IPO Trending
VRUDDHISME / BSEListed
Vruddhi Engineering Works

Vruddhi Engineering Works, established in 2020, has rapidly emerged as a trusted provider of mechanical splicing solutions for the real estate, construction, and infrastructure sectors. The company specializes in the development, design, and supply of reinforcement couplers, offering services such as customized rebar coupler supply, on-site threading, and the trading of threading machines and spare parts. Serving a diverse clientele, Vruddhi Engineering Works has successfully catered to approximately 84 clients in the mechanical splicing sector and supplied steel products to over two customers in the trading segment as of March 31, 2023. With a dedicated workforce of over 20 employees at its warehouse and head office as of June 30, 2023, the company remains committed to delivering high-quality solutions and fostering long-term industry partnerships.

₹66 - ₹7014.16x sub
Listed Price₹71.00
Listing Gain+1.43%

IPO Schedule & Timeline

Book Built Issue IPO
Open26 Mar 2024
Close28 Mar 2024
Allotment01 Apr 2024
Listing03 Apr 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB3,22,000 shares
50%
HNI96,000 shares
14.91%
Retail2,26,000 shares
35.09%

Minimum Application Lots

Retail1 Lot (2,000 shares)
₹1,40,000
HNI2 Lots (4,000 shares)
₹2,80,000

Company Promoters

Ms. Bindi Kunal Mehta

Company Background

Vruddhi Engineering Works, established in 2020, has rapidly emerged as a trusted provider of mechanical splicing solutions for the real estate, construction, and infrastructure sectors. The company specializes in the development, design, and supply of reinforcement couplers, offering services such as customized rebar coupler supply, on-site threading, and th...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-23 )₹935.36 Cr
Growth+212481.8%
Revenue Trend (₹ in Crores)
0.0502.01.0k1.5kMar-21Mar-22Mar-23Sep-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-23 935.3641.01808.58301.91
Mar-231,309.6275.33782.33323.37
Mar-22220.659.44100.1447.49
Mar-210.44-0.883.022.22

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-23 64.7416.20%15.53%17.130.1
Mar-23 242.2935.51%21.57%00
Mar-2294.4298.76%22.26%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
01 Apr 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
03 Apr 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

Direct allotment verification on the official registrar portal appointed for Vruddhi Engineering Works. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization01 Apr 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date03 Apr 2024Trading commences on exchange

How to Check Vruddhi Engineering Works Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

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About Vruddhi Engineering Works IPO

Complete issue overview for Vruddhi Engineering Works (VRUDDHI) IPO. The issue features an equity share price band of ₹66 – ₹70 per share with a minimum retail lot size of 2000 Shares (minimum application amount of ₹1,40,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions