Vruddhi Engineering Works Limited

VRUDDHI

₹66-70

per share

Bidding Dates

26-28 Mar

Min. Investment

₹1,32,000.00

Lot Size

2000 shares

Issue Size

₹4.76 Cr

IPO Timeline

Bidding starts

26 Mar ‘24

Bidding ends

28 Mar ‘24

Allotment finalisation*

01 Apr ‘24

Refund initiation*

02 Apr ‘24

Demat transfer

02 Apr ‘24

Listing

03 Apr ‘24

* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About Vruddhi Engineering Works Limited

Since inception in 2020, Vruddhi Engineering Works Limited has emerged as a leading player in the mechanical splicing solutions arena, catering primarily to the real estate, construction, and infrastructure sectors. The company prides itself on its ability to design, engineer, and supply top-notch rebar couplers, offering end-to-end solutions that encompass everything from product customization to on-site threading services and trading in threading machines and spares.

With a firm belief in the superiority of mechanical splicing over conventional methods, Vruddhi Engineering Works Limited has positioned itself as a reliable partner for construction contractors, real estate developers, and infrastructure companies. Their products, including rebar couplers and steel products, have found widespread application in a variety of projects, ranging from residential and commercial buildings to steel structures and roads.

One of the key strengths of the company lies in its customer-centric approach, wherein they design and engineer rebar couplers according to the specific requirements of their clients. Moreover, by collaborating with trusted third-party manufacturers, Vruddhi Engineering Works Limited ensures the quality and reliability of its products, thus garnering recognition and trust within the iron and steel industry as well as among its clientele.

As Vruddhi Engineering Works Limited prepares for its upcoming Initial Public Offering (IPO), it symbolizes excellence in the natural resource processing industry. With a diverse product portfolio and a strong emphasis on sustainability, the company is well-positioned for future growth and success. Investors are presented with a compelling opportunity to be a part of the company's journey towards a greener, more sustainable future.

The proceeds from the IPO will be utilized primarily to meet working capital requirements and for general corporate purposes, further strengthening the company's financial position and supporting its ongoing initiatives. With its strategic vision and commitment to innovation, Vruddhi Engineering Works Limited is poised to continue its trajectory of success, delivering value to shareholders while making a positive impact on the environment and the industries it serves.

Here are key details about the Vruddhi Engineering Works Limited IPO:

Company Name	Vruddhi Engineering Works Limited	Vruddhi Engineering Works Limited IPO Opening Date	March 26, 2024
Company Established On	2020	Vruddhi Engineering Works Limited IPO Allotment Status	April 1, 2024
Vruddhi Engineering Works Limited IPO Closing Date	March 28, 2024	Vruddhi Engineering Works Limited IPO Listing Date	April 3, 2024
Credit of Shares to the Demat Account	April 2, 2024	Vruddhi Engineering Works Limited IPO Lot Size	2000 Shares
Vruddhi Engineering Works Limited IPO Face Value	₹10 per share	Vruddhi Engineering Works Limited IPO to be Listed on	BSE
Vruddhi Engineering Works Limited IPO Issue Size	₹4.76 Cr	Vruddhi Engineering Works Limited IPO Price band	₹66 to ₹70 per share

IPO analysis

Registrar information

Name

Bigshare Services Pvt Ltd

Phone number

+91-22-6263 8200

Email ID

ipo@bigshareonline.com

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