Issue Price
₹207
Per Share
GMP
NIL
Grey Market
Est. Listing
₹207
Expected Price
Min. Application
₹29,808
2 lots × 72 shares
Incorporated in June 2004, 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 & Steel Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 8,260,869 | 100.00% | ₹171.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 72 | ₹14,904 |
| Retail (Max) | 13 | 936 | ₹193,752 |
| sNII (Min) | 14 | 1,008 | ₹208,656 |
| bNII (Min) | 68 | 4,896 | ₹1,013,472 |
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 304.81 | 517.42 | 414.38 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 44.58 | 54.00 | 28.70 |
| Net Worth | 187.50 | 140.92 | 140.92 |
| Total Assets | 253.05 | 191.54 | 150.77 |
| Reserves & Surplus | 162.78 | 135.97 | 82.19 |
| Total Borrowings | 49.30 | 22.98 | 42.51 |