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Vraj Iron and Steel Limited IPO Review

Vraj Iron and Steel Limited IPO engaged in company manufactures Sponge Iron, M.S. Billets, and TMT bars under the Vraj brand. They have two manufacturing plants located in Raipur and Bilaspur, Chhattisgarh, covering a total area of 52.93 acres.

The expertise and experience of their management team give them a competitive edge as they aim to grow and expand their business. Their experienced Board of Directors, with their deep knowledge of the metal industry, along with a strong senior management team with significant industry experience, form the solid foundation for their company's growth. Their sales and marketing team works on building strong customer relationships, securing new orders, finding new customers, and creating business opportunities. They aim to strategically partner with customers to foster long-term relationships, ensuring consistent orders and steady business growth.

Vraj Iron and Steel Limited Products and Services

Vraj Iron and Steel Limited offers a range of products such as Sponge Iron, TMT Bars, MS Billets, and by-products like Dolochar, Pellets, and Pig Iron, which cater to both industrial customers and end-users. They sell these products both directly and through brokers and dealers. These efforts are part of their ongoing commitment to continual improvement.

Their Strengths are Integrated and well-established manufacturing setup, Manufacturing plants are  strategically located, supported by  robust architecture, leading to cost efficiencies and a stable supply chain, Quantity and Average price of coal procured by the Company, Diversified product mix with strong focus on value added products, their efficiency, like (i) enhancing production by increasing productivity at key points using TPM methods and adjusting output as needed, and (ii) improving how they manage inventory by aiming for smoother material flow and minimizing stockpiling.

Financial Overview

The company manufactures and sells sponge iron, TM Bars, and M S Billets. It efficiently manages costs with its own power plants. It has shown strong performance to date and is confident it will continue after expanding. Based on projected FY24 earnings, the investment seems valued. Investors might consider it for medium to long-term growth.