VRUDDHI ENGINEERING WORKS IPO Details Today, GMP Price, Date, Review

VRUDDHI ENGINEERING WORKS IPO Details Today, GMP Price, Date, Review

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

  1.  To Meet working capital requirements.
  2.  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

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