Vruddhi Engineering Works Ltd
Price Range
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Vruddhi Engineering Works Ltd IPO Timeline
Vruddhi Engineering Works Limited was incorporated in Mumbai, Maharashtra as 'Vruddhi Steel Private Limited', a Private Limited Company vide Certificate of Incorporation dated October 27, 2020 issued by Assistant Registrar of Companies, Central Registration Centre. Subsequently, Company converted to a Public Limited and the name of Company was changed to 'Vruddhi Steel Limited', on January 05, 2023, issued by the RoC. Further, the name of Company was changed to 'Vruddhi Engineering Works Limited' and a fresh Certificate of Incorporation dated June 20, 2023 issued by the Registrar of Companies, Mumbai.
| Event | Date |
|---|---|
| Vruddhi Engineering Works Ltd IPO Opening Date | 26 March 2024 |
| Vruddhi Engineering Works Ltd IPO Closing Date | 28 March 2024 |
| Basis of Allotment | 1 April 2024 |
| Initiation of Refunds | 2 April 2024 |
| Credit of Shares to Demat | 2 April 2024 |
| Vruddhi Engineering Works Ltd IPO Listing Date | 3 April 2024 |
Vruddhi Engineering Works Ltd IPO Details
| Vruddhi Engineering Works Ltd IPO Date | - |
| Vruddhi Engineering Works Ltd IPO Face Value | - |
| Vruddhi Engineering Works Ltd IPO Price | - |
| Vruddhi Engineering Works Ltd IPO Lot Size | - |
| Issue Size | - |
| Fresh Issue | - |
| Offer for Sale | - |
| Issue Type | - |
| Listing At | - |
| QIB Shares Offered | Not more than 3,40,000 of the Net Offer |
| Retail Shares Offered | Not less than 2,40,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,40,000 of the Net Offer |
| Company Promoters | Bindi Kunal Mehta |
Vruddhi Engineering Works Ltd IPO Lot Size
The Vruddhi Engineering Works Ltd IPO lot size is Invalid Number shares. A retail-individual investor can apply for up to NaN lots (NaN shares or ₹NaN).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | - | - |
| Maximum | - | - | - |
- Strengths
- Risks
- Opportunities
- Diversified customer base;
- Diversified and Established Product;
- Quality Assurance
- Experienced Promoter and Director with extensive domain knowledge
Company Financials
Vruddhi Engineering Works Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 11.48 | 22.17 | 0.57 |
| 03-2023 | 7.82 | 13.1 | 0.75 |
| 03-2022 | 1 | 2.21 | 0.09 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet working capital requirements
- General corporate puroses
Vruddhi Engineering Works Ltd IPO Promoter Holding
| Pre Issue Share Holding | 96.34% |
| Post Issue Share Holding | 70.38% |
Vruddhi Engineering Works Ltd IPO Subscription Status (Bidding Detail)
The Vruddhi Engineering Works Ltd IPO is subscribed 12.67 times on NaN Invalid undefined 05:00:00 PM. The public issue subscribed 20.1 times in the retail category, 1.05 times in the QIB category, and 28.14 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1.05 | 28.14 | 20.1 | - | 12.67 |
Vruddhi Engineering Works Ltd IPO Prospectus
Vruddhi Engineering Works Ltd IPO Listing Date
| BSE Script | 544157 |
| NSE Symbol | - |
| Listing In | - |
| ISIN | INE0OMZ01013 |
| IPO Price | ₹70 |
| Face Value | ₹10 |
Company Contact Information
Office # 603 6th Flr Cello ThePlaza V P Road Vile Parle West,Mumbai-400056
Phone: +91 022 26128915
Email: cs@vruddhicouplers.com
Website: www.vruddhicouplers.com
Vruddhi Engineering Works Ltd IPO Registrar
Vruddhi Engineering Works Ltd IPO Lead Manager(s)
- Fedex Securities Pvt Ltd
FAQ
What is the issue size of Vruddhi Engineering Works Ltd IPO?
I have pre-applied for Vruddhi Engineering Works Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.