Vraj Iron and Steel IPO: From products to financials, here are 10 key things to know from RHP before investing
₹171-crore IPO is an entirely fresh equity share offering without any offer-for-sale component. Public subscriptions for shares are being accepted at prices between ₹195 and ₹207 per share.
The business plans to use the revenues from the IPO for general corporate purposes and expansion initiatives at the Bilaspur site.Vraj Iron and Steel announced on Tuesday that it had raised slightly more than ₹51 crore from anchor investors, one day before its opening share sale opened for public subscription.The registrar of the Vraj Iron and Steel IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Aryaman Financial Services Limited.Also Read: Vraj Iron and Steel IPO booked over 8x on the second bidding day. Apply or not? Check GMP, review, subscription status.The promoters of their company are: Kirti Ispat Private Limited, Bhinaswar Commercial Private Limited, Utkal Ispat Private Limited, Vijay Anand Jhanwar, Kusum Lata Maheshwari, Gopal Sponge and Power Private Limited, V.A.
Transport Private Limited. As of the date of Red Herring Prospectus, 24,721,720 equity shares, or 99.99% of the company's issued, subscribed, and paid-up equity share capital, are held collectively by its promoters.The Raipur-based company Vraj Iron and Steel produces TMT (thermomechanical treatment) bars, MS (mid steel) billets, and sponge iron.It runs two production facilities in Chhattisgarh, one each in Raipur and Bilaspur.The RHP stated that the firm anticipates increasing the aggregate installed capacity of its captive power plants from 5 MW to 20 MW and its overall installed capacity from 231,600 tonne per annum (TPA) to 500,100 TPA following the completion of the expansion project.Also Read: Vraj Iron and Steel IPO booked 3.47x on
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