Vruddhi Engineering Works Limited IPO
BSE SMEListed On: Apr 3, 2024 at ₹ 71.0
₹ 140000 /2000 Shares
Check AllotmentVruddhi Engineering Works Limited IPO Details
26 Mar, 2024
Open Date28 Mar, 2024
Close Date01 Apr, 2024
Allotment Date03 Apr, 2024
Listing DateIssue Price
₹66-70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdList Price
71.0Listing Date
2024-04-03Market Lot
2000 Shares (₹140,000/-)Lead Manager
Fedex Securities Pvt LtdIssue Size
680,000 shares(aggregating up to ₹4.76 Cr)Retail Portion
50%Subscription
12.50 timesIPO Docs
DRHPVruddhi Engineering Works Limited IPO Subscription Details
As on | QIB / NII | Retail | Total |
---|---|---|---|
Shares Offered / Reserved | 136,000 / 102,000 | 238,000 | 476,000 |
Day 1 - 26-03-24 06:00 PM | 0.00 / 0.39 x | 1.75 x | 0.95 x |
Day 2 - 27-03-24 06:00 PM | 2.63 / 1.29 x | 6.85 x | 4.45 x |
Day 3 - 28-03-24 06:00 PM | 1.05 / 28.09 x | 19.63 x | 12.50 x |
Vruddhi Engineering Works Limited Valuations
EPS Pre IPO
₹4.09/-EPS Post IPO
₹2.99/-P/E Pre IPO
17.13P/E Post IPO
23.45RoNW
16.20%Vruddhi Engineering Works Limited Company Financials All values are in ₹ Lakh
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 782.33 | 100.14 | 3.02 |
Revenue | 1,309.62 | 220.65 | 0.44 |
Profit After Tax | 75.33 | 9.44 | -0.88 |
About The Company
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.
Vruddhi Steel's customers include construction contractors, real estate developers and infrastructure companies. As of March 31,2023, the company has served around 84 customers in the mechanical splicing vertical and supplied steel products to over 2 customers in the trading sector.
As of June 30,2023, the company employed over 20 people at its warehouse and head office.
Vruddhi Engineering Works Limited - Promoter(s)
Pre Issue Share Holding: 96.34%
Post Issue Share Holding: %
Company Promoter(s)
- Ms. Bindi Kunal Mehta
Vruddhi Engineering Works Limited IPO - Issue Objectives
- To meet working capital requirements
- General Corporate Purpose.
Vruddhi Engineering Works Limited IPO - FAQs
Ans. Vruddhi Engineering Works Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Mar 26, 2024, and closes on Mar 28, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Vruddhi Engineering Works Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.
Ans. The size of Vruddhi Engineering Works Limited IPO is 680,000 shares(aggregating up to ₹4.76 Cr).
Ans. The IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Vruddhi Engineering Works Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Vruddhi Engineering Works Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Vruddhi Engineering Works Limited IPO is Apr 1, 2024.
Ans. The Vruddhi Engineering Works Limited IPO will be listed on Apr 3, 2024.
Ans. Follow the steps to check the allotment status for Vruddhi Engineering Works Limited IPO here.