VRAJ IRON AND STEEL LIMITED

26 Jun 2024 - 28 Jun 2024 Individual Category Main Board BSE NSE

Min Investment

₹28080

Price Band

₹195-₹207

Issue Size

61.38 lakhs
Equity Shares

Lot Size

72 (per lot)

IPO Dates
img

26 Jun 2024

Open Date

img

28 Jun 2024

Close Date

img

01 Jul 2024

Allotment Date

img

03 Jul 2024

Listing Date

Vraj Iron and Steel IPO is open for subscription starting Wednesday, June 26, 2024, and closing on Friday, June 28, 2024. The price is decided at Rs 195 to Rs 207 per share. The minimum lot size for the retail category is 72 shares. The minimum lot size for small NII is 14 lots consisting of 1008 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4,896 shares. The minimum investment required for retail category investors is Rs 14,904 (207 x 72 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,08,650 (207 x 1008 shares); for big non-institutional investors, it is Rs 10,13,472 (207 x 4,896 shares). Vraj Iron and Steel IPO is a book-built issue of Rs 171 crores. This issue is an entirely fresh issue of Rs 0.83 crore equity shares. The allotment for this IPO is expected to be finalised on Monday, July 1, 2024. Vraj Iron and Steel Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, July 3, 2024. The book-running lead manager of Vraj Iron and Steel Limited is Aryaman Financial Services Limited. The registrar for this new IPO is Bigshare Services Private Limited.

Know Before Investing

Strengths icon

Weaknesses icon

About Vraj Iron And Steel Limited

Vraj Iron and Steel Limited incorporated in June 2004, is a subsidiary of Gopal Sponge and Power Private Limited. The company manufactures steel and iron. The company is expanding their business and is in the process of adding fresh capacities to the manufacturing plants and captive power plants and diversifying into related segments. Vraj Iron and Steel 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.Vraj Iron and Steel Limited has two manufacturing plants at  Raipur and Bilaspur in Chhattisgarh. The company's steel plant includes manufacturing setups like a DRI unit, EAF, continuous billet casting mill, sophisticated and high-speed rolling mill, microprocessor-based products technologies and fully-equipped quality assurance and testing laboratories. As per latest data, the company has a team of 533 employees, including 298 permanent employees, 7 at the registered office, 200 at the Raipur Plant, 87 at the Bilaspur Plant, and 235 contract workers.

Founded

2004

Managing Director

Gopal Sponge

Parent Organization

IPO Objectives

The net amount received from this IPO will be allocated for capex toward the expansion of Bilaspur Plant, repayment or prepayment of the certain borrowings from HDFC Bank obtained by the company. Other than this, general corporate purposes will also be fulfilled. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
img

How to Apply for IPO

img img

Login

Login to your Bigul Account

Select Lots & Price

Choose the number of lots and price

UPI ID

Enter your UPI ID

UPI Mandate Request

A UPI Mandate Request Triggered

Approve Mandate

Approve the UPI Mandate Request

IPO Allotment

YES Share will be credited. and the amount will be debited

Close

Let's Open Free Demat Account