Business Standard

Vraj Iron & Steel Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

171.00 cr

Price Range (₹)

207

Lot Size

72

Min Investment (₹)

14,904.00

Listing Exchange

MumbaiNSE

Open Date

26-Jun-2024

Close Date

28-Jun-2024

Listing Date

03-Jul-2024

Vraj Iron & Steel Ltd News

    The Shares of Vraj Iron & Steel Ltd have now been listed.

    Vraj Iron & Steel Ltd IPO Details

    Initial public offering of up to 8,260,869^ equity shares of face value of Rs. 10 each (Equity Shares) of Vraj Iron and Steel Limited (The Company or the Issuer) for cash at a price of Rs. 207 per equity share (including a premium of Rs. 197 per equity share) (Issue Price) aggregating to Rs. 171.00^ crores (The Issue). The issue will constitute 25.05 % of the post-issue paid-up equity share capital. The face value of the equity shares is Rs. 10 each and the issue price is 20.70 times the face value of the equity shares.

    Objective of issue

    Expansion Project at Bilaspur Plant. General Corporate Purposes.

    Vraj Iron & Steel Ltd Contact Details

    Vraj Iron & Steel Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@vrajtmt.in

    Website - www.vrajtmt.in