Last updated on April 3, 2024
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.
Promoters of Vruddhi Engineering Works – Bindi Kunal Mehta
Table of Contents
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 Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 0.44 | 220.65 | 1,307.69 | 935.33 |
| Expenses | 1.32 | 208.05 | 1,208.17 | 868.12 |
| Net income | (0.88) | 9.44 | 75.34 | 41.01 |
Vruddhi Engineering Offer News
- Vruddhi Engineering RHP
- Vruddhi Engineering Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Vruddhi Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.55) | 5.90 | 15.17 |
| PE ratio | – | – | 4.35 – 4.61 |
| RONW (%) | (733.33) | 98.74 | 35.51 |
| NAV | 0.08 | 5.98 | 42.71 |
| ROCE (%) | (37.53) | 22.26 | 21.57 |
| EBITDA (%) | (198.26) | 6.50 | 10.33 |
| Debt/Equity | 1.00 | 41.48 | 9.12 |
Vruddhi Engineering IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 28 March 2024 | – | – | – |
| 27 March 2024 | 5 | – | 7,000 |
| 26 March 2024 | 10 | – | 12,500 |
Vruddhi Engineering IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 356,000 | 62,000 | 226,000 | 644,000 |
| 28 Mar 2024 | 1.01 | 63.55 | 21.06 | 14.07 |
| 27 Mar 2024 | 1.01 | 2.13 | 7.21 | 3.29 |
| 26 Mar 2024 | 0.50 | 0.65 | 1.99 | 1.04 |
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 Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Finalization of Basis of Allotment | 1 April 2024 |
| Initiation of refunds | 2 April 2024 |
| Transfer of shares to demat accounts | 2 April 2024 |
| IPO Listing Date | 3 April 2024 |
| Opening Price on BSE SME | INR 71 per share (up 1.43%) |
| Closing Price on BSE SME | INR 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:Â [email protected]
Website:Â 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:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â 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.
