IPO

Vruddhi Engineering Works Limited IPO

BSE SME

Listed On: Apr 3, 2024 at ₹ 71.0

₹ 140000 /2000 Shares

Check Allotment

Vruddhi Engineering Works Limited IPO Details

26 Mar, 2024

Open Date

28 Mar, 2024

Close Date

01 Apr, 2024

Allotment Date

03 Apr, 2024

Listing Date

Issue Price

₹66-70 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

71.0

Listing Date

2024-04-03

Market Lot

2000 Shares (₹140,000/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

680,000 shares(aggregating up to ₹4.76 Cr)

Retail Portion

50%

Subscription

12.50 times

IPO Docs

DRHP

Vruddhi Engineering Works Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved136,000 / 102,000238,000476,000
Day 1 - 26-03-24 06:00 PM0.00 / 0.39 x1.75 x0.95 x
Day 2 - 27-03-24 06:00 PM2.63 / 1.29 x6.85 x4.45 x
Day 3 - 28-03-24 06:00 PM1.05 / 28.09 x19.63 x12.50 x
Total No. of Applications: 3,063 (Approx)

Vruddhi Engineering Works Limited Valuations

EPS Pre IPO

₹4.09/-

EPS Post IPO

₹2.99/-

P/E Pre IPO

17.13

P/E Post IPO

23.45

RoNW

16.20%

Vruddhi Engineering Works Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets782.33100.143.02
Revenue1,309.62220.650.44
Profit After Tax75.339.44-0.88

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.

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Vruddhi Engineering Works Limited - Promoter(s)

Pre Issue Share Holding: 96.34%

Post Issue Share Holding: %


Company Promoter(s)

  1. Ms. Bindi Kunal Mehta

Vruddhi Engineering Works Limited IPO - Issue Objectives

  1. To meet working capital requirements
  2. 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.