Vruddhi Engineering Works Limited IPO
₹66 - ₹70
2000
12.67
| Open Date: | 26-Mar-2024 |
| Close Date: | 28-Mar-2024 |
| Allotment Date: | 01-Apr-2024 |
| Listing Date: | 03-Apr-2024 |
| Listing Price: | N/A |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹66-70 Per Equity Share |
| Issue Size: | Total Issue Size 680,000 shares (aggregating up to ₹4.76 Cr) : Fresh Issue 680,000 shares (aggregating up to ₹4.76 Cr) |
| Market Lot (Min Amount): | Retail - ₹140,000 : HNI - ₹280,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 136,000 | 138,000 | 238,000 | |
| Day 1 - 26-03-24 05:00 PM | 1.31x | 0.29x | 1.89x | 0.00x |
| Day 2 - 27-03-24 05:00 PM | 2.63x | 0.96x | 6.82x | 4.13x |
| Day 3 - 28-03-24 05:00 PM | 1.05x | 28.14x | 20.10x | 12.67x |
| Total No. of Application: | 3,063 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 25.53x | |||
| Earning Per Share(EPS) | ₹4.09/- |
| P/E Ratio | 17.13 |
| RoNW | 16.20% |
| Net Asset Value (NAV) - Post Issue: | ₹42.71/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 30 Sep,2023 | 808.58 | 935.36 | 41.01 |
| 31 Mar,2023 | 782.33 | 1,309.62 | 75.33 |
| 31 Mar,2022 | 100.14 | 220.65 | 9.44 |
| 31 Mar,2021 | 3.02 | 0.44 | -0.88 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | N/A% |
| 1. Ms. Bindi Kunal Mehta |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet working capital requirements;
- General Corporate Purpose.
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.
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