Vruddhi Engineering Works Limited IPO
Vruddhi Engineering Works Limited is a BSE SME IPO listed on the BSE SME platform, priced at ₹66–₹70 per share. The stock debuted at ₹71, delivering a listing gain of 1.4%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,40,000.
Vruddhi Engineering Works Limited IPO
- IPO Dates
- Mar 26, 2024 – Mar 28, 2024
- Price band
- ₹66-70 per equity share
- Minimum Investment
- ₹1,40,000
- Issue size
- ₹4.76 Cr
- Lot size
- 2000
- Allotment Date
- Apr 1, 2024
- Listing
- Apr 3, 2024
- Listing At
- BSE SME
IPO timeline
-
Mar 26, 2024
Open Date
Completed
-
Mar 28, 2024
Close Date
Completed
-
Apr 1, 2024
Allotment Date
Completed
-
Apr 3, 2024
Listing Date
Completed
Vruddhi Engineering Works Limited IPO Essentials
Vruddhi Engineering Works Limited IPO Details
Vruddhi Engineering Works Limited IPO is priced at ₹66-70 per share with a total issue size of 4.76 crore. The IPO has a lot size of 2000 shares and is listed on BSE SME.
- Issue price
- ₹66-70 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 680,000 shares(aggregating up to ₹4.76 Cr)
- Total issue size
- 6,80,000 shares
(aggregating up to ₹4.76 crore) - Fresh issue
- 6,80,000 shares
(aggregating up to ₹4.76 crore) - Listing at
- BSE SME
- List price
- 71.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Fedex Securities Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Vruddhi Engineering Works Limited IPO Analytics
Vruddhi Engineering Works Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Vruddhi Engineering Works Limited IPO Subscription Status
Vruddhi Engineering Works Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹4.09/-
- EPS Post IPO
- ₹2.99/-
- P/E Pre IPO
- 17.13
- P/E Post IPO
- 23.45
Returns
- ROE
- 16.20%
- ROCE
- 15.53%
- RoNW
- 16.20%
- PAT Margin
- 4.38
Fundamentals
- Debt / Equity
- 1.19
- Price / Book
- 0.10
Vruddhi Engineering Works Limited Financials( In Lakhs)
| 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 |
Vruddhi Engineering Works Limited Company & Offer Insights
About Vruddhi Engineering Works Limited
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.
Vruddhi Engineering Works Limited Promoter(s)
Ms. Bindi Kunal Mehta are the company's promoters of Vruddhi Engineering Works Limited.
Vruddhi Engineering Works Limited IPO Issue Objectives
- •
- To meet working capital requirements
- •
- General Corporate Purpose.
Vruddhi Engineering Works Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Vruddhi Engineering Works Limited | 242.66 | 242.66 | 42.71 | N/A | 35.51 | 1.64 | Standalone |
| Shiv Aum Steels Limited | 10.53 | 10.53 | 70.4 | 29.63 | 14.95 | N/A | Consolidated |
| Sru Steels Ltd | 0.87 | 0.87 | 11.09 | 11.47 | 5.26 | N/A | Consolidated |
Notes:
- Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of the fiscal period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share.
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE Ltd/NSE on July 28, 2023, divided by the Diluted EPS for the year ended March 31, 2023, except for Shiv Aum Steels Limited where the last trading closing price was taken i.e., June 23, 2023.
- Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of our Company divided by restated Net Worth for Equity Shareholders of our Company.
Contact Information
Contact Details
Vruddhi Engineering Works Limited
+91- 022 26128915
http://www.vruddhicouplers.com/
Office No 603, 6th Floor, Cello - The Plaza, V P Road, Vile Parle West, Mumbai - 400056
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Vruddhi Engineering Works Limited IPO is a book-built IPO worth ₹4.76 crore. The price band is ₹66–₹70 per share. The IPO opens on Mar 26, 2024 and closes on Mar 28, 2024. It will be listed on BSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Vruddhi Engineering Works Limited IPO is ₹66 to ₹70 per share.
The lot size of Vruddhi Engineering Works Limited IPO is 2000 shares.
The minimum investment for Vruddhi Engineering Works Limited IPO is approximately ₹1,40,000 based on the upper price band .
Vruddhi Engineering Works Limited IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.
The allotment date of Vruddhi Engineering Works Limited IPO is Apr 1, 2024.
Vruddhi Engineering Works Limited IPO is expected to be listed on Apr 3, 2024, on BSE SME Platform.
Vruddhi Engineering Works Limited IPO valuation snapshot: P/E 23.45, EPS ₹2.99/-, P/B 0.10, RoNW 16.20%, and market cap N/A.
To apply for Vruddhi Engineering Works Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Vruddhi Engineering Works Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Vruddhi Engineering Works Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Vruddhi Engineering Works Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Vruddhi Engineering Works Limited IPO allotment status on IPO Ji for quick and easy access.