Vraj Iron & Steel IPO Opens on 26th June '24!

Mainboard IPO

This Chhattisgarh-based steel producer is looking to raise ₹171 Cr through its IPO. This could be your chance to invest in a thriving industry!

About the Company

Vraj Iron & Steel currently operates 2 plants located at Raipur and Bilaspur with an aggregated capacity of 231,600 tons per year. Their product portfolio caters to both industrial and individual needs.

Company Financials

In FY23, the company reported a total income of ₹517.42 Cr and a net profit of ₹54.00 Cr. For the 9 months ending December 31, 2023, the net profit stood at ₹44.58 Cr.

Important IPO Details

The IPO is open between 26th to 28th June '24 and the price band is between ₹195 to ₹207 per share with a lot size of 72 shares.

Objective of the Issue

The funds from the issue are likely to be used for Bilaspur Plant “Expansion Project,” repayment or prepayment of borrowings, and general corporate purposes.