May 18, 2024
Vruddhi Engineering Ipo
Vruddhi Engineering IPO

 

Vruddhi Engineering IPO description – Vruddhi Engineering Works primarily specializes in providing mechanical splicing solutions to the real estate, construction, and infrastructure sectors by designing, engineering, and supplying rebar couplers. The company’s offerings in this vertical comprise (a) supplying rebar couplers tailored to customer requirements; (b) providing on-site threading services for the couplers; and (c) trading in threading machines and spare parts.

The company supplies its mechanical splicing solutions to construction contractors, real estate developers, and infrastructure companies. It distributes its rebar couplers in the domestic market. As of 31 March 2023, Vruddhi Engineering Works has served approximately 84 customers in the mechanical splicing vertical and has supplied over 2 customers in the trading of steel products.

In the domestic market, the company currently has a presence in Pune, Dhule, Surat, Mangalore, Hyderabad, Kolkata, and Bangalore, with the majority of its business coming from the Mumbai market. As of 30 June 2023, the company employed over 20 individuals at its warehouse and head office.

Vruddhi Engineering IPO Details

Vruddhi Engineering IPO Dates 26 – 28 March 2024
Vruddhi Engineering Works IPO Price INR 66 – 70 per share
Fresh issue 680,000 shares (INR 4.49 – 4.76 crore)
Offer For Sale NIL
Total IPO size 680,000 shares (INR 4.49 – 4.76 crore)
Minimum bid (lot size) 2,000 shares (INR 140,000)
Face Value  INR 10 per share
Retail Allocation 35%
Listing On BSE SME

 

Vruddhi Engineering IPO Timetable

IPO Open Date Tuesday, March 26, 2024
IPO Close Date Thursday, March 28, 2024
Basis of Allotment Monday, April 1, 2024
Initiation of Refunds Tuesday, April 2, 2024
Credit of Shares to Demat Tuesday, April 2, 2024
Listing Date Wednesday, April 3, 2024

 

 

Vruddhi Engineering IPO Financials Performance ( Results )

                                                                                                                                          All Amount in ₹ Lakhs

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 808.58 782.33 100.14 3.02
Revenue 935.36 1,309.62 220.65 0.44
Profit After Tax 41.01 75.33 9.44 -0.88
Net Worth 253.13 212.12 9.56 0.12
Reserves and Surplus 68.77 118.55 8.56 -0.88
Total Borrowing 301.91 323.37 47.49 2.22

Vruddhi Engineering IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue

 

Vruddhi Engineering IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 ₹140,000
Retail (Max) 1 2000 ₹140,000
HNI (Min) 2 4,000 ₹280,000

 

 

Vruddhi Engineering IPO Subscription Status (Bidding Detail)

Category Subscription
QIB 0.00x
NII 0.00x
Retail 0.00x
Total 0.00x

 

Vruddhi Engineering IPO GMP Live Update

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
26-03-2024 70.00 ₹0 line ₹70 (0%) 26-Mar-2024 9:30
25-03-2024 70.00 ₹0 line ₹70 (0%) 26-Mar-2024 0:26
24-03-2024 70.00 ₹0 line ₹70 (0%) 25-Mar-2024 0:31
23-03-2024 70.00 ₹0 line ₹70 (0%) 24-Mar-2024 0:26
22-03-2024 70.00 ₹0 line ₹70 (0%) 23-Mar-2024 0:32
21-03-2024 70.00 ₹0 line ₹70 (0%) 22-Mar-2024 0:29
20-03-2024 70.00 ₹0 line ₹70 (0%) 20-Mar-2024 19:31
19-03-2024 70.00 ₹0 line ₹70 (0%) 20-Mar-2024 0:25

 

Vruddhi Engineering Offer Lead Manager

FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in

 

Vruddhi Engineering Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Vruddhi Engineering IPO Contact Details

VRUDDHI ENGINEERING WORKS LIMITED
Office No 603, 6th Floor, Cello – The Plaza, V P Road,
Vile Parle West-400056, Mumbai, Maharashtra
Phone: +91 022 26128915
E-mail: cs@vruddhicouplers.com
Website: www.vruddhicouplers.com

 

 

Vruddhi Engineering Works IPO FAQs

What is the Vruddhi Engineering Works IPO size?

Vruddhi Engineering offer size is INR 4.49 – 4.76 crores.

What is the Vruddhi Engineering Works IPO price band?

Vruddhi Engineering public offer price is INR 66 – 70 per share.

What is the lot size of the Vruddhi Engineering IPO?

Vruddhi Engineering offer lot size is 2,000 shares.

What is Vruddhi Engineering IPO GMP today?

Vruddhi Engineering IPO GMP today is INR NA per share.

What is the Vruddhi Engineering kostak rate today?

Vruddhi Engineering kostak rate today is NA per application.

Trust Fintech IPO Read More….

Leave a Reply

Your email address will not be published. Required fields are marked *

News Surf Online