31 Mar 2021
Assets126.33
Total Income290.93
Profit After Tax10.99
NET Worth57.79
Reserves and Surplus52.85
Total Borrowing45.78
At a glance
Updated 2026-09-13The shares listed at ₹240.00, a 15.94% move from the issue price. Vraj Iron and Steel is a Mainboard IPO with an issue size of ₹171.00 crore, proposed for listing on BSE, NSE. The offer opens on 26th Jun 2024 and closes on 28th Jun 2024. The issue structure includes a fresh issue of ₹171.00 crore. The current listing schedule points to 3rd Jul 2024.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹171.00 Cr
Fresh issue₹171.00 Cr
Face value₹10
Price band₹195.00–₹207.00
Allotment1st Jul 2024
Listing3rd Jul 2024
Listing performance
Full performance ↗Issue price₹207.00
Listing price₹240.00
Current price—
Listing gain15.94%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹50.00
GMP / upper price24.15%
Est. listing₹257.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens26th Jun 2024
Closes28th Jun 2024
Allotment1st Jul 2024
Refund2nd Jul 2024
Demat2nd Jul 2024
Listing3rd Jul 2024
Subscription demand
Full bidding ↗Total126.36×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 72 | ₹14,904 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment or prepayment of borrowings from HDFC Bank | ₹70.00 Cr |
| Capital expenditure towards the “Expansion Project” at Bilaspur Plant | ₹59.50 Cr |
| General Corporate Purposes | ₹22.80 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue304.81₹ Cr · -41.1% vs prior year
PAT44.58₹ Cr · -17.4% vs prior year
Assets253.05₹ Cr · +32.1% vs prior year
Net Worth187.50₹ Cr · +33.1% vs prior year
Borrowing49.30₹ Cr · +114.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets150.77
Total Income414.38
Profit After Tax28.70
NET Worth87.14
Reserves and Surplus82.19
Total Borrowing42.51
31 Mar 2023
Assets191.54
Total Income517.42
Profit After Tax54.00
NET Worth140.92
Reserves and Surplus135.97
Total Borrowing22.98
31 Dec 2023
Assets253.05
Total Income304.81
Profit After Tax44.58
NET Worth187.50
Reserves and Surplus162.78
Total Borrowing49.30
KPIs
| KPI | Dec 31, 23 |
|---|---|
| ROE | 23.78% |
| ROCE | 25.34% |
| Debt / Equity | 0.27% |
| RoNW | 23.78% |
| PAT Margin | 3.61% |
| Price to Book Value | 2.73 |
Valuation & shareholding
Pre-IPO EPS21.84
Post-IPO EPS18.02
Pre-IPO P/E9.48
Post-IPO P/E11.49
Promoter holding pre99.99%
Promoter holding post74.95%
Market cap₹682.74 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Vraj Iron and Steel IPO | — | 11.49 x | — | — |
| Behari Lal IPO | — | 18.65 x | — | — |
| Vaswani Industries IPO | — | 15.76 x | — | — |
| Gyscoal Alloys IPO | — | 10.25 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | ₹2.92 Cr |
| Brokerage and Selling Commission | ₹1.51 Cr |
| Printing & Stationery, Distribution, Postage, etc. | ₹0.40 Cr |
| Advertisement and Marketing Expenses | ₹11.00 Cr |
| Stock Exchange Fees, Regulatory and other Expenses | ₹2.88 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Aryaman Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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