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In this video, we'll discuss about Vraj Iron and Steel Limited, which is bringing its IPO to the market.
Vraj Iron and Steel Limited, incorporated in 2004, is a leading iron and steel manufacturer in Central India. The company produces Sponge Iron, M.S. Billets, and TMT bars. With two manufacturing facilities in Chhattisgarh, Vraj has an aggregate installed capacity of 2,31,600 tonnes per annum. The company also owns a captive power plant with a 5MW capacity, which it plans to increase to 20MW by FY25.
From FY21 to FY23, Vraj's revenue grew at a 21% CAGR, with profits increasing over 70%. The IPO size is ₹171 crore, and you can apply from June 26 to June 28, 2024. The lot size is 72 shares, and the price band is ₹195 – ₹207 per share.
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