Vruddhi Engineering IPO is Open on March 26, 2024 and Close on March 28, 2024. Vruddhi Engineering IPO to Raise Fund 680,000 Shares (Approx ₹4.76 Cr) via IPO. The Fresh Issue of 680,000 Shares (Approx ₹4.76 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%.
Vruddhi Engineering IPO is an SME IPO and Listed on BSE SME. Vruddhi Engineering Price Band is Fixed at ₹66 to ₹70 per ₹10 Equity Share. Vruddhi Engineering IPO Lot Size is 2000 Shares.
About Vruddhi Engineering:
Vruddhi Engineering is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. Our 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. Our Company believes that it offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar
threading. We believe that the rebar couplers offered by our Company is an alternative to the conventional splicing methods followed in the construction industry.
Vruddhi Engineering supplys and provide its mechanical splicing solutions to construction contractors, real estate developers and infrastructure companies. Our Company supply our rebar couplers in the domestic market. Our revenue from the sale of rebar couplers is ₹450.27 lakhs, ₹105.83 lakhs and ₹0.44 lakhs for the Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively. As our Company primarily caters to the construction industry.
Vruddhi Engineering with an objective to expand its product offerings acquired the running business of the proprietorship concern of our Promoter namely, “M/s. Kosmo Ventures”, along with the assets and liabilities of the proprietorship concern as going concern. Kosmo Ventures was engaged in the business of trading of reinforcement bars (TMT bars) and machinery. The acquisition was completed on January 31, 2023 and since then, our Company has expanded into the business of trading of reinforcement bars (TMT bars) and machinery as a trader and service provider. Our revenue from trading of Steel Products for the 2 (two) months period ending on March 31, 2023 is ₹629.13 lakhs.
The products supplied byVruddhi Engineering i.e. rebar couplers and Steel Products finds its application with construction contractors, real estate developers and infrastructure companies and are used in the construction of residential and commercial buildings, steel structures, roads, etc. Our Company design and engineer the rebar couplers as per the customers requirement and is manufactured by a third-party manufacturer.
Vruddhi Engineering IPO Subscription Status day-by-day-
| Categories | 26 Mar | 27 Mar | 28 Mar |
|---|---|---|---|
| QIB | 1.31 | 2.63 | 0.00 |
| NII | 0.29 | 0.96 | 0.00 |
| RII | 1.89 | 6.82 | 0.00 |
| Total | 0.00 | 4.13 | 0.00 |
Vruddhi Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering). QIBs Are A Category Of Institutional Investors Who Are Considered Financially Sophisticated And Meet Certain Regulatory Criteria For Participating In Capital Markets. In The Context Of An IPO, QIBs Play A Significant Role As They Contribute To The Overall Demand For Shares And Help Determine The Success Of The Offering.
Who Is NII In IPO?
NII Stands For “Non-Institutional Investors” In The Context Of An IPO (Initial Public Offering). Non-Institutional Investors Are A Category Of Investors Who Participate In The IPO Alongside Institutional Investors And Retail Investors. NII Typically Includes High Net Worth Individuals (HNIs), Corporate Bodies, Trusts, And Other Entities That Are Not Classified As Institutional Investors But Have The Financial Capacity To Invest Significant Amounts In The IPO.
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.” In Some IPOs, A Certain Portion Of The Shares May Be Reserved For Allocation To Employees Of The Company Going Public. These Employees Are Often Referred To As “Employee Shareholders” Or “Employee Participants” (EMP).
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