Vraj Iron & Steel Ltd.

Industry:

Steel & Iron Products

Issue Details

  • Open Date

    26 Jun 2024
  • Close Date

    28 Jun 2024
  • Size (in Crs.)

    171

  • Size (Shares)

    -
  • Listing On

    BSE, NSE

Issue Terms

  • Price Range

    -12
  • Lot 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

State

Chhattisgarh

Phone No.

0771-4059002

Email

info@vrajtmt.in

Website

www.vrajtmt.in

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

Phone No.

91-022-62638200

Email

Investor@bigshareonline.com

Website

-

Fax

91-022-62638299

Prudent Corporate Advisory Services Ltd.
"Prudent House", Panjrapole Cross Road,
Nr. Polytechnic, Ambawadi,
Ahmedabad - 380 015, Gujarat, India.
For Queries:
kyc@fundzbazar.com
1800 419 5051 (Toll Free)
Compliance Officer:
Mrs. Rima Patel
compliancemf@prudentcorporate.com
(079) 40209600
Social Media

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Company does not offer any scheme for any assured returns. In case, any such scheme offered by any of employee or other Authorized Person of the company, the same should not be accepted and no investment in such scheme to be made. In case of any such scheme offered by any person, kindly contact compliance team of the company on (+91) (79) 40209600. In case any investment made in such scheme, company will not be responsible for any claims or grievances for any loss on account of relying on the said scheme. 

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