Vraj Iron & Steel IPO

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.

Important Details

Open Date : June 26, 2024 Close Date : June 28, 2024 Allotment Date: July 1, 2024 Listing Date: July 3, 2024

Important Details

IPO Price: INR 195-207 per share Lot Size: 72 Shares Total Issue Size: INR 171 crores

Fundamental Analysis

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

Peer Comparison

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.

Risks And Challenges

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.