This Chhattisgarh-based steel producer is looking to raise ₹171 Cr through its IPO. This could be your chance to invest in a thriving industry!
Vraj Iron & Steel currently operates 2 plants located at Raipur and Bilaspur with an aggregated capacity of 231,600 tons per year. Their product portfolio caters to both industrial and individual needs.
In FY23, the company reported a total income of ₹517.42 Cr and a net profit of ₹54.00 Cr. For the 9 months ending December 31, 2023, the net profit stood at ₹44.58 Cr.
The IPO is open between 26th to 28th June '24 and the price band is between ₹195 to ₹207 per share with a lot size of 72 shares.
The funds from the issue are likely to be used for Bilaspur Plant “Expansion Project,” repayment or prepayment of borrowings, and general corporate purposes.