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Vraj Iron & Steel Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Vraj Iron & Steel Ltd IPO

Registered Office: 1st Flr Plot #63 & 66 PH # 113,M.Ter.Ward #43 Jalvihar Colony , Raipur - 492001 , Chattisgarh , India.
Phone : +91 771 4059002   Fax:
Email :  info@vrajtmt.in  
Website :  www.vrajtmt.in
Initial public offering of up to 8,260,869^ equity shares of face value of (Rs)10 each ("Equity Shares") of Vraj Iron and Steel Limited ("The Company" or the "Issuer") for cash at a price of (Rs)207 per equity share (including a premium of (Rs)197 per equity share) ("Issue Price") aggregating to (Rs)171.00^ crores ("The Issue"). The issue will constitute 25.05 % of the post-issue paid-up equity share capital. The face value of the equity shares is (Rs)10 each and the issue price is 20.70 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
26-Jun-24 28-Jun-24 (Rs)207.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :72  Further Multiples of :72

  (Rs Cr) Lead Managers to the Issue
Project Cost 152.29
Aryaman Financial Services Ltd
Project Financed through Current Offer 171.00  
Post Issue Equity Share Capital 32.98  
Issue Price (Rs)207.00  
 
Projects
Expansion Project at Bilaspur PlantGeneral Corporate Purposes
Promoted By
Gopal Sponge & Power Pvt Ltd  
V.A.Transport Pvt Ltd  
Vijay Anand Jhanwar  
Listing At
BSE 
NSE 
Registrar to the Issue
Bigshare Services Pvt Ltd