Vruddhi Engineering Works IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 26 to Mar 28 2024
Price Band
₹66 - 70
Current GMP
₹71(1.4%)
Subscription
12.67 times
IPO Details
| IPO Date | March 26, 2024 to March 28, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 721,212 shares (aggregating up to ₹4.76 Cr) |
| Fresh Issue | 721,212 shares (aggregating up to ₹4.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,843,584 |
| Share holding post issue | 2,564,796 |
IPO Date
March 26, 2024 to March 28, 2024
Listing Date
Wednesday, April 3, 2024
Face Value
₹10 per share
Price Band
₹66 to ₹70 per share
Lot Size
2000 Shares
Total Issue Size
721,212 shares (aggregating up to ₹4.76 Cr)
Fresh Issue
721,212 shares (aggregating up to ₹4.76 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME
Share holding pre issue
1,843,584
Share holding post issue
2,564,796
IPO Subscription Details
| Qualified Institutions | 1.05 |
| Non-Institutional Buyers* | 28.14 |
| Retail Investors | 20.10 |
| Total ** | 12.67 |
Qualified Institutions
1.05
Non-Institutional Buyers*
28.14
Retail Investors
20.10
Total **
12.67
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Mar 26, 2024 | 1.31 | 0.29 | 1.89 | 0.00 |
| Day 2 Mar 27, 2024 | 2.63 | 0.96 | 6.82 | 4.13 |
| Day 3 Mar 28, 2024 | 1.05 | 28.14 | 20.10 | 12.67 |
DayDay 1
Mar 26, 2024
QIB1.31
NII*0.29
Retail1.89
Total0.00
DayDay 2
Mar 27, 2024
QIB2.63
NII*0.96
Retail6.82
Total4.13
DayDay 3
Mar 28, 2024
QIB1.05
NII*28.14
Retail20.10
Total12.67
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 03-04-2024 | 70.00 | 0(0.0%) | 70 |
| 02-04-2024 | 70.00 | 0(0.0%) | 70 |
| 01-04-2024 | 70.00 | 0(0.0%) | 70 |
| 31-03-2024 | 70.00 | 0(0.0%) | 70 |
| 30-03-2024 | 70.00 | 0(0.0%) | 70 |
| 29-03-2024 | 70.00 | 0(0.0%) | 70 |
| 28-03-2024 | 70.00 | 0(0.0%) | 70 |
| 27-03-2024 | 70.00 | 0(0.0%) | 70 |
| 26-03-2024 | 70.00 | 0(0.0%) | 70 |
| 25-03-2024 | 70.00 | 0(0.0%) | 70 |
| 24-03-2024 | 70.00 | 0(0.0%) | 70 |
| 23-03-2024 | 70.00 | 0(0.0%) | 70 |
| 22-03-2024 | 70.00 | 0(0.0%) | 70 |
| 21-03-2024 | 70.00 | 0(0.0%) | 70 |
| 20-03-2024 | 70.00 | 0(0.0%) | 70 |
| 19-03-2024 | 70.00 | 0(0.0%) | 70 |
Date03-04-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date02-04-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date01-04-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date31-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date30-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date29-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date28-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date27-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date26-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date25-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date24-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date23-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date22-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date21-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date20-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
Date19-03-2024
Price70.00
GMP0(0.0%)
Estimate List Price70
IPO Important Dates
| IPO Open Date | Tuesday, March 26, 2024 |
| IPO Close Date | Thursday, March 28, 2024 |
| Basis of Allotment | Monday, April 1, 2024 |
| Initiation of Refunds | Tuesday, April 2, 2024 |
| Credit of Shares to Demat | Tuesday, April 2, 2024 |
| Listing Date | Wednesday, April 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 28, 2024 |
IPO Open Date
Tuesday, March 26, 2024
IPO Close Date
Thursday, March 28, 2024
Basis of Allotment
Monday, April 1, 2024
Initiation of Refunds
Tuesday, April 2, 2024
Credit of Shares to Demat
Tuesday, April 2, 2024
Listing Date
Wednesday, April 3, 2024
Cut-off time for UPI mandate confirmation
5 PM on March 28, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹140,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹140,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹280,000
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 808.58 | 782.33 | 100.14 |
| Revenue | 935.36 | 1,309.62 | 220.65 |
| Profit After Tax | 41.01 | 75.33 | 9.44 |
| Net Worth | 253.13 | 212.12 | 9.56 |
| Reserves and Surplus | 68.77 | 118.55 | 8.56 |
| Total Borrowing | 301.91 | 323.37 | 47.49 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 2023808.58
31 Mar 2023782.33
31 Mar 2022100.14
Period EndedRevenue
30 Sep 2023935.36
31 Mar 20231,309.62
31 Mar 2022220.65
Period EndedProfit After Tax
30 Sep 202341.01
31 Mar 202375.33
31 Mar 20229.44
Period EndedNet Worth
30 Sep 2023253.13
31 Mar 2023212.12
31 Mar 20229.56
Period EndedReserves and Surplus
30 Sep 202368.77
31 Mar 2023118.55
31 Mar 20228.56
Period EndedTotal Borrowing
30 Sep 2023301.91
31 Mar 2023323.37
31 Mar 202247.49
Key Performance Indicator
| ROE | 16.20% |
| ROCE | 15.53% |
| Debt/Equity | 1.19 |
| RoNW | 16.20% |
| P/BV | 0.1 |
| PAT Margin (%) | 4.38 |
| EPS (Rs) | 4.09 |
ROE
16.20%
ROCE
15.53%
Debt/Equity
1.19
RoNW
16.20%
P/BV
0.1
PAT Margin (%)
4.38
EPS (Rs)
4.09
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | - |
| QIB Shares Offered | 340,000 (47.22%) |
| NII (HNI) Shares Offered | 140,000 (19.44%) |
| Retail Shares Offered | 240,000 (33.33%) |
| Total Shares Offered | 720,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
-
QIB Shares Offered
340,000 (47.22%)
NII (HNI) Shares Offered
140,000 (19.44%)
Retail Shares Offered
240,000 (33.33%)
Total Shares Offered
720,000 (100%)
Information about company
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.
Objectives of IPO
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.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App