IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Detail
IPO Information
Financial
Financial Report
Peer Comparison
Performance
Performance Report
Vraj Iron and Steel IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 171.00 Cr. The company is based in Raipur and caters to Steel - Iron sector. Aryaman Financial Services is the merchant banker of Vraj Iron and Steel IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th December 2023.
Vraj Iron and Steel IPO open date is 26th June 2024 and close date is 28th June 2024. IPO Allotment Date is 1st July 2024 and Listing date is 3rd July 2024.
IPO
Size:
₹ 171.00 Cr.
Avg IPO Size (Sector Based)
: ₹
82.09 cr.
Sector: Steel - Iron
IPO so far:
6
Merchant Banker:
Aryaman Financial
IPO by BRLM so far:
7
City:
Raipur
IPO so far:
2
Revenue (annualised):
₹
406.41
cr. 
PE
Ratio:
11.49x
Average Sector PE Ratio: 10.07x
Vraj Iron and Steel IPO size is ₹ 171.00 Cr. with IPO price of ₹ 207.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Aryaman Financial Services Limited is the book-running lead manager of the Vraj Iron and Steel IPO. Bigshare Services Private Limited is the Registrar for Vraj Iron and Steel IPO.
Vraj Iron and Steel IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Vraj Iron and Steel IPO, based in Raipur, operates in the Steel - Iron sector with a focus on sponge iron. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Vraj Iron and Steel IPO size is ₹ 171.00 Cr. with fresh issue size of ₹ 171.00 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Vraj Iron and Steel IPO is expected to be 1st July 2024, after the finalization of basis of allotment. Investors can check Vraj Iron and Steel IPO allotment status on the registrars website, Bigshare Services Private Limited . Vraj Iron and Steel IPO refund dates are 2nd July 2024.
Vraj Iron and Steel IPO is expected to be listed on 3rd July 2024.
The upper price band for the Vraj Iron and Steel IPO is set at ₹ 207.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Vraj Iron and Steel IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Vraj Iron and Steel IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th June 2024. After submission, funds are blocked until the basis of allotment of Vraj Iron and Steel IPO is finalised.
The merchant banker for Vraj Iron and Steel IPO is Aryaman Financial Services Limited . Aryaman Financial Services Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Vraj Iron and Steel IPO RHP for further details.
The registrar for Vraj Iron and Steel IPO is Bigshare Services Private Limited . Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Vraj Iron and Steel IPO through their official website or helpline.
Vraj Iron and Steel IPO was subscribed 126.36 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 171.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 82.09 Cr.
Sector: Steel - Iron
IPO so far:
6
Merchant Banker:
Aryaman Financial
IPO by BRLM so far:
7
City:
Raipur
IPO so far:
2
Revenue (annualised):
₹ 401.76 cr.
PE
Ratio:
11.49x
Average Sector PE Ratio: 10.07x
Vraj Iron and Steel IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Vraj Iron and Steel Financial Review Page
Merchant Banker(s) of Vraj Iron and Steel IPO: Aryaman Financial Services Limited
Vraj Iron and Steel IPO subscription was 126.36 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Vraj Iron and Steel IPO listed at a listing price of 251.95 against the offer price of 207.00.
The current market price of Vraj Iron and Steel is 176.63.
Why Us?
