Vraj Iron and Steel Limited IPO
Vraj Iron and Steel Limited IPO is listed on BSE and NSE, priced at ₹195–₹207 per share. The stock debuted at ₹240, delivering a listing gain of 15.9%. The IPO had a lot size of ₹72 shares and a minimum investment of ₹14,904.
Vraj Iron and Steel Limited IPO
- IPO Dates
- Jun 26, 2024 – Jun 28, 2024
- Price band
- ₹195-207 per equity share
- Minimum Investment
- ₹14,904
- Issue size
- ₹171 Cr
- Lot size
- 72
- Allotment Date
- Jul 1, 2024
- Listing
- Jul 3, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jun 26, 2024
Open Date
Completed
-
Jun 28, 2024
Close Date
Completed
-
Jul 1, 2024
Allotment Date
Completed
-
Jul 3, 2024
Listing Date
Completed
Price Summary
- Last closing
- 127.65 (-38.33%)
- 52 week high
- 194.19
- 52 week low
- 93.00
- Last update
Vraj Iron and Steel Limited IPO Essentials
Vraj Iron and Steel Limited IPO Details
Vraj Iron and Steel Limited IPO is priced at ₹195-207 per share with a total issue size of 171 crore. The IPO has a lot size of 72 shares and is listed on BSE and NSE.
- Issue price
- ₹195-207 per equity share
- Lot size
- 72 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 8,260,870 shares(aggregating up to ₹171.00 Cr)
- Total issue size
- 82,60,870 shares
(aggregating up to ₹171 crore) - Fresh issue
- 82,60,870 shares
(aggregating up to ₹171 crore) - Listing at
- BSE, NSE
- List price
- 240.0(NSE)
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Aryaman Financial Services Limited
Market Lot Size
Investors can bid for a minimum of 72 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 72 | ₹14,904 |
| Retail(max) | 13 | 936 | ₹1,93,752 |
Vraj Iron and Steel Limited IPO Reservation
Vraj Iron and Steel Limited IPO reservation details show category-wise allocation of shares. Out of the total 8,260,868 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 2,478,259 (30%) | |
| QIB Shares Offered | 1,652,174 (20%) | |
| NII (HNI) Shares Offered | 1,239,130 (15%) | |
| bHNI > ₹10L | 826,087 (10%) | 819 |
| sHNI < ₹10L | 413,043 (5%) | 409 |
| Retail Shares Offered | 2,891,305 (35%) | 40,157 |
| Total Shares Offered | 8,260,868 (100%) |
Vraj Iron and Steel Limited IPO Analytics
Vraj Iron and Steel Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Vraj Iron and Steel Limited IPO Subscription Status
Vraj Iron and Steel Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 1,652,174 |
1,239,130
826,087
413,043
|
2,891,305 | 5,782,609 |
|
Day 1
26-06-24 05:00 PM
|
0.61 x |
3.53x
2.83x
5.60x
|
5.07 x | 3.46 x |
|
Day 2
27-06-24 05:00 PM
|
0.91 x |
34.61x
29.63x
44.57x
|
20.75 x | 18.07 x |
|
Day 3
28-06-24 05:00 PM
|
173.99 x |
221.66x
217.50x
229.99x
|
58.31 x | 126.36 x |
Vraj Iron and Steel Limited Valuations
Earnings
- EPS Pre IPO
- ₹21.84/-
- EPS Post IPO
- ₹18.02/-
- P/E Pre IPO
- 9.48
- P/E Post IPO
- 11.49
Returns
- ROE
- 23.78%
- ROCE
- 25.34%
- RoNW
- 23.78%
- PAT Margin
- 3.61
Fundamentals
- Debt / Equity
- 0.27
- Price / Book
- 2.73
Vraj Iron and Steel Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 191.54 | 150.77 | 126.33 |
| Revenue | 517.42 | 414.38 | 290.93 |
| Profit After Tax | 54.00 | 28.70 | 10.99 |
| Net Worth | 140.92 | 87.14 | 57.79 |
| Reserves & Surplus | 135.97 | 82.19 | 52.85 |
| Total Borrowing | 22.98 | 42.51 | 45.78 |
Vraj Iron and Steel Limited Company & Offer Insights
About Vraj Iron and Steel Limited
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.
The Raipur Plant has achieved the Environmental Management System Certification under the new ISO 14001:2015 standard.
As of June 30, 2023, the company has a workforce of 533, including 298 permanent employees, 7 at the Registered Office, 200 at the Raipur Plant, 87 at the Bilaspur Plant, and 235 contract workers.
Vraj Iron and Steel Limited Promoter(s)
Gopal Sponge and Power Private Limited, V. A. Transport Private Limited, Vijay Anand Jhanwar are the company's promoters of Vraj Iron and Steel Limited.
Vraj Iron and Steel Limited IPO Issue Objectives
- •
- Funding for Capital Expenditure towards the Expansion Project at Bilaspur Plant
- •
- Repayment or prepayment of borrowings from HDFC Bank obtained by the company for the capital expenditure towards the Expansion Project at Bilaspur Plant
- •
- Capital expenditure towards the Expansion Project at Bilaspur Plant.
- •
- General Corporate Purposes.
Vraj Iron and Steel Limited IPO - Anchor Investors
Vraj Iron and Steel collects Rs 51 crore from anchor investors.
Those who have been allocated shares are — Volrado Venture Partners Fund IV, Capri Global Housing Finance, Ashika Global Securities, Rajasthan Global Securities, Leading Light Fund VCC – The Triumph Fund and Astorne Capital VCC-Arven, according to a circular uploaded on the BSE website.
Vraj Iron and Steel Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vraj Iron and Steel Limited | 21.84 | 21.84 | 285 | 9.48 | 38.32 | 0.73 | Restated |
| Sarda Energy & Minerals Ltd. | 169.94 | 169.94 | 967.72 | N/A | 17.71 | 0.23 | Consolidated |
| Godawari Power & Ispat Ltd. | 61.16 | 61.16 | 277.09 | N/A | 20.31 | 3.49 | Consolidated |
| Shyam Metalics And Energy Limited | 33.26 | 33.26 | 280.79 | N/A | 11.85 | 2.17 | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares as on May 31, 2024, divided by the Diluted EPS.
- Return on Net Worth (RoNW) is calculated as profit attributable to company owners divided by total equity attributable to the owners of the Company as on March 31, 2023.
- Net Asset Value (NAV) is computed as the closing net worth divided by the equity shares outstanding as on March 31, 2023.
Vraj Iron and Steel Limited IPO - Strengths and Risks
Vraj Iron and Steel Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Vraj Iron and Steel Limited
+91-771-4059002
First Floor, Plot No 63 & 66, Ph No 113, Mother Teresa Ward No. 43, 3, Jalvihar Colony, Raipur-492001
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Vraj Iron and Steel Limited IPO is a book-built IPO worth ₹171 crore. The price band is ₹195–₹207 per share. The IPO opens on Jun 26, 2024 and closes on Jun 28, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The price band of Vraj Iron and Steel Limited IPO is ₹195 to ₹207 per share.
The lot size of Vraj Iron and Steel Limited IPO is 72 shares.
The minimum investment for Vraj Iron and Steel Limited IPO is approximately ₹14,904 based on the upper price band .
Vraj Iron and Steel Limited IPO opens on Jun 26, 2024 and closes on Jun 28, 2024.
The allotment date of Vraj Iron and Steel Limited IPO is Jul 1, 2024.
Vraj Iron and Steel Limited IPO is expected to be listed on Jul 3, 2024, on BSE and NSE .
Vraj Iron and Steel Limited IPO listed on Jul 3, 2024. It was issued at ₹240.0(NSE) and is currently around ₹127.65 as on 14-May-2026 3:30 PM, which is approximately -38.3% versus issue price. The 52-week high is ₹194.19.
Based on listing and post-listing performance, Vraj Iron and Steel Limited IPO delivered around -38.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Vraj Iron and Steel Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Vraj Iron and Steel Limited IPO valuation snapshot: P/E 11.49, EPS ₹18.02/-, P/B 2.73, RoNW 23.78%, and market cap N/A.
To apply for Vraj Iron and Steel Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Vraj Iron and Steel Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Vraj Iron and Steel Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Vraj Iron and Steel Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vraj Iron and Steel Limited IPO allotment status on IPO Ji for quick and easy access.