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Vruddhi Engineering Works IPO is a book build IPO listing on BSE SME exchange. The company is based in Mumbai and caters to Engineering sector. Fedex Securities Private is the merchant banker of Vruddhi Engineering Works IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th July 2023.
Vruddhi Engineering Works IPO open date is 26th March 2024 and close date is 28th March 2024. IPO Allotment Date is 1st April 2024 and Listing date is 3rd April 2024.Vruddhi Engineering Works IPO size is Rs 4.76 Cr. crores with IPO price of Rs 70.00 Cr.. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Fedex Securities Private Limited is the book-running lead manager of the Vruddhi Engineering Works IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Rikhav Securities Limited for Vruddhi Engineering Works IPO.
Vruddhi Engineering Works IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Vruddhi Engineering Works IPO, based in Mumbai, operates in the Engineering sector with a focus on mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.. The company is launching its SME IPO on the BSE SME exchange, using the Book Building Issue method. Vruddhi Engineering Works IPO size is ₹ 4.76 Cr. Crores with fresh issue size of Rs 4.76 Cr. Crores and Offer for sale being Nil.
The IPO allotment date for Vruddhi Engineering Works IPO is expected to be 1st April 2024, after the finalization of basis of allotment. Investors can check Vruddhi Engineering Works IPO allotment status on the registrars website, Bigshare Services Private Limited. Vruddhi Engineering Works IPO refund dates are 2nd April 2024.
Vruddhi Engineering Works IPO is expected to be listed on 3rd April 2024.
The upper price band for the Vruddhi Engineering Works IPO is set at ₹ 70.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Vruddhi Engineering Works IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Vruddhi Engineering Works IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 28th March 2024. After submission, funds are blocked until the basis of allotment of Vruddhi Engineering Works IPO is finalised.
The merchant banker for Vruddhi Engineering Works IPO is Fedex Securities Private Limited . Fedex Securities Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Vruddhi Engineering Works IPO RHP for further details.
The registrar for Vruddhi Engineering Works IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Vruddhi Engineering Works IPO through their official website or helpline.
Vruddhi Engineering Works IPO was subscribed 12.67 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 4.76 Cr.
Avg IPO Size (Sector Based)
:
₹ 24.78 Cr.
Sector: Engineering
SME IPO so far:
49
Merchant Banker:
Fedex Securities
SME IPO by BRLM so far:
47
City:
Mumbai
SME IPO so far:
280
Revenue (annualised):
₹ 18.70 cr.
PE
Ratio:
23.45x
Average Sector PE Ratio: 15.16x
Vruddhi Engineering Works IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Vruddhi Engineering Works Financial Review Page
Merchant Banker(s) of Vruddhi Engineering Works IPO: Fedex Securities Private Limited
Vruddhi Engineering Works IPO subscription was 12.67 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Vruddhi Engineering Works IPO listed at a listing price of 74.55 against the offer price of 70.00.
The current market price of Vruddhi Engineering Works is 161.60.
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