247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Vraj Iron and Steel Limited IPO (Vraj Iron and Steel IPO) Details

Vraj Iron and Steel Limited is an Steel - Iron based company, located in Raipur, Vraj Iron and Steel Limited IPO size was 171.00 Cr. and was issued at 207.00 per share. The share of Vraj Iron and Steel Limited were listed at 251.95 per share and are currently trading at 210.16 per share.

Type :
Sub Sector : Sponge Iron
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
406.41 Cr.

PAT :
59.44 Cr.

Pricing Report

Issue Price :
207.00

Listing Price :
251.95

Current Market Price :
210.16

Issue Price vs CMP :
3.16 (1.53%)

listing Price vs CMP :
41.79 (16.59%)

Performance Report (CAGR* wise)

CAGR : 2.78
-ve 0 6 9 12+
Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Vraj Iron and Steel

Company Information
Vraj Iron and Steel Limited currently operates through two manufacturing plants located in Raipur and Bilaspur in Chhattisgarh, covering a total area of 52.93 acres. As of March 31, 2023, the aggregate installed capacity of these plants was 2,31,600 tons per annum (TPA), which includes both intermediate and final products. The Raipur plant also houses a captive power plant with an installed capacity of 5 MW as of March 31, 2023. The company is in the process of expanding the capacities of both its manufacturing plants and its captive power plant. These expansions are expected to increase the aggregate installed capacity to 5,00,100 TPA and the captive power plant
Object of Issue
  • 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 and
  • Capital expenditure towards the "Expansion Project" at Bilaspur Plant
  • General Corporate Purposes

Vraj Iron and Steel MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jul, 2024
IPO Size :
171.00 Cr.
Market Cap :
682.74 Cr.   
IPO Subscription :
126.36 X     
PE Multiple :
11.49
IPO Registrar:
Bigshare Services Private Limited

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See Other MainBoard IPOs in Raipur

Vaswani Industries Limited

  manufacturing Sponge Iron,?Steel Billets & Ingots?and?power generation.

  Raipur


Peer Companies Of This Sector

FAQs

Vraj Iron and Steel operates in Steel - Iron and Sponge Iron. The Issue is listed on MainBoard in Jul, 2024. Vraj Iron and Steel IPO size was 171.00 Cr. with Issue price of 207.00 .

Merchant Banker(s) of Vraj Iron and Steel IPO: Aryaman Financial Services Limited

Vraj Iron and Steel IPO subscription was 126.36 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Vraj Iron and Steel IPO listed at a listing price of 251.95 against the offer price of 207.00.

The current market price of Vraj Iron and Steel is 210.16.

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