Vruddhi Engineering Works Limited IPO is an BSE SME IPO. They are going to raise ₹4.76 Crores via IPO. The issue is priced at ₹66 to ₹70 per equity share. The IPO is to be listed on BSE.
Vruddhi Engineering Works Limited IPO opens for subscription on March 26, 2024, and closes on March 28, 2024. The allotment for the Vruddhi Engineering Works Limited IPO is expected to be finalized on April 01, 2024. Vruddhi Engineering Works Limited IPO will list on BSE SME with tentative listing date fixed as April 03, 2024.
| IPO Details | allotment |
| Minimum Investment ₹140,000 /1 Lot (2000 shares) | Price Range ₹66-₹70 | |
| Max Quantity 1 Lots/2000 Shares | Max Investment ₹140,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 4.76 Cr | Employee Discount ₹0 |
| Total Issue Size 680,000 Shares (aggregating up to ₹4.76 Cr) | Share Holding Pree Issue 1,843,584 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 680,000 Shares (aggregating up to ₹4.76 Cr) | Share Holding Post Issue 2,523,584 | Listing At BSE SME |
| Market Maker Portion | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 26 March 2024 |
| Offer Ends | 28 March 2024 |
| Allotment | 01 April 2024 |
| Refunds | 02 April 2024 |
| Credit of shares to Demat account | 02 April 2024 |
| IPO Listing | 03 April 2024 |
About Vruddhi Engineering Works Limited
Established in 2020, Vruddhi Steel Limited provides mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.
The company’s offering list includes:
supply of rebar couplers as per customer requirements;
on-site threading of the couplers; and
trading in threading machines and spare parts.
| Incorporated in | Managing Director |
| 2020 | Mr. |
Share Holding
| Share Holding Pre-Issue | 96.34% |
| Share Holding Post-Issue | % |
Vruddhi Engineering Works Limited IPO Prospectus
| Vruddhi Engineering Works Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹1,309.62 | ₹220.65 | ₹0.44 |
| Assets | ₹782.33 | ₹100.14 | ₹3.02 |
| Profit | ₹75.33 | ₹9.44 | -₹0.88 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 17.67 Cr | ROE | 16.20% |
| P/E (X) | 17.13 | ROCE | 15.53% |
| POST P/E (X) | 23.45 | EPS | 4.09 |
| Debt to Equity | RONW | 16.20% |
Objects of the Issue
The Objects of the company is to raise funds for:
- To meet working capital requirements
- General Corporate Purpose
Brokerage Firm IPO Review
- To be updated soon
| Vruddhi Engineering Works Limited Contact Details | |
| Address | Vruddhi Engineering Works Limited Office No 603, 6th Floor, Cello – The Plaza, V P Road, Vile Parle West, Mumbai – 400056 |
| Phone: | +91- 022 26128915 |
| cs@vruddhicouplers.com | |
| Website | http://www.vruddhicouplers.com/ |
| Vruddhi Engineering Works Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Vruddhi Engineering Works Limited IPO Allotment Status Check |
| Vruddhi Engineering Works Limited IPO Allotment Status Check Click Here |
| Vruddhi Engineering Works Limited Lead Managers | |
| Fedex Securities Limited 305 Enterprise Center, Nehru Road, Vile Parle East, Mumbai – 400 099 | |
| Phone | 022 2613 6460 / 2613 6461 |
| Website | http://www.fedsec.in/ |
Vruddhi Engineering Works Limited IPO FAQs
What is Vruddhi Engineering Works Limited IPO?
- Vruddhi Engineering Works Limited IPO is an BSE SME IPO. They are going to raise ₹4.76 Crores via IPO. The issue is priced at ₹66 to ₹70 per equity share. The IPO is to be listed on BSE.
- The IPO opens on March 26, 2024, and closes on March 28, 2024.
When Vruddhi Engineering Works Limited IPO will open?
- The IPO is to open on March 26, 2024, for QIB, NII, and Retail Investors. and closes on March 28, 2024
What is Vruddhi Engineering Works Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Vruddhi Engineering Works Limited IPO Size?
- Vruddhi Engineering Works Limited IPO size is ₹4.76 crores.
What is Vruddhi Engineering Works Limited IPO Price Band?
- Vruddhi Engineering Works Limited IPO Price Band is ₹66 to ₹70 per equity share.
What is Vruddhi Engineering Works Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (2000 Shares) with ₹140,000. and Maximum Lot Size 1 Lots (2000 Shares) with ₹140,000
What is Vruddhi Engineering Works Limited IPO Allotment Date?
- Vruddhi Engineering Works Limited IPO allotment date is April 01, 2024.
What is Vruddhi Engineering Works Limited IPO Listing Date?
- Vruddhi Engineering Works Limited IPO listing date is April 03, 2024. The IPO to list on BSE.