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SME IPO Status: Listed [26th Mar 2024 to 28th Mar 2024]
Vruddhi Engineering Works IPO, a SME IPO of ₹4.76 Cr was launced on 26-03-2024 to 28-03-2024 and the shares got listed on BSE SME on 03-04-2024.
The public issue of Vruddhi Engineering Works IPO (544157) was offered at ₹70.00 per share and the ipo was listed at ₹71. It has delivered listing gain of 1.43%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 2000.00 per lot return on listing.
| SME IPO Issue Opening Date: | 26th Mar 2024 |
| SME IPO Issue Closing Date: | 28th Mar 2024 |
| SME IPO Issue Price: | ₹66.00-70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹4.76 Cr |
| Fresh Issue: | ₹4.76 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96.34% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544157 |
Get important updates regarding Vruddhi Engineering Works SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 1st Apr 2024 |
| Refunds Initiation* | 2nd Apr 2024 |
| Credit of Shares to Demat* | 2nd Apr 2024 |
| SME IPO Listing Date* | 3rd Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00-70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 03-04-2024 | 70.00 | 0 | -- | ₹70 (0%) | 3-Apr-2024 10:23 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Vruddhi Engineering Works Limited was founded in October 2020. The company primarily provides mechanical connection solutions to the real estate, construction and infrastructure industries by designing, engineering and supplying reinforcement couplers. The company’s offering in this area includes (a) the supply of reinforcement couplers according to the customer's requirements, (b) on-site threading of the couplers and (c) trading of threading machines and spare parts. The company believes that it offers a complete solution for the mechanical splicing of reinforcing bars, ranging from design, manufacture and testing to logistics and threading of the bars.
The company supplies its mechanical splicing solutions to construction companies, real estate developers and infrastructure companies. The company supplies its reinforcement splices to the domestic market. The revenue generated from the sale of rebar splices is ₹450.27 lakhs.
The products supplied by the Company i.e. rebar splices and steel products find their application with construction companies, real estate developers and infrastructure companies and are used in construction of residential and commercial buildings, steel structures, roads etc. Your company designs and constructs the reinforcement splices according to the customer's requirements and has them manufactured by a third-party supplier.
| Incorporation | Sector | IPO Issue Size | Website |
| 2020 | Trading & Distributors | ₹4.76 Cr | http://www.vruddhicouplers.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 136,000 (13600000%) | 138,000 (13800000%) | 238,000 (23800000%) | 1 | |
| 1 | 26th Mar 2024 19:04 | 1.31x | 0.29x | 1.89x | 0.00x |
| 2 | 27th Mar 2024 19:04 | 2.63x | 0.96x | 6.82x | 4.13x |
| 3 | 28th Mar 2024 19:04 | 1.05x | 28.14x | 20.10x | 12.67x |
Vruddhi Engineering Works Limited's revenue increased by 493.53% and profit after tax (PAT) rose by 697.99% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 808.58 | 782.33 | 100.14 | 3.02 |
| Revenue | 935.36 | 1,309.62 | 220.65 | 0.44 |
| Profit After Tax | 41.01 | 75.33 | 9.44 | -0.88 |
| Net Worth | 253.13 | 212.12 | 9.56 | 0.12 |
| Reserves and Surplus | 68.77 | 118.55 | 8.56 | -0.88 |
| Total Borrowing | 301.91 | 323.37 | 47.49 | 2.22 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Vruddhi Engineering Works Limited | 242.66 | 242.66 | 42.71 | 35.51 | ||
| Shiv Aum Steels Limited | 10.53 | 10.53 | 70.4 | 29.63 | 14.95 | Consolidated |
| Sru Steels Ltd | 0.87 | 0.87 | 11.09 | 11.47 | 5.26 | Consolidated |
Last Updated on 07-Apr-2024 07:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Vruddhi Engineering Works SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Vruddhi Engineering Works SME IPO with Zerodha.
Alternate approch to apply in Vruddhi Engineering Works SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Vruddhi Engineering Works SME IPO Review and Important Updates
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To subscribe or apply in Vruddhi Engineering Works SME IPO, you can use the following methods:
| Vruddhi Engineering Works SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Vruddhi Engineering Works SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Vruddhi Engineering Works SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Vruddhi Engineering Works SME IPO. Most of the Syndicate Banks provide access to apply in Vruddhi Engineering Works IPO via ASBA process. You must have your net banking access, DP ID information to apply in Vruddhi Engineering Works SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Vruddhi Engineering Works SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Vruddhi Engineering Works SME IPO Review and Important Updates
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Vruddhi Engineering Works SME IPO is going to be list on 03-04-2024. BSE Code for Vruddhi Engineering Works is 544157.
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Vruddhi Engineering Works SME IPO Allotment Date is 01-04-2024.
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