Vruddhi Engineering Works was incorporated in Mumbai, Maharashtra as “Vruddhi Steel Private Limited”, a private limited company under the Companies Act, 2013, vide certificate of incorporation dated October 27, 2020, issued by the Assistant Registrar of Companies, Central Registration Centre. Subsequently, their company was converted from a private limited company to a public limited company, under a resolution passed in the extraordinary general meeting of our Shareholders held on December 26, 2022, and consequently, the name of their 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 their Company. Later on, on January 31, 2023, the running business of the proprietorship concern of their Promoter namely “M/s. Kosmo Ventures” was taken over by the Company, along with the assets and liabilities of the proprietorship concern as going concern. Further, the name of their Company was changed to “Vruddhi Engineering Works Limited” under a special resolution passed in the extraordinary general meeting of their Shareholders held on April 29, 2023, and a fresh certificate of incorporation dated June 20, 2023, was issued by the Registrar of Companies, Mumbai.
Their Company is mainly engaged in offering mechanical splicing solutions to the real estate, construction, and infrastructure industry by designing, engineering, and supplying rebar couplers. Their Company’s offering under this vertical includes (a) supply of rebar couplers as per their customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. Their Company believes that it offers end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics, and rebar threading. They believe that the rebar couplers offered by their Company are an alternative to the conventional splicing methods followed in the construction industry.
The products supplied by their Company i.e. rebar couplers and Steel Products find their application with construction contractors, real estate developers, and infrastructure companies and are used in the construction of residential and commercial buildings, steel structures, roads, etc. Their company design and engineer the rebar couplers as per the customer’s requirement and is manufactured by a third-party manufacturer.
Objects of the Issue:
- To meet working capital requirements
- General Corporate Purpose
Vruddhi Engineering Works IPO Review
- Avoid
Vruddhi Engineering Works IPO Date & Price Band Details
| IPO Open: | March 26, 2024 |
| IPO Close: | March 28, 2024 |
| IPO Size: | Approx ₹4.76 Crores, 680,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Vruddhi Engineering Works IPO Market Lot
The Vruddhi Engineering Works IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Vruddhi Engineering Works IPO Dates
The Vruddhi Engineering Works IPO date is March 26 and the IPO close date is March 28. The IPO allotment date is April 1 and the IPO might list on April 3.
| IPO Open Date: | March 26, 2024 |
| IPO Close Date: | March 28, 2024 |
| Basis of Allotment: | April 1, 2024 |
| Refunds: | April 2, 2024 |
| Credit to Demat Account: | April 2, 2024 |
| IPO Listing Date: | April 3, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Vruddhi Engineering Works IPO Form
How to apply Vruddhi Engineering Works IPO? You can apply Vruddhi Engineering Works IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vruddhi Engineering Works IPO in the Invest section. The other option you can apply Vruddhi Engineering Works IPO via IPO forms download via the BSE website. Check out the Vruddhi Engineering Works forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Vruddhi Engineering Works Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹0.00 | ₹0.01 | ₹0.01 |
| 2022 | ₹2.21 | ₹2.08 | ₹0.09 |
| 2023 | ₹13.10 | ₹12.08 | ₹0.75 |
| Sept 2023 | ₹- | ₹- | ₹- |
Vruddhi Engineering Works IPO Valuation – FY2023
Check Vruddhi Engineering Works IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹242.66 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 35.51% |
| Net Asset Value (NAV): | ₹683.34 per Equity Share |
Peer Group
- Shiv Aum Steels Limited
- SRU Steels Limited
Company Promoters
- Ms. Bindi Kunal Mehta
Vruddhi Engineering Works IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Vruddhi Engineering Works IPO Allotment Status
Check Vruddhi Engineering Works IPO allotment status on Bigshare website URL. Click Here
Vruddhi Engineering Works IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
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: [email protected]
Website: http://www.vruddhicouplers.com/
