Vraj Iron and Steel Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 25-06-2024 | 27-06-2024 | 10 | 0 | 72 Shares | BSE, NSE | 8,260,870 shares (aggregating up to ₹171.00 Cr) | 2024-06-30 18:30:00 | 2024-07-01 18:30:00 | 2024-07-01 18:30:00 | 02-07-2024 |
About The Company
Vraj Iron and Steel IPO is a book built issue of Rs 171.00 crores. The issue is entirely a fresh issue of 0.83 crore shares.
Vraj Iron and Steel IPO opens for subscription on June 26, 2024 and closes on June 28, 2024. The allotment for the Vraj Iron and Steel IPO is expected to be finalized on Monday, July 1, 2024. Vraj Iron and Steel IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, July 3, 2024.
Vraj Iron and Steel IPO price band is set at ₹195 to ₹207 per share. The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ₹14,904. The minimum lot size investment for sNII is 14 lots (1,008 shares), amounting to ₹208,656, and for bNII, it is 68 lots (4,896 shares), amounting to ₹1,013,472.
Aryaman Financial Services Limited is the book running lead manager of the Vraj Iron and Steel IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-12-2023 | 253 | 305 | 45 | 187.5 | 162.78 | 49.3 |
| 30-03-2023 | 192 | 517 | 54 | 140.92 | 135.97 | 22.98 |
| 30-03-2022 | 151 | 414 | 29 | 87.14 | 82.19 | 42.51 |
| 30-03-2021 | 126 | 291 | 11 | 57.79 | 52.85 | 45.78 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 0.97 |
| Non-Institutional Buyers | 34.62 |
| bNII (bids above ₹10L) | 29.63 |
| sNII (bids below ₹10L) | 44.60 |
| Retail Investors | 20.78 |
| total | 18.09 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 72 | 14904 |
| Retail (Max) | 13 | 936 | 193752 |
| S-HNI (Min) | 14 | 1008 | 208656 |
| S-HNI (Max) | 67 | 4824 | 998568 |
| B-HNI (Min) | 68 | 4896 | 1013472 |
IPO Listing Details
| Listing Date | 02-07-2024 |
| BSE Script Code | 544204 |
| NSE Symbol | VRAJ |
| ISIN | INE0S2V01010 |
| Final Issue Price | 207 |
Promoter holdings
opal Sponge and Power Private Limited, V. A. Transport Private Limited and Vijay Anand Jhanwar.
Contact Information of the Company
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: info@vrajtmt.in
Website: https://www.vrajtmt.in/
IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager
Aryaman Financial Services Limited (Past IPO Performance)