Vraj Iron & Steel Ltd. IPO
Vraj Iron & Steel Ltd.
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹207
Issue Price
Listing Price
₹240
Listing Price
Listing Gains
+₹33.00 (+15.94%)
Listing Gains
IPO Details
Bidding Dates
26 Jun - 28 Jun '24
Bidding Dates
Min. Investment
₹14,040
Min. Investment
Lot Size
72.00
Lot Size
Price Range
₹195 - ₹207
Price Range
Issue Size
161 Cr
Issue Size
Subscription Rate
- Retail Individual Investor54.93x
- Non-Institutional Investor208.81x
- Qualified Institutional Buyers163.90x
- Employees
About Company
Vraj Iron and Steel Limited, a prominent player in the steel manufacturing industry, is all set to launch its Initial Public Offering (IPO). This IPO presents a unique investment opportunity, with potential benefits and risks that every investor should consider. In this blog, we'll explore various aspects of the Vraj Iron and Steel IPO, including its important dates, Grey Market Premium (GMP), investment rationale, financial performance, SWOT analysis, and more.
About Vraj Iron and Steel Limited
Vraj Iron and Steel Limited, incorporated in June 2004, is a leading manufacturer in the steel industry, producing Sponge Iron, M.S. Billets, and TMT bars under the brand name Vraj. With two major manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering a total area of 52.93 acres, the company has a significant production capacity. As of March 31, 2023, these plants boast a combined installed capacity of 231,600 tons per year.
The company's diverse product range includes Sponge Iron, TMT Bars, MS Billets, and by-products such as Dolochar, Pellets, and Pig Iron, catering to a wide range of industrial customers and end-users. Notably, the Raipur Plant has achieved ISO 14001:2015 certification, demonstrating a commitment to sustainable practices.
Important Dates - Vraj Iron and Steel IPO Limited IPO
| Application opens on | 26th June 2024 |
| Last date of application | 28th June 2024 |
| Date of Allotment | 01st July 2024 |
| Refund begins from | 02nd July 2024 |
| Credit of shares to Demat | 02nd July 2024 |
| Listing date | 03rd July 2024 |
Vraj Iron and Steel IPO Grey Market Premium
| Date | GMP |
|---|---|
| 24th June | Rs.40 |
| 23rd June | Rs.20 |
| 21st June | Rs.20 |
Why should you invest in Vraj Iron & Steel Ltd. IPO?
Investing in the Vraj Iron and Steel IPO can be considered for several reasons:
- Strong Manufacturing Base: With two integrated steel plants in strategic locations, the company ensures efficient production and distribution.
- Diverse Product Portfolio: The company's range of products caters to various industrial needs, providing stability and growth potential.
- Sustainability Initiatives: The ISO 14001:2015 certification highlights the company's commitment to environmental management.
- Expansion Plans: The ongoing expansion projects indicate a clear path for future growth and increased capacity.
Vraj Iron and Steel IPO Noteworthy Highlights
- Production Capacity: The current capacity is 231,600 TPA, with a planned increase to 500,100 TPA by FY 2025-26.
- Workforce: Employing 533 individuals, the company has a balanced mix of permanent and contract workers.
- Financial Growth: Consistent financial performance with a CAGR of 33.4% from FY21-FY23.
- Strategic Expansion: Focus on the Bilaspur Plant's expansion to enhance production capabilities.
Vraj Iron & Steel Ltd. IPO - SWOT Analysis
Strengths:
- Integrated Operations: Efficient production due to integrated steel plants.
- Diverse Product Range: Broad portfolio catering to various industrial needs.
- Financial Growth: Strong financial performance over recent years.
Weaknesses:
- Geographical Concentration: Dependency on facilities in Chhattisgarh.
- Industry Dependency: Vulnerability to steel industry demand and price fluctuations.
Opportunities:
- Expansion Projects: Increased capacity through ongoing projects.
- Rising Domestic Demand: Growing demand for steel in India.
Threats:
- Market Volatility: Fluctuations in steel prices and demand.
- Operational Risks: Potential delays and cost overruns in expansion projects.
Financial Snapshot - Vraj Iron and Steel Limited IPO
Vraj Iron and Steel Limited's revenue increased by 24.87% and profit after tax (PAT) rose by 88.12% between the financial year ending with March 31, 2023 and March 31, 2022.
Check out the financial performance of Stanley Lifestyles for recent years:
| Financial Year | Total Assets | Total Revenues | Net Profit |
|---|---|---|---|
| March 2021 | Rs 126.33 crore | Rs 290.93 crore | Rs 10.99 crore |
| March 2022 | Rs 150.77 crore | Rs 414.38 crore | Rs 28.70 crore |
| March 2023 | Rs 191.54 crore | Rs 517.42 crore | Rs 54.00 crore |
How to apply for Vraj Iron & Steel Ltd. IPO?
You can apply for the Vraj Iron & Steel Ltd. IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Vraj Iron & Steel Ltd. click here.
2. If you don't have a TradeSmart Account? Sign up.
