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Vraj Iron & Steel Ltd.
Issue Open Date 26-Jun-24  
Issue Closing Date 28-Jun-24  
Application Money 100  
Allotment Money  
Price Band (Rs.) 195 - 207  
Minimum Bid Quantity. 72  
Issue Size (Shares) 8260869  
Market Lot 1  
Objective :
1) Funding for Capital Expenditure towards the “Expansion Project” at Bilaspur Plant:a) Repayment or prepayment of borrowings from HDFC Bank obtained by our Company for the capital expenditure towards the “Expansion Project” at Bilaspur Plant; andb) Capital expenditure towards the “Expansion Project” at Bilaspur Plant.2) General Corporate Purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   1315385   274668192   208.81  
Qualified Institutional Buyers   1753846   287463888   163.9  
Retail Individual Investors   1753846   287463888   163.9  
Business Description
Our Company is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. We currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. As of March 31, 2023, th...
Promoter's Holding
Total Share Capital   24721720  
Offered to Public   8260869  
Promoter's Holding (Pre-Issue)   99.99  
Promoter's Holding (Post-Issue)   74.95  
More
Address
First Floor
Plot No 63 & 66
Ph No 113
Mother Teresa Ward No. 43
Jalvihar Colony
Raipur ,
Chhattisgarh ,
492001
Phone : 0771-4059002
Email : info@vrajtmt.in
Website : www.vrajtmt.in
Registrar
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
Listed at
BSE, NSE
Lead Manager
Aryaman Financial Services Ltd.
Promoters
Bhinaswar Commercial Pvt Ltd.
Gopal Sponge and Power Pvt Ltd
Kirti Ispat Pvt Ltd.
Kusum Lata Maheshwari
Utkal Ispat Pvt Ltd.
V. A. Transport Pvt Ltd
Vijay Anand Jhanwar