Vruddhi Engineering Works
Vruddhi Engineering Works Info
Details about the Vruddhi Engineering Works IPO. Opening Date of Vruddhi Engineering Works is 26 Mar 24 and Closing Date is 28 Mar 24 . Face Value of Each share of Vruddhi Engineering Works is ₹10 per share. Price band of Vruddhi Engineering Works is ₹66 to ₹70. The Lot size of Vruddhi Engineering Works is 2,000 shares. Total issue size of Vruddhi Engineering Works IPO is ₹4.76 cr. Fresh Issue of Vruddhi Engineering Works IPO is 4.76 cr. This is a Book Building IPO. Expected to list on BSE SME. Share Holding Pre Issue of Vruddhi Engineering Works is 1,843,584. Share Holding Post Issue of Vruddhi Engineering Works is 2,523,584.
Business Summary
Vruddhi Engineering Works is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers.
Company’s offering under this vertical includes (a) supply of rebar couplers as per our customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares.
Company believes that it offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar threading. THey believe that the rebar couplers offered by the Company is an alternative to the conventional splicing methods followed in the construction industry.
Vruddhi Engineering Works IPO Details
| Open Date | 26 Mar 24 |
|---|---|
| Close Date | 28 Mar 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹66 - ₹70 |
| Lot Size | 2,000 Shares |
| Total issue Size | 680,000 Shares ₹4.76 cr |
| Fresh Issue | 680,000 Shares ₹4.76 cr |
| Issue Type | Book Building |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,843,584 |
| Share Holding Post Issue | 2,523,584 |
| RHP , DHRP | View RHP, View DRHP |
Vruddhi Engineering Works IPO Timeline
The Vruddhi Engineering Works Initial Public Offering (IPO) is set to open on 26 Mar 24 and will end its subscription phase on 28 Mar 24. You can check your allotment status for Vruddhi Engineering Works on 01 Apr 24. The refund process for your funds will start promptly on 02 Apr 24. Vruddhi Engineering Works IPO credit of shares will be on 02 Apr 24. The listing date for Vruddhi Engineering Works is on 03 Apr 24.
Open Date
Close Date
Basis Of Allotment
Initialization of Refund
Credit of Share
Listing Date
Vruddhi Engineering Works IPO Reservation
The Vruddhi Engineering Works IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, Not less than 15% of the Net Issue will be available for NII, Not less than 35% of the Net Issue will be available for Retail,
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
Vruddhi Engineering Works IPO Lot Size
Bids can be made for minimum of 2000 shares and in multiple of 2000 equity shares thereafter
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 140,000 |
| Retail (Max) | 1 | 2,000 | 140,000 |
| HNI (Min) | 2 | 4,000 | 280,000 |
Vruddhi Engineering Works IPO Promoters Holding
Promoters holding details for Vruddhi Engineering Works in the current issue is as follows: The share holding of promoters before the issue stands at 96.34%, and after the issue, it has been adjusted to -%.
Promoters of Vruddhi Engineering Works are Ms. Bindi Kunal Mehta,
| Share Holding Pre Issue | 96.34% |
|---|---|
| Share Holding Post Issue | -% |
Vruddhi Engineering Works Financial Information
Financial performance details for Vruddhi Engineering Works over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 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 IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Vruddhi Engineering Works are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 17.13 |
| ROCE | 15.53% |
| ROE | 16.20% |
| RoNW | 23.94% |
| EPS (Rs) | 4.09 |
Object of the Issue
- • Funding to meet working capital requirements
- • General corporate purposes
Contact Details for Vruddhi Engineering Works
Phone
Office
Office No 603, 6th Floor, Cello - The Plaza, V P Road, Vile Parle West, Mumbai - 400056
Registrar Details for Vruddhi Engineering Works
Bigshare Services Pvt Ltd
Phone
Office
S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Fedex Securities Pvt Ltd