Vruddhi Engineering Works IPO

Vruddhi Engineering Works IPO will open for subscription from 21 March 2024. The company aims for an issue size of ₹4.76 Cr through this IPO.

Company Overview

Full nameVruddhi Engineering Works Limited
SectorCapital Goods
Company Websitehttps://vruddhicouplers.com/

About Company

Vruddhi Engineering Works primarily specializes in providing mechanical splicing solutions to the real estate, construction, and infrastructure sectors by designing, engineering, and supplying rebar couplers. The company’s offerings in this vertical comprise (a) supplying rebar couplers tailored to customer requirements; (b) providing on-site threading services for the couplers; and (c) trading in threading machines and spare parts.

The company supplies its mechanical splicing solutions to construction contractors, real estate developers, and infrastructure companies. It distributes its rebar couplers in the domestic market. As of 31 March 2023, Vruddhi Engineering Works has served approximately 84 customers in the mechanical splicing vertical and has supplied over 2 customers in the trading of steel products.

In the domestic market, the company currently has a presence in Pune, Dhule, Surat, Mangalore, Hyderabad, Kolkata, and Bangalore, with the majority of its business coming from the Mumbai market. As of 30 June 2023, the company employed over 20 individuals at its warehouse and head office.

The Objectives of the Issue

  • To meet working capital requirements;
  • General Corporate Purpose.

Vruddhi Engineering Works IPO Timetable

IPO Opening date21 March 2024
IPO Closing26 March 2024
Basis of Allotment27 March 2024
Initiation Refund28 March 2024
Credit to Demat Account28 March 2024
Listing Date01 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on March 26, 2024)

Vruddhi Engineering Works IPO details

Issue typeBook Built Issue IPO
IPO issue size₹4.76 Cr – 680,000 shares
Fresh Issue₹4.76 Cr – 680,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹66 to ₹70 per share
Lot size2000 Shares
Shareholding pre-issue1,843,584
Shareholding post-issue2,523,584
Listing ExchangeBSE SME

Vruddhi Engineering Works IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Vruddhi Engineering Works IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Vruddhi Engineering Works Financial Performance

 FY 2021FY 2022FY 2023
Net income(0.88)9.4475.33
(Amount in ₹ Lakhs)

Vruddhi Engineering Works Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio4.35 – 4.61
RONW (%)(733.33)98.7435.51
ROCE (%)(37.53)22.2621.57
EBITDA (%)(198.26)6.5010.33

Company Promoters

  • Ms. Bindi Kunal Mehta

Promoter Holding

Pre Issue Share Holding96.34%
Post Issue Share Holding

Vruddhi Engineering Works IPO Lead Manager(s)

B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in

Vruddhi Engineering Works Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Vruddhi Engineering Works Contact Details

Office No 603, 6th Floor, Cello – The Plaza, V P Road,
Vile Parle West-400056, Mumbai, Maharashtra
Phone: +91 022 26128915
E-mail: cs@vruddhicouplers.com
Website: www.vruddhicouplers.com

Vruddhi Engineering Works IPO Allotment Status

Vruddhi Engineering IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Vruddhi Engineering Works IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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