Vraj Iron and Steel Limited

CLOSED

IPO Date: 26 Jun - 28 Jun 2024

Listing Date: 3 Jul 2024

Price Range

₹195 to ₹207 per share

Issue Size

Cr

Min Investment

14,040

Lot Size

72 Shares

Schedule of Vraj Iron and Steel Limited

Issue open date

26 Jun 2024

Issue close date

28 Jun 2024

UPI mandate deadline

28 Jun 2024 (5 PM)

Allotment finalization

1 Jul 2024

Share credit

2 Jul 2024

Listing date

3 Jul 2024

Mandate end date

13 Jul 2024

Issue size

Funds Raised in the IPOAmount
Overall Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date1 Jul 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
3 Jul 202420750257 (24.15%)
2 Jul 202420750257 (24.15%)
1 Jul 202420767274 (32.37%)
30 Jun 202420775282 (36.23%)
29 Jun 202420775282 (36.23%)
28 Jun 202420775282 (36.23%)
27 Jun 202420790297 (43.48%)
26 Jun 202420785292 (41.06%)
25 Jun 202420775282 (36.23%)
24 Jun 202420753260 (25.6%)
23 Jun 202420740247 (19.32%)

Performance Vraj Iron and Steel Limited

Issue PriceListing GainCurrent Market PriceP/L
₹195 to ₹207 per share 729 (21.74%) 181.29-12.42%

About Vraj Iron and Steel Limited

Vraj Iron and Steel Limited was incorporated in June 2004. The company 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.

Founded in2004
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)173.99
      Non-Institutional Investors (NIIs)221.66
      Retail Individual Investors (RIIs)58.31
      EmployeeN/A
      Total126.36