Vraj Iron and Steel Ltd is launching an IPO with 82.60 lakh shares worth INR 171 cr to repay HDFC Bank borrowings and expand the Bilaspur Plant.
Open Date : June 26, 2024 Close Date : June 28, 2024 Allotment Date: July 1, 2024 Listing Date: July 3, 2024
IPO Price: INR 195-207 per share Lot Size: 72 Shares Total Issue Size: INR 171 crores
Vraj Iron & Steel IPO analysis shows mixed performance: 1. Revenue increased annually but decreased in last 9 months. 2. Steady equity growth observed. 3. Debt-equity ratio increased. 4. Improved profitability with higher EPS. 5. Decrease in RoNW
Vraj Iron & Steel Ltd: Moderate revenue & EBITDA. Sarda Energy & Minerals Ltd: Robust revenue & profitability. Godawari Power & Ispat Ltd: Strong financial performance. Shyam Metalics & Energy Ltd: High revenue & profitability.
Vraj Iron & Steel IPO main objective: 1. Secure funding for the "Expansion Project" at Bilaspur Plant. 2. Repayment or prepayment of borrowings from HDFC Bank. 3. Direct capital expenditure for the expansion project.
Vraj Iron & Steel IPO risks: 1. Vulnerable to disasters and pandemics. 2. Steel market price fluctuations. 3. Negative cash flows affecting financing and liquidity for future projects.