Vruddhi Engineering Works Limited
Book Built Issue IPO · BSE
- Price band
- ₹66 - ₹70
- Lot size
- 2,000 shares
- Issue amount
- ₹4.76 cr
- Total subscription
- 14.16×
- Opens
- 26 Mar 2024
- Closes
- 28 Mar 2024
- Allotment
- 1 Apr 2024
- Listing
- 3 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 6,80,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,32,000
- Fresh issue
- ₹4.76 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,40,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 18,43,584
- Shares after issue
- 25,23,584
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,40,000 |
| HNI | 2 | 4,000 | ₹2,80,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.25 | 2.51 |
| RETAIL | 1.58 | 33.77 |
| NIB | 0.67 | 27.58 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 64.74 | 242.29 | 94.42 |
| ROE | 16.2 | 35.51 | 98.76 |
| ROCE | 15.53 | 21.57 | 22.26 |
| RONW | 16.2 | 35.51 | 98.74 |
| PRE IPO(PE) | 17.13 | 0 | 0 |
| POST IPO(PE) | 0.1 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- Wide Customer Reach: The company serves customers across different industries, reducing reliance on any single sector. This diversification helps protect the business from market ups and downs.
- Strong Product Range: With a well-established and diverse product lineup, the company can meet various customer needs, expand its market presence, and boost revenue opportunities.
- Experienced Leadership: The company is guided by seasoned promoters and directors with deep industry knowledge. Their expertise ensures smart decision-making, innovation, and long-term business success.
Risk factors
- Legal Risks: Ongoing legal cases involving the company, its promoters, directors, or group entities could lead to financial liabilities, reputational damage, and business disruptions.
- Unsecured Loans: The company has unsecured loans that can be recalled anytime, which may create sudden financial pressure and impact cash flow stability.
- Leased Premises: Since the company does not own its office and storage facilities, it faces risks like lease disputes, rent hikes, or relocation challenges, which could disrupt operations.
Promoters
Ms. Bindi Kunal Mehta
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office No 603, 6th Floor, Cello - The Plaza, V P Road, Vile Parle West, Mumbai - 400056
+91- 022 26128915
[email protected]Company website ↗Understanding VRUDDHI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.