Vruddhi Engineering Works Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Vruddhi Engineering Works Ltd IPO

Vruddhi Engineering Works Ltd is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. The Company's offering under this vertical includes (a) supply of rebar couplers as per its customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. The Company believes that it offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar threading. It believes that the rebar couplers offered by the Company is an alternative to the conventional splicing methods followed in the construction industry.

Vruddhi Engineering Works Ltd IPO Details

Total Shares Offered

₹ 6,80,000

Offer to Public

TBA

Retail Max (Shares)

₹ 2,25,400

Pre Issue Promoters Holding

₹ 17,76,168

Exchange

BSE

Issue size

₹ 4.76 Cr

IPO Open Date

Mar 26, 2024

Close Date

Mar 28, 2024

Lot Size

2000

Min Investment

₹ 1,32,000

Issue Type

Book Building - SME

Listing Date

Apr 3, 2024

Vruddhi Engineering Works Ltd IPO Dates

Mar 26, 2024

Opening date

Mar 28, 2024

Closing date

Apr 1, 2024

Basis of Allotment

Apr 2, 2024

Initiation of Refunds

Apr 2, 2024

Credit of Shares

Apr 3, 2024

Listing date

Details

Sector	Type
Sector	Trading
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	322000
NII	0x	96600
Retail	0x	225400
Employee	0x	0
Total	0x	680000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

322000

96600

225400

680000

Vruddhi Engineering Works Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	2.68	1.21	1.23
EBITDA	3.32	1.62	1.45
PAT	1.49	0.57	0.75
Total Assets	13.10	9.53	6.44
Share Capital	2.52	1.84	0.06
Total Borrowings	8.84	5.51	3.35
Operating Activities (Net Cash)	2.13	0.98	0.97
Investing Activities (Net Cash)	0.01	0.01	0.01
Financing Activities (Net Cash)	8.84	5.51	3.35
Net Cashflow	0.40	0.17	0.38

About Vruddhi Engineering Works Ltd

Vruddhi Engineering Works Limited was incorporated in Mumbai, Maharashtra as Vruddhi Steel Private Limited, a private limited company under the Companies Act, 2013, pursuant vide certificate of incorporation dated October 27, 2020 issued by Assistant Registrar of Companies, Central Registration Centre. Subsequently, the Company was converted from a private limited company to a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on December 26, 2022, and consequently, the name of the Company was changed to Vruddhi Steel Limited, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated January 05, 2023, was issued by the RoC to the Company. Further, the name of the Company was changed to Vruddhi Engineering Works Limited pursuant to a special resolution passed in the extraordinary general meeting of its Shareholders held on April 29, 2023 and a fresh certificate of incorporation dated June 20, 2023 issued by the Registrar of Companies, Mumbai.

The real estate sector is one of the most globally recognized sectors. It comprises of four sub-sectors - housing, retail, hospitality, and commercial. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy. Infrastructure is a key enabler in helping India become a US$ 26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs.

Peer Comparison:

Shiv Aum Steels Ltd
SRU Steels Ltd

Vruddhi Engineering Works Ltd Key Points

Strengths

Diversified customer base;

Diversified and Established Product;

Quality Assurance

Experienced Promoter and Director with extensive domain knowledge

Risk

The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.

The company has made an application with the Registrar of Trade Marks for registration of the logos and same has been under the status of send to Vienna Codification. Any delay in receiving the approval and/or granting registration or in obtaining registration could result in loss of logos & brand equity and the Company right to use the said logos.

Strategy

Increase its market share

Focus on Advanced Products

Focus on consistently meeting quality standards

How To Apply for Vruddhi Engineering Works Ltd IPO Online?

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Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

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Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Vruddhi Engineering Works Ltd IPO?

Vruddhi Engineering Works Ltd's IPO offers shares for up to 4.76 It begins on Mar 26, 2024 and ends on Mar 28, 2024.

What is the price of the Vruddhi Engineering Works Ltd IPO?

The price of Vruddhi Engineering Works Ltd IPO ranges between ₹66 to ₹70 per share.

What are the open and close dates for the Vruddhi Engineering Works Ltd IPO?

The Vruddhi Engineering Works Ltd IPO opens on Mar 26, 2024 and closes on Mar 28, 2024.

When will the Vruddhi Engineering Works Ltd IPO be allotted?

The allotment for the Vruddhi Engineering Works Ltd IPO will be finalised on Apr 1, 2024. The shares will be listed on BSE and NSE on Apr 3, 2024.

What is the minimum lot size required for Vruddhi Engineering Works Ltd IPO?

The minimum lot size for Vruddhi Engineering Works Ltd IPO is 2000 shares, priced between ₹66 to ₹70 per share.

What is the GMP of Vruddhi Engineering Works Ltd IPO?

The GMP (Grey Market Premium) of Vruddhi Engineering Works Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Vruddhi Engineering Works Ltd IPO?

To check the allotment status of Vruddhi Engineering Works Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Vruddhi Engineering Works Ltd IPO getting listed?

The Vruddhi Engineering Works Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Mar 26, 2024, and closes on Mar 28, 2024. The allotment is finalised on Apr 1, 2024.

How do you apply for the Vruddhi Engineering Works Ltd IPO?

To apply for the Vruddhi Engineering Works Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.