The Vruddhi Engineering Works IPO date has been confirmed from March 21, 2024 and closes on March 26, 2024. Read the post to learn about Vruddhi Engineering Works IPO GMP.
Let’s talk about the Vruddhi Engineering Works Developers IPO, shall we? They ’re offering shares at a fixed price of Rs 4.76 crores, with each share priced between ₹ 66 to ₹ 70. Allowing investing? The minimal lot size for an operation is 2000 shares. For retail investors, the minimal investment needed is ₹ 140,000. And for HNIs, it’s 2 lots minimum (4,000 shares), totaling ₹ 280,000. The Company’s public immolations incorporate the request’s own prospects for where it’ll grow and what its perimeters might be like.
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Bidding Dates
March 21-26
Price Range
₹66 to ₹70 per share
Face Value
₹10 per share
GMP
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Vruddhi Engineering Works IPO GMP
The Vruddhi Engineering Works IPO GMP Today is ₹[].
Vruddhi Engineering Works IPO Overview
Calling all investors! Vruddhi Engineering Works is making swells with its Rs4.76 crores IPO. They’re introducing a fresh offer of 6.8 lakh shares. Don’t miss out on subscriptions between March 21 and March 26, 2024. Allocation results anticipated by March 27, 2024, with a conditional table on BSE SME listed for April 1, 2024. The success of the Company’s IPO might attract further coffers and gifts to help apply its expansion plans.
Allowing investing in Vruddhi Engineering Works’ IPO? The share price is estimated at ₹ 66 to ₹ 70. Vruddhi Engineering Works IPO GMP Today is ₹ NA. To share, you ’ll need to apply for a minimum of 2000 shares. Retail investors must commit at least ₹ 140,000, while HNIs need to double that quantum, investing ₹ 280,000 for two lots of 4,000 shares. Judges view the Vruddhi Engineering Works Developers’ IPO as an index of whether the wider request is in the mood for new rosters.
Vruddhi Engineering Works IPO Details
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 680,000 shares (aggregating up to ₹4.76 Cr) |
| Fresh Issue | 680,000 shares (aggregating up to ₹4.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,843,584 |
| Share holding post issue | 2,523,584 |
Vruddhi Engineering Works Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 782.33 | 100.14 | 3.02 |
| Revenue | 1,309.62 | 220.65 | 0.44 |
| Profit After Tax | 75.33 | 9.44 | -0.88 |
| Net Worth | 212.12 | 9.56 | 0.12 |
| Reserves and Surplus | 118.55 | 8.56 | -0.88 |
| Total Borrowing | 323.37 | 47.49 | 2.22 |
| Amount in ₹ Lakhs | |||
Vruddhi Engineering Works IPO Timeline
| IPO Open Date | Thursday, March 21, 2024 |
| IPO Close Date | Tuesday, March 26, 2024 |
| Basis of Allotment | Wednesday, March 27, 2024 |
| Initiation of Refunds | Thursday, March 28, 2024 |
| Credit of Shares to Demat | Thursday, March 28, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
Company Profile
Inaugurated in 2020, Vruddhi Steel Limited has deposited itself as a leading provider of mechanical splicing results to the structure, and real estate sectors. Specializing in the casting, product, and distribution of corroborated couplers, the company caters to a different client base including structure enterprises, real estate inventors, and construction contractors. By March 31, 2023, they had supplied sword accouterments to further than 2 guests in the trade assiduity and tended to around 84 guests in the mechanical splicing sector.
The company employs further than 20 individuals at its head office and storehouse as of June 30, 2023. The company’s immolation list includes force of rebar couplers as per client conditions; on- point threading of the couplers; and trading in threading machines and spare corridor.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Vruddhi Engineering Works Limited |
| Phone number | +91- 022 26128915 |
| Email ID | [email protected] |
| Website | vruddhicouplers.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vruddhi Engineering Works IPO FAQs
When Vruddhi Engineering Works IPO will open?
The Vruddhi Engineering Works IPO opens on March 21, 2024 and closes on March 26, 2024.
What is the lot size of Vruddhi Engineering Works IPO?
Vruddhi Engineering Works IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
When is Vruddhi Engineering Works IPO allotment?
The finalization of Basis of Allotment for Vruddhi Engineering Works IPO will be done on Wednesday, March 27, 2024, and the allotted shares will be credited to your demat account by Thursday, March 28, 2024.
When is Vruddhi Engineering Works IPO listing date?
The Vruddhi Engineering Works IPO listing date is not yet announced. The tentative date of Vruddhi Engineering Works IPO listing is Monday, April 1, 2024.
