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VRAJ IRON

Vraj Iron and Steel is a manufacturer specializing in Sponge Iron, M.S. Billets, and TMT Bars under the brand name Vraj. The company operates two manufacturing facilities located in Raipur and Bilaspur, Chhattisgarh, covering a total area of 52.93 acres. As of December 31, 2023, Vraj Iron and Steel is enhancing the production capacity of its existing facilities and its captive power plant. The total production capacity is set to increase from 231,600 tons per annum (TPA) to 500,100 TPA, and the capacity of the captive power plant is projected to rise from 5 Megawatt (MW) to 20 MW.

As of December 31, 2023, the company employs 531 individuals. This includes 296 permanent employees—comprising 3 directors, 9 head office staff, 193 employees at the Raipur plant, and 91 employees at the Bilaspur plant—along with 235 contract employees.

Vraj Iron IPO Details

Signature Global IPO Details
Vraj Iron IPO Dates
26 – 28 Jun 2024
Vraj Iron and Steel IPO Price
INR 195 – 207 per share
Fresh issue
INR 171 crore
Offer For Sale
NIL
Total IPO Size
INR 171 crore
Minimum bid (size)
72 shares (INR 14,904)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Vraj Iron Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

290.71

414.04

515.67

301.32

Expenses

276.53

377.20

448.42

249.09

Net income

10.99

28.70

54.00

44.58

Margin (%)

3.78

6.93

10.47

14.79

Figures in INR Crore unless specified otherwise

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