Vraj Iron & Steel Ltd.
Industry:
Steel & Iron Products
Issue Details
Open Date
26 Jun 2024Close Date
28 Jun 2024Size (in Crs.)
127.066
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-12Lot Size
72
Type
Book building
Face Value
10
Market Lot
1
Objective of the Issue
1) Funding for Capital Expenditure towards the “Expansion Project” at Bilaspur Plant:a) Repayment or prepayment of borrowings from HDFC Bank obtained by our Company for the capital expenditure towards the “Expansion Project” at Bilaspur Plant; andb) Capital expenditure towards the “Expansion Project” at Bilaspur Plant.2) General Corporate Purposes.
Description
Our Company is engaged in manufacturing of Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. We currently operate through two manufacturing plants which are located at Raipur and Bilaspur in Chhattisgarh spread across 52.93 acres. As of March 31, 2023, the aggregate installed capacity of our manufacturing plants was 2,31,600 tons per annum (“TPA”) (comprising of intermediate and final products). Our manufacturing plant at Raipur also includes a captive power plant with an aggregate installed capaci... Show More
Address
First Floor, Plot No 63 & 66 , Ph No 113, Mother Teresa Ward No. 43 , Jalvihar Colony
Raipur
492001
Promoter Holding
Promoters:
Bhinaswar Commercial Pvt Ltd., Gopal Sponge and Power Pvt Ltd, Kirti Ispat Pvt Ltd., Kusum Lata Maheshwari, Utkal Ispat Pvt Ltd., V. A. Transport Pvt Ltd, Vijay Anand Jhanwar
Total Share Capital
24721720
Offered to Public
8260869
% Promoter's Holding (Pre-Issue)
99.99
% Promoter's Holding (Post-Issue)
74.95
Shares on offer
Total Share Offer
24721720
Of above offred to public
8260869
Post Issue shares
NA
Post Issue Promoters
74.95
Lead Managers to the Issue:
Aryaman Financial Services Ltd.
Registrar Details
Registrar Name:
Bigshare Services Pvt Ltd
Address
Office No S6-2, 6th Floor, Pinnacle Business Park , Next to Ahura Centre, Mahakali Caves Road , Andheri (E) , Mumbai
400093