Vraj Iron & Steel Ltd.
Issue Open Date 26-Jun-24  
Issue Closing Date 28-Jun-24  
Application Money 100  
Allotment Money  
Price Band () 195 - 207  
Minimum Bid Quantity. 72  
Issue Size (Shares) 6138462  
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.

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, the aggregate installed capacity of our manufacturing plants was 2,31,600 tons per annum (“TPA”) (comprising of intermediate and fin...

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  
Address
Address :First Floor
Plot No 63 & 66
Ph No 113
Mother Teresa Ward No. 43
Jalvihar Colony
City :Raipur, State :Chhattisgarh Pincode :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

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