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

35%

Subscription

12.50 times

IPO Docs

DRHP RHP


The IPO of Vruddhi Engineering Works Limited is priced at ₹66-70 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on BSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Vruddhi Engineering Works Limited IPO bid opening date is from Mar 26, 2024 and the bid closing date was Mar 28, 2024.
Vruddhi Engineering Works Limited IPO allotment result will be available on Apr 1, 2024. The tentative listing date for Vruddhi Engineering Works Limited is Apr 3, 2024.

The total issue size is 680,000 shares(aggregating up to ₹4.76 Cr).

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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

ROE

16.20%

ROCE

15.53%

Debt/Equity

1.19

RoNW

16.20%

PAT Margin

4.38

Price to Book Value

0.10

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

Established in 2020, Vruddhi Steel Limited offers mechanical splicing solutions to the real estate, construction, and infrastructure industries by developing, designing, and supplying reinforcement couplers.

Its offering list comprises:
rebar couplers on customer-specific demand;
on-site threading of the couplers; and
trading in threading machines and spare parts.

The major customers of Vruddhi Steel are construction contractors, real estate developers, and infrastructure companies. As of March 31, 2023, the company served more than 84 customers in the mechanical splicing vertical and supplied steel products to more than 2 customers in the trading sector.

As of June 30, 2023, the company had more than 20 people working at the warehouse and its 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.

Other Details

Company Contact Details

Vruddhi Engineering Works Limited

Office No 603, 6th Floor, Cello - The Plaza, V P Road, Vile Parle West, Mumbai - 400056

Phone: +91- 022 26128915

Email: cs@vruddhicouplers.com

Website: http://www.vruddhicouplers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

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.