Vruddhi Engineering Works Limited provides mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.
The company’s offering list includes:
- Supply of rebar couplers as per customer requirements;
- On-site threading of the couplers; and
- Trading in threading machines and spare parts.
As of March 31, 2023, the company has served around 84 customers in the mechanical splicing vertical and supplied steel products to over 2 customers in the trading sector.
The company is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified Company issued by Quality Control Certification accredited by “UASL, England, UK” in compliance with the quality management system, Environmental Management System and Occupational Health and Safety Management Systems respectively.
As of June 30, 2023, the company employed over 20 people at its warehouse and head office.
Vruddhi Engineering Works IPO – Details
| IPO Opening Date | 26 March 2024 |
| IPO Closing Date | 28 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6,80,000 Shares Worth ₹4.76 Crore Fresh Issue: 6,80,000 Shares Worth ₹4.76 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Vruddhi Engineering Works IPO – Date Schedule
| IPO Open Date | 26 March 2024 |
| IPO Close Date | 28 March 2024 |
| Basis of Allotment | 01 April 2024 |
| Initiation of Refund | 02 April 2024 |
| Credit of Shares to Demat Account | 02 April 2024 |
| IPO Listing Date | 03 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
Vruddhi Engineering Works IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | ₹1,40,000 |
| Retail (Maximum) | 1 | 2000 | ₹1,40,000 |
| HNI (Minimum) | 2 | 4000 | ₹2,80,000 |
Competitive Strengths
- Diversified customer base;
- Diversified and Established Product;
- Quality Assurance;
- Experienced Promoter and Director with extensive domain knowledge.
Company Promoters
- Ms. Bindi Kunal Mehta
Object Of The Issue
- To meet working capital requirements;
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 0.004 | 0.01 | -0.008 | 0.02 |
| 31 March 2022 | 2.20 | 2.08 | 0.09 | 0.47 |
| 31 March 2023 | 13.09 | 12.08 | 0.75 | 3.23 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 16.20% |
| ROCE | 15.53% |
| RoNW | 16.20% |
| P/BV | 0.1 |
| PAT Margin (%) | 4.38 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.09 | 2.99 |
| P/E (x) | 17.13 | 23.45 |
Vruddhi Engineering Works IPO Promoter Holding
| Pre Issue Share Holding | 96.34% |
| Post Issue Share Holding | – |
Vruddhi Engineering Works IPO Prospectus
- Vruddhi Engineering Works IPO DRHP
- Vruddhi Engineering Works IPO RHP
Company Contact Information
| Vruddhi Engineering Works Limited Office No 603, 6th Floor, Cello – The Plaza, V P Road, Vile Parle West, Mumbai – 400056 Phone: +91- 022 26128915 Email: cs@vruddhicouplers.com Website: http://www.vruddhicouplers.com/ |
Vruddhi Engineering Works IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Vruddhi Engineering Works IPO Lead Manager(s)
| 1. Fedex Securities Pvt Ltd |
Vruddhi Engineering Works IPO FAQs
| What is Vruddhi Engineering Works IPO? Vruddhi Engineering Works IPO is a SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When Vruddhi Engineering Works IPO will open? The IPO is to open on 26 March 2024 for QIB – 50%, NII – 15% and Retail – 50% Investors. |
| How to Vruddhi Engineering Works IPO? You can apply for Vruddhi Engineering Works IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vruddhi Engineering Works IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vruddhi Engineering Works”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Vruddhi Engineering Works IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vruddhi Engineering Works”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Vruddhi Engineering Works IPO Size? Vruddhi Engineering Works IPO size is ₹4.76 crores. |
| What is Vruddhi Engineering Works IPO Price Band? Vruddhi Engineering Works IPO Price Band is ₹66 – ₹70. |
| What is Vruddhi Engineering Works IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Vruddhi Engineering Works IPO Allotment Date? Vruddhi Engineering Works IPO allotment date is 01 April 2024. |
| What is the Vruddhi Engineering Works IPO Listing Date? Vruddhi Engineering Works IPO listing date is 03 April 2024. The IPO is to list on BSE SME. |
