June 26, 2024 - June 28, 2024

Vraj Iron and Steel IPO Review & Recommendations

BP Equities (BP Wealth), Dilip Davda, GEPL Capital Ltd, Marwadi Shares and Finance Ltd, SMIFS Limited, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Vraj Iron and Steel IPO. Capital Market has given "May Apply" recommendation to Vraj Iron and Steel IPO. SMC Global has "Neutral" view about the IPO.

Vraj Iron and Steel IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	7	1	1	0	0
%	77.78	11.11	11.11	0.00	0.00

Vraj Iron and Steel IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
BP Equities (BP Wealth)	Apply
Capital Market	May Apply
Dilip Davda	Apply
GEPL Capital Ltd	Apply
Marwadi Shares and Finance Ltd	Apply
SMC Global	Neutral
SMIFS Limited	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

Vraj Iron and Steel IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Vraj Iron and Steel IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Vraj Iron and Steel IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is engaged in sponge iron, TM Bars, M S Billets manufacturing and marketing. With its captive power plants, it plays with efficient cost management. It has posted good performances so far and post expansion, the company is confident of maintaining the trends. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may lap it up for medium to long term. Read detail review...

Vraj Iron and Steel IPO Peer Comparison

Vraj Iron and Steel Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Vraj Iron and Steel Limited	21.84	21.84	285.00	9.48	38.32	0.73
Sarda Energy & Minerals Ltd.	169.94	169.94	967.72		17.71	0.23	Consolidated
Godawari Power & Ispat Ltd.	61.16	61.16	277.09		20.31	3.49	Consolidated
Shyam Metalics And Energy Limited	33.26	33.26	280.79		11.85	2.17	Consolidated

Notes:

The figures of Vraj Iron and Steel Limited are based on Restated financial statements for the year ended March 31, 2023.
Current Market Price (CMP) is the closing price of peer group scripts as on May 31, 2024. 127
The figures for the peer group are based on the consolidated audited financials for the year ended March 31, 2023

Vraj Iron and Steel IPO Review by Members

Vraj Iron and Steel IPO Reviews, analysis and views by popular members. Read Vraj Iron and Steel Limited IPO reviews by retail investors to find recommended ipo to buy.

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Vraj Iron and Steel IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	3	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Ankit Dhakad	Apply for Listing Gain at Cut-off Price Apply for great listing gains. 1\| June 25, 2024 3:40:07 PM
Dhanvantri	Apply for Listing Gain at Upper Price Band Plus Point Nice Issue for listing gain Minus point Registrar is BigShare where no body ever got allotment. \| June 26, 2024 8:42:12 AM
Professōr Top Contributor (500+ Posts, 100+ Likes)	Apply for Short Term at Cut-off Price Apply for decent listing gains \| June 26, 2024 8:47:57 PM

Member

Review

Ankit Dhakad

Apply for Listing Gain at Cut-off Price

Apply for great listing gains.

June 25, 2024 3:40:07 PM

Dhanvantri

Apply for Listing Gain at Upper Price Band

Plus Point Nice Issue for listing gain Minus point Registrar is BigShare where no body ever got allotment.

June 26, 2024 8:42:12 AM

Professōr

Top Contributor (500+ Posts, 100+ Likes)

Apply for Short Term at Cut-off Price

Apply for decent listing gains

June 26, 2024 8:47:57 PM

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