Vruddhi Engineering IPO GMP, Review, Price, Allotment

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Vruddhi Engineering IPO GMP

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 Works

Promoters of Vruddhi Engineering Works – Bindi Kunal Mehta


Vruddhi Engineering IPO Details

Vruddhi Engineering IPO Dates26 – 28 March 2024
Vruddhi Engineering Works IPO PriceINR 66 – 70 per share
Fresh issue680,000 shares (INR 4.49 – 4.76 crore)
Offer For SaleNIL
Total IPO size680,000 shares (INR 4.49 – 4.76 crore)
Minimum bid (lot size)2,000 shares (INR 140,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnBSE SME

Vruddhi Engineering Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue0.44220.651,307.69935.33
Expenses1.32208.051,208.17868.12
Net income(0.88)9.4475.3441.01
Figures in INR Lakhs unless specified otherwise

Vruddhi Engineering Offer News


Vruddhi Engineering Valuations & Margins

FY 2021FY 2022FY 2023
EPS(0.55)5.9015.17
PE ratio4.35 – 4.61
RONW (%)(733.33)98.7435.51
NAV0.085.9842.71
ROCE (%)(37.53)22.2621.57
EBITDA (%)(198.26)6.5010.33
Debt/Equity 1.0041.489.12
*Compiled by IPO Central from Prospectus

Vruddhi Engineering IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
28 March 2024
27 March 202457,000
26 March 20241012,500

Vruddhi Engineering IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered356,00062,000226,000644,000
28 Mar 20241.0163.5521.0614.07
27 Mar 20241.012.137.213.29
26 Mar 20240.500.651.991.04

The market maker reservation portion of 36,000 shares is not included in the above calculations.


Vruddhi Engineering IPO Allotment Status

Vruddhi Engineering IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.


Vruddhi Engineering IPO Dates & Listing Performance

IPO Opening Date26 March 2024
IPO Closing Date28 March 2024
Finalization of Basis of Allotment1 April 2024
Initiation of refunds2 April 2024
Transfer of shares to demat accounts2 April 2024
IPO Listing Date3 April 2024
Opening Price on BSE SMEINR 71 per share (up 1.43%)
Closing Price on BSE SMEINR 74.55 per share (up 6.50%)

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[email protected]
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:  [email protected]
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: [email protected]
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.

What is Vruddhi Engineering Subject to Sauda rate today?

Vruddhi Engineering are Subject to the Sauda rate today is INR NA per application.

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