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15 Days Price Change

Vraj Iron & Steel IPO

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WEBSITE Inc. Year: 2004 Industry: Steel/Sponge Iron/Pig Iron Listed Page

Profile
Issue Size --
Profile
Price Range 195  to  207 per share
Profile
Min Investment ₹207
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Vraj Iron And Steel Limited, a subsidiary of Gopal Sponge and Power Private Limited (GSPPL) based in Raipur, Chhattisgarh, formerly known as Phil Ispat Pvt. Ltd., stands as a prominent player in the iron and steel manufacturing sector of Central India. Our operations encompass two modern manufacturing units located in Raipur and Bilaspur, equipped with cutting-edge facilities including a Direct Reduced Iron (DRI) unit, Electric Arc Furnace (EAF), continuous billet casting mill, high-speed rolling mill, and advanced quality assurance laboratories. We specialize in producing high-quality iron and steel products that are preferred nationwide for a variety of structural applications. Read More

Basic Info

Face Value 10 per share

Price 195  to  207 per share

P/E (x) 14.5

Sales( Cr.) 475

PAT( Cr.) 44

EPS 14.3

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Gopal Sponge Power Private Limited V. A. Transport Private Limited Vijay Anand Jhanwar

Pre Issue Share Holding 99.99%

Post Issue Share Holding --%

Listing Details:

Listing Price: 240

Listing Gain: 13.75%

Current Price: 128.4

Gain On Issue: 128.4 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Jun 26, 2024
Closing Date Jun 28, 2024
Allotment Jul 01, 2024
Refund Jul 02, 2024
Delivery of Shares Jul 02, 2024
Listing Date Jul 03, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 72 14,904
Retail (Max) 13 936 193,752
S-HNI (Min) 14 1008 208,656
S-HNI (Max) 67 4824 998,568
B-HNI (Min) 68 4896 1,013,472

Objective of the Issue

1. Funding for Capital Expenditure towards the & amp amp amp amp amp amp amp amp quot Expansion Project& amp amp amp amp amp amp amp amp quot at Bilaspur Plant 2. Repayment or prepayment of borrowings from HDFC Bank obtained by the company for the capital expenditure towards the & amp amp amp amp amp amp amp amp quot Expansion Project& amp amp amp amp amp amp amp amp quot at Bilaspur Plant 3. Capital expenditure towards the & amp amp amp amp amp amp amp amp quot Expansion Project& amp amp amp amp amp amp amp amp quot at Bilaspur Plant. 4. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 4130435 718654386 174x
NII 1239131 274665777 221.7x
Retail 2891305 168591995 58.3x
EMP 0 0 0x
Total 8260870 1043843533 126.4x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Vraj Iron & Steel Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 291 414 516 420 475
Other Income 0 0 2 4 4
Total Income 291 414 517 424 479
Total Expenditure 263 366 439 343 412
Operating Profit 28 49 79 81 67
Interest 6 4 3 3 2
Depreciation 7 7 6 6 8
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 16 39 72 76 59
Provision for Tax 5 10 18 18 15
Profit After Tax 11 29 54 57 44
Adjustments 0 0 0 0 0
Profit After Adjustments 11 29 54 57 44
Adjusted Earnings Per Share 4.4 11.6 21.8 23.2 13.4

Vraj Iron & Steel Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 57 87 141 200 397
Minority's Interest 0 0 0 0 0
Borrowings 28 17 8 51 0
Other Non-Current Liabilities 4 4 5 5 7
Total Current Liabilities 39 49 52 41 25
Total Liabilities 128 158 206 298 429
Fixed Assets 64 58 53 48 195
Other Non-Current Assets 18 20 29 123 84
Total Current Assets 47 80 124 127 150
Total Assets 128 158 206 298 429

Vraj Iron & Steel Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0
Cash Flow from Operating Activities 22 9 63 19 14
Cash Flow from Investing Activities -6 -1 -40 -56 -103
Cash Flow from Financing Activities -16 -7 -23 36 90
Net Cash Inflow / Outflow 0 0 -0 -0 1
Closing Cash & Cash Equivalent 0 0 0 0 1

Vraj Iron & Steel Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 4.44 11.61 21.84 23.22 13.37
CEPS(Rs) 7.38 14.52 24.45 25.58 15.77
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 23.21 35.09 57 81.04 120.34
Core EBITDA Margin(%) 9.51 11.7 14.97 18.33 13.2
EBIT Margin(%) 7.59 10.37 14.61 18.77 12.81
Pre Tax Margin(%) 5.45 9.31 13.94 18.08 12.38
PAT Margin (%) 3.78 6.93 10.47 13.67 9.28
Cash Profit Margin (%) 6.28 8.67 11.72 15.06 10.95
ROA(%) 8.56 20.08 29.73 22.8 12.13
ROE(%) 19.14 39.83 47.44 33.65 14.76
ROCE(%) 21.38 36.94 51.42 37 18.45
Receivable days 8.77 8.3 8.75 10.62 12.57
Inventory Days 28.24 23.99 22.52 31.98 35.58
Payable days 19.99 11.38 10.21 15.32 9.74
PER(x) 0 0 0 0 11.52
Price/Book(x) 0 0 0 0 1.28
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.16 0.11 0.04 0.11 0.99
EV/Core EBITDA(x) 1.7 0.89 0.24 0.57 7.04
Net Sales Growth(%) 0 42.43 24.55 -18.58 13.14
EBIT Growth(%) 0 94.61 75.55 4.56 -22.77
PAT Growth(%) 0 161.3 88.12 6.32 -23.2
EPS Growth(%) 0 161.3 88.12 6.31 -42.44
Debt/Equity(x) 0.8 0.49 0.16 0.31 0
Current Ratio(x) 1.21 1.63 2.37 3.09 6.05
Quick Ratio(x) 0.63 0.98 1.76 2.07 4.01
Interest Cover(x) 3.55 9.76 21.65 27.21 29.82
Total Debt/Mcap(x) 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 5% 0% 0%
Operating Profit CAGR -17% 11% 0% 0%
PAT CAGR -23% 15% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -16% NA% NA% NA%
ROE Average 15% 32% 31% 31%
ROCE Average 18% 36% 33% 33%

Company Contact Information

Vraj Iron & Steel Ltd.

First Floor, Plot No 63 & 66 Ph No 113, Mother Teresa Ward No. 43 Jalvihar Colony

IPO Lead Manager(s)

Vraj Iron & Steel Ltd.

Aryaman Financial Services Ltd.

Registrar Info

Vraj Iron & Steel Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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