Vruddhi Engineering Works Limited IPO
- IPO Date26 Mar, 2024 to 28 Mar, 2024
- Listing Date03 Apr, 2024
- Face Value₹10 per share
- Issue Price₹66 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtBSE SME
- Total Issue Size6,80,000 Shares
(aggregating up to ₹4.76 Cr) - Fresh Issue6,80,000 Shares
(aggregating up to ₹4.76 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue18,43,584
- Shareholding post issue25,23,584
IPO Dates
Closing Date
28 Mar, 2024
Initiation of Refunds
02 Apr, 2024
Listing Date
03 Apr, 2024
26 Mar, 2024
Opening Date
01 Apr, 2024
Basis of Allotment
02 Apr, 2024
Credit of Shares
Vruddhi Engineering Works Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
Vruddhi Engineering Works Limited Promoter Holding
Ms. Bindi Kunal Mehta is the promoter of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.34% | - |
Vruddhi Engineering Works Limited COMPANY INFORMATION
Vruddhi Engineering Works IPO is a book built issue of Rs 4.76 crores. The issue is entirely a fresh issue of 6.8 lakh shares. Vruddhi Engineering Works IPO opens for subscription on March 26, 2024 and closes on March 28, 2024. The allotment for the Vruddhi Engineering Works IPO is expected to be finalized on Monday, April 1, 2024. Vruddhi Engineering Works IPO will list on BSE SME with tentative listing date fixed as Wednesday, April 3, 2024. Vruddhi Engineering Works IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Fedex Securities Pvt Ltd is the book running lead manager of the Vruddhi Engineering Works IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Vruddhi Engineering Works IPO RHP for detailed information.
Established in 2020, Vruddhi Steel 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.
Vruddhi Steel's customers include construction contractors, real estate developers and infrastructure companies. 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.
As of June 30, 2023, the company employed over 20 people at its warehouse and head office.
FAQs About Vruddhi Engineering Works Limited Ipo
Vruddhi Engineering Works Limited IPO will open on 26 Mar, 2024 and close on 28 Mar, 2024. Investors must apply within this period to participate.
The Vruddhi Engineering Works Limited IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Vruddhi Engineering Works Limited IPO shares are expected to be listed on 03 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Vruddhi Engineering Works Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Vruddhi Engineering Works Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.