Vruddhi Engineering Works IPO Details | GMP, Date, Price, Review

Vruddhi Engineering Works IPO Details ( Vruddhi Engineering Works Limited IPO Review )

(26 Mar 2024 – 28 Mar 2024)

Vruddhi Steel Limited, founded in 2020, helps construction, real estate, and infrastructure companies by providing solutions for joining steel bars together. We design, develop, and supply special connectors for this purpose.

Our services include:

• Providing connectors customized to our customers’ needs.
• Installing these connectors directly at construction sites.
• Selling threading machines and spare parts.

Our clients are mainly construction contractors, real estate developers, and infrastructure firms. By March 31, 2023, we had served about 84 customers in the splicing business and provided steel products to over 2 customers in the trading sector.

As of June 30, 2023, we had a team of over 20 employees working at our warehouse and main office.

Vruddhi Engineering Works Limited IPO Competitive Strength

• Diversified customer base
• Diversified and Established Product
• Quality Assurance
• Experienced Promoter Directors with extensive domain knowledge

Vruddhi Engineering Works IPO Financials Performance ( Results )

Vruddhi Engineering Works Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	3.02	0.44	-0.88	0.12	-0.88	2.22
31-Mar-22	100.14	220.65	9.44	9.56	8.56	47.49
31-Mar-23	782.33	1,309.62	75.33	212.12	118.55	323.37
30-Sep-23	808.58	935.36	41.01	253.13	68.77	301.91

Objective of Vruddhi Engineering Works IPO Issue

• To meet working capital requirements;
• General Corporate Purpose.

Vruddhi Engineering IPO Basic Details

IPO Date	Mar 26, 2024 to Mar 28, 2024
Listing Date	Wednesday, April 3, 2024
Face Value	₹10 per share
Price	₹66 to ₹70 per share
Lot Size	2000 Shares
Issue Size	721,212 shares of ₹10 (aggregating up to ₹4.76 Cr)
Fresh Issue	721,212 shares of ₹10 (aggregating up to ₹4.76 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share holding pre issue	1,843,584
Share holding post issue	2,564,796
Company Promoters	Ms. Bindi Kunal Mehta

Vruddhi Engineering IPO Reservation

QIB Shares Offered	47.22% of the Net Issue
NII (HNI) Shares Offered	19.44% of the Net Issue
Retail Shares Offered	33.33% of the Net Issue

Vruddhi Engineering IPO Timetable

Vruddhi Engineering IPO will open on March 26, 2024 and close on March 28, 2024. You can join Vruddhi Engineering IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	26 March 2024 (Tuesday)
Closing Date	28 March 2024 (Thursday)
Basis of Allotment	1 April 2024 (Monday)
Initiation of Refunds	2 April 2024 (Tuesday)
Credit of Shares to Demat	2 April 2024 (Tuesday)
Listing Date	3 April 2024 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on 28 March 2024

Vruddhi Engineering IPO Lot Size

For retail investors in Vruddhi Engineering IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹140,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹140,000.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹140,000
Retail (Max)	1	2000	₹140,000
S-HNI (Min)	2	4000	₹280,000

Vruddhi Engineering Works IPO Promoter Holding

The company’s promoters include Ms. Bindi Kunal Mehta.

Pre Issue Share Holding	96.34%
Post Issue Share Holding

Vruddhi Engineering Works Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	17.67
Earning Per Share (EPS)	₹15.17 per Equity Share
Net Asset Value (NAV)	₹42.71 per Equity Share
P/E Ratio (P/E) (x)	17.13
Post P/E Ratio (P/E) (x)	23.45
Return on Net Worth (RoNW) (%)	16.20
Return on equity (ROE) (%)	16.20
Return on Capital Employed (ROCE) (%)	15.53
Debt/Equity Ratio	1.19
Price/Book Value Ratio	0.10

Vruddhi Engineering Works IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹0	–	–
27 March 2024	₹0	–	–
26 March 2024	₹0	–	–

Vruddhi Engineering Works IPO Detail Video:

link

Vruddhi Engineering Works IPO Subscription Status (Bidding Detail)

The Vruddhi Engineering Works IPO on March 28, 2024 at 7:00:00 PM was subscribed 12.67 times, with the retail category being subscribed 20.10 times, the NII (Non-Institutional Investor) category being subscribed 28.14 times, QIB (Qualified-Institutional Buyers) category being subscribed 1.05 times.

Category	Subscription
QIB	1.05x
NII	28.14x
Retail	20.10x
Total	12.67x

Vruddhi Engineering Works IPO Prospectus

Vruddhi Engineering Works IPO DRHP	Download
Vruddhi Engineering Works IPO RHP	Download

Vruddhi Engineering Works IPO Rating

Our Rating

2.0/5.0

Vruddhi Engineering Works Company Contact Information

Vruddhi Engineering Works Limited

Corporate Identification Number: U28246MH2020PLC348853
Registered Office: Office No 603, 6th Floor, Cello – The Plaza, V P Road, Vile Parle West-400056, Mumbai, Maharashtra, India.
Tel No.: +91 022 26128915
Email: cs@vruddhicouplers.com
Website: www.vruddhicouplers.com
Contact Person: Kishori Jaysingh Sodha, Company Secretary & Compliance Officer
Our Promoter: Bindi Kunal Mehta

Vruddhi Engineering Works IPO Registrar

Link Intime India Private Limited

Registered Office: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, Maharashtra, India
Tel No: +91 022 6263 8200
Fax No: +91 22 6263 8299
E-mail Id: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C.
SEBI Registration No: MB/INR000001385

Vruddhi Engineering Works IPO Lead Manager

Fedex Securities Private Limited

Registered Office: B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India
Tel No.: +91 81049 85249
E-mail: mb@fedsec.in
Website: www.fedsec.in
Contact Person: Saipan Sanghvi
SEBI Registration Number: INM000010163
Investor Grievance E-Mail: mb@fedsec.in

Vruddhi Engineering Works IPO FAQs