Vraj Iron and Steel Limited, established in June 2004, is a prominent manufacturer of M.S. Billets, TMT bars, and sponge iron under the Vraj brand. Operating two state-of-the-art manufacturing units located in Raipur and Bilaspur, Chhattisgarh, the company covers an extensive area of 52.93 acres. As of March 31, 2023, Vraj Iron and Steel's production plants boast a total installed capacity of 231,600 tons per year, encompassing both intermediate and final products. Currently, the company has a manufacturing capacity of 57,600 TPA of MS Billets, which are further utilized by its rolling mills to produce 54,000 TPA of TMT Bars.

The diverse product line of Vraj Iron and Steel includes Sponge Iron, TMT Bars, MS Billets, and by-products such as Dolochar, Pellets, and Pig Iron, catering to both industrial and end-users. Notably, the Raipur Plant has achieved the prestigious Environmental Management System Certification under the ISO 14001:2015 standard, underscoring the company's commitment to sustainable practices.

As of June 30, 2023, Vraj Iron and Steel employed a dedicated workforce of 533 individuals, including 298 permanent employees—7 at the Registered Office, 200 in the Raipur Plant, 87 at the Bilaspur Plant—and 235 contract workers.

IPO Overview

We are excited to share details about the upcoming IPO of Vraj Iron and Steel Limited. The IPO is set to launch on June 26, 2024. Here’s a detailed overview:

Vraj Iron and Steel Limited IPO is a MainBoard book-built issue worth Rs. 171 crore, comprising a total Fresh Issue of 0.83 crore shares. Out of this, 35% is allocated to retail investors, 50% to institutional investors, and 15% to non-institutional investors.

The IPO subscription period will be open from June 26, 2024, to June 28, 2024. The anticipated listing date is July 3, 2024, with the shares set to be listed on both the BSE and NSE. The price band for the shares is set between Rs. 195 to Rs. 207.

Investors interested in participating in this IPO can click here to open a Demat account and get started.

Don’t miss this opportunity to invest in Vraj Iron and Steel Limited and be a part of a company with robust growth prospects and a strong commitment to quality and sustainability.