponge Iron, TMT Bar, MS Billets and by-products Dolochar, Pellet and Pig Iron cater to a mix of customers that consist of industrial customers and end-users.
Vraj Iron and Steel Promoters
Gopal Sponge and Power Private Limited, V. A. Transport Private Limited and Vijay Anand Jhanwar is a Promotors of the company.
Vraj Iron and Steel IPO Date, Details & Price Band
The Vraj Iron and Steel IPO Price Band, IPO Dates, Market lot and other details mention in be below table.
| IPO Opening Dates | 26-June-2024 |
| IPO Closing Dates | 28-June-2024 |
| Price Band | 195-207 Rs |
| Fresh Issue | 171.00 Crore |
| Total IPO size | 171.00 Crore |
| Minimum bid (lot size) | 72 Shares |
| Face Value | 10 INR Per Share |
| Issue Type | Book Built Issue IPO |
| QIB Allocation | 50% |
| HNI Allocation | 15% |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Vraj Iron and Steel IPO Market Lot
The Vraj Iron and Steel IPO minimum market lot is 72 shares With 14,904 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 72 | 14,904 ₹ |
| Retail Maximum | 13 | 936 | 193,752 ₹ |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | |
| 31-Mar-23 | 191.54 | 517.42 | 54.00 |
| 31-Mar-22 | 150.77 | 414.38 | 28.70 |
| 31-Mar-21 | 126.33 | 290.93 | 10.99 |
Vraj Iron and Steel IPO GMP & Grey Market Premium
Vraj Iron and Steel IPO GMP Grey market premium has been started today. Check Latest Vraj Iron and Steel IPO GMP, Kostak Rates and Subject to Sauda Price here.
Vraj Iron and Steel IPO Prospectus
Vraj Iron and Steel IPO Prospectus Available on BSE and Sebi Website as well as on our Portal. Please click here to Download Vraj Iron and Steel IPO Prospectus.
| DRHP | Download |
| RHP | Download |
| Anchor List | Download |
Vraj Iron and Steel IPO Reviews
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Vraj Iron and Steel IPO Form Download
Vraj Iron and Steel IPO form Available on NSE, BSE Website as well as on our Portal. Please click here to Download Vraj Iron and Steel IPO forms.
Vraj Iron and Steel IPO Allotment Date & Details
| Allotment Date | 01-July-2024 |
| Initiation of refunds | 02-July-2024 |
| Transfer of shares to Demat accounts | 02-July-2024 |
| Listing Date | 03-July-2024 |
| Check Allotment Status | Click here |
Registrar of Vraj Iron and Steel
Bigshare Services Private Limited
S62, 6th Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400093
Maharashtra, India
Tel: +91 22 6263 8200
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com
Contact Person: Babu Raphael C
SEBI Registration Number: INR000001385
Vraj Iron and Steel Contact Details
Vraj Iron and Steel Limited
First Floor, Plot No 63 & 66, Ph No 113
Mother Teresa Ward No. 43
3, Jalvihar Colony, Raipur-492001
Phone: +91-771-4059002
Email: [email protected]
Website: https://www.vrajtmt.in/
Vraj Iron and Steel IPO Lead Managers
Aryaman Financial Services Limited
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort,
Mumbai – 400 001
Maharashtra, India
Tel: +91 22 6216 6999
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.afsl.co.in
Contact Person: Vatsal Ganatra/Deepak Biyani
SEBI Registration No: INM000011344