The Vruddhi Engineering Works IPO minimum market lot is 2000 shares with ₹140,000 application amount. The Vruddhi Engineering Works IPO is an SME IPO, and it is to be listed on BSE SME.
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.
IPOWatch View
We recommend investors may apply for an IPO with Avoid. Investors should also look at the QIB, NII, and Retail numbers before investing.
Vruddhi Engineering Works IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 1.31 | 2.63 | 1.05 |
| NII | 0.29 | 0.96 | 28.14 |
| RII | 1.89 | 6.82 | 20.10 |
| Total | 0.00 | 4.13 | 12.67 |
Vruddhi Engineering Works IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Vruddhi Engineering Works IPO Review
- Avoid
Vruddhi Engineering Works IPO Form
How to apply for the Vruddhi Engineering Works IPO? You can apply for 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 is you can apply for Vruddhi Engineering Works IPO via IPO forms downloaded online. Check out the Vruddhi Engineering Works forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
