OUR BUSINESS
Incorporated in 2020 “Vruddhi Steel Private Limited 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.
Vruddhi Engineering Works offerings :-
- Supply of Rebar Couplers as Per our Customer needs.
- On-site threading services of the couplers.
- 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 Works 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.
Vruddhi Engineering Works designs and engineer the rebar couplers as per the customers requirement and is manufactured by a third-party manufacturer.
VRUDDHI ENGINEERING WORKS IPO DATE & PRICE BAND DETAILS
| IPO Open Date | Mar 26, 2024 |
|---|---|
| IPO Close Date | Mar 28 2024 |
| IPO Size | 680,000 shares (approx ₹4.76 Cr) |
| Fresh Issue | 680,000 shares (approx ₹4.76 Cr) |
| IPO Face Value | ₹10 Per Equity Share" |
| Lot Size | 2000 Shares |
| IPO Price Band | ₹66 to ₹70 Per Every Share |
| IPO Listing On | BSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
VRUDDHI ENGINEERING WORKS IPO MARKET LOT DETAILS
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
OBJECTS OF ISSUE
- To Meet working capital requirements.
- General Corporate Purpose.
VRUDDHI ENGINEERING WORKS IPO ALLOTMENT & LISTING DATE (DETAILS)
| IPO Open Date | Mar 21, 2024 |
|---|---|
| IPO Close Date | Mar 26, 2024 |
| Basis of Allotment | Mar 27, 2024 |
| Refunds | Mar 28, 2024 |
| Credit to Demat Account | Mar 28, 2024 |
| IPO Listing Date | April 1, 2024 |
VRUDDHI ENGINEERING WORKS FINANCIAL REPORTS
| ₹ in Lakhs | |||
|---|---|---|---|
| Year | Revenue | Networth | PAT |
| 2023 | ₹1309.62 | ₹212.12 | ₹75.33 |
| 2022 | ₹220.65 | ₹9.56 | ₹9.44 |
| 2021 | ₹0.44 | ₹0.12 | ₹-0.88 |
OUR COMPANY PROMOTER
- Bindi Kunal Mehta
Qualitative Factors
- Diversified customer base.
- Diversified and Established Product.
- Quality Assurance.
- Experienced Promoter and Director with extensive domain knowledge.
VRUDDHI ENGINEERING WORKS IPO PEER COMPARISON
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Vruddhi Engineering Works Ltd | 10 | 242.66 | [*] | 35.51% | 683.30* | 1307.69 |
| Shiv Aum Steels Limited | 10 | 10.53 | 28.49 | 14.95% | 70.40 | 49,592.70 |
| SRU Steels Limited | 10 | 0.87 | 24.89 | 5.26% | 11.09 | 1,671.64 |
VRUDDHI ENGINEERING WORKS COMPANY CONTACT DETAILS
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
VRUDDHI ENGINEERING WORKS IPO REGISTAR
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
E-mail Id: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Babu Rapheal C
