Vraj Iron and Steel IPO

Vraj Iron and Steel IPO price band is set at ?195 to ?207 per share. The minimum lot size for an application is 72 Shares. The minimum amount of investment required by retail investors is ?14,904. The minimum lot size investment for sNII is 14 lots (1,008 shares), amounting to ?208,656, and for bNII, it is 68 lots (4,896 shares), amounting to ?1,013,472.

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Incorporated in June 2004, Vraj Iron and Steel Limited manufactures Sponge Iron, M.S. Billets, and TMT bars under the brand Vraj. The company runs two manufacturing plants in Raipur and Bilaspur, Chhattisgarh, covering 52.93 acres. As of March 31, 2023, the total installed capacity of the manufacturing plants was 231,600 tons per year, including intermediate and final products. The company currently has a production capacity of 57,600 TPA of MS Billets, which its rolling mills can use to manufacture TMT Bars with a production capacity of 54,000 TPA. The company's product portfolio comprises offerings such as Sponge Irons, TMT Bars, MS Billets, and by-products Dolochar, Pellets, and Pig Iron, which cater to a mix of industrial customers and end-users. Read more

How do I apply for the Vraj Iron and Steel IPO?

You can apply for the Vraj Iron and Steel IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.