247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Vruddhi Engineering Works Limited IPO (Vruddhi Engineering Works IPO) Details

Vruddhi Engineering Works Limited is an Engineering based company, located in Mumbai, Vruddhi Engineering Works Limited IPO size was 4.76 Cr. and was issued at 70.00 per share. The share of Vruddhi Engineering Works Limited were listed at 74.55 per share and are currently trading at 196.70 per share.

Type :
Sub Sector : Mechanical Splicing Solutions To The Real Estate, Construction And Infrastructure Industries Through The Development, Design And Supply Of Reinforcement Couplers.
SME IPO
BSE SME

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
18.70 Cr.

PAT :
0.82 Cr.

Pricing Report

Issue Price :
70.00

Listing Price :
74.55

Current Market Price :
196.70

Issue Price vs CMP :
126.7 (181.00%)

listing Price vs CMP :
122.15 (163.85%)

Performance Report (CAGR* wise)

CAGR : 262.22
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Vruddhi Engineering Works

Company Information
Vruddhi Engineering Works Limited is primarily engaged in offering mechanical splicing solutions to the real estate, construction, and infrastructure industries by designing, engineering, and supplying rebar couplers. Its services include the supply of rebar couplers, on-site threading services, and trading in threading machines and spares. The company provides end-to-end mechanical splicing solutions, covering design, manufacturing, testing, logistics, and rebar threading. Its rebar couplers serve as an alternative to traditional splicing methods in construction. The company supplies these solutions to construction contractors, real estate developers, and infrastructure companies within the domestic market. In the fiscal years 2023, 2022, and 2021, the revenue from the sale of rebar couplers was '450.27 lakhs, '105.83 lakhs, and '0.44 lakhs, respectively. To expand its product offerings, the company acquired the
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Object of Issue
  • To meet working capital requirements
  • General Corporate Purposes

Vruddhi Engineering Works SME IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Apr, 2024
IPO Size :
4.76 Cr.
Market Cap :
17.67 Cr.   
IPO Subscription :
12.67 X     
PE Multiple :
23.45
IPO Registrar:
Bigshare Services Private Limited
Anchor Investors:

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FAQs

Vruddhi Engineering Works operates in Engineering and Mechanical Splicing Solutions To The Real Estate, Construction And Infrastructure Industries Through The Development, Design And Supply Of Reinforcement Couplers.. The Issue is listed on BSE SME in Apr, 2024. Vruddhi Engineering Works IPO size was 4.76 Cr. with Issue price of 70.00 .

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 196.70.

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