Vruddhi Engineering Works Limited

Company Profile
Company Name Vruddhi Engineering Works Limited
Open Date 21-03-2024
Close Date 26-03-2024
Exchange BSE SME
Lot Size 2000 Shares
Issue Price ₹66 to ₹70 per share
Issue Size 6,80,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Incorporated in 2020 as a partnership firm, Vruddhi Engineering Works Limited has its registered office in Mumbai, Maharashtra, India. The company is in the business of offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying rebar couplers. The company believes that it offers an end-to-end mechanical splicing solution ranging from design, manufacturing, testing, logistics and rebar threading. As of September 30, 2023, the company had a total of 77 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sep-23
Total Assets 2,095.60 3,362.94 5,351.89 8,071.96
Net Assets 200.81 478.75 1,432.89 1,883.90
Total Borrowings 1,275.08 1,697.17 1,877.88 2,862.87
Total Revenue 5,382.66 6,485.80 6,532.19 4,247.49
Profit After Tax 116.29 247.95 534.14 451.00

Tentative Timeline

Opening Date 21-03-2024
Closing Date 26-03-2024
Basis of Allotment 27-03-2024
Initiation of Refunds 28-03-2024
Credit of Shares to Demat 28-03-2024
Listing Date 01-04-2024

Objects of the Issue

To meet working capital requirements.
General Corporate Purpose.

Contact Information

Registered Office Vruddhi Engineering Works Limited Office No 603, 6th Floor, Cello - The Plaza, V P Road, Vile Parle West, Mumbai - 400056
Phone +91- 022 26128915
Email cs@vruddhicouplers.com
Website http://www.vruddhicouplers.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 98.63%
Share Holding Post Issue (Promoters) 33.40%

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