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Vruddhi Engineering Works IPO: Subscription Details, Price Band, and Schedule

Are you ready to invest in Vruddhi Engineering Works Limited? Learn all about their Initial Public Offering (IPO) - from subscription details to price band and schedule. 
Vruddhi Engineering Works IPO Overview
Vruddhi Engineering Works IPO, a book-built issue worth Rs 4.76 crores, is set to revolutionize the market. The IPO consists entirely of a fresh issue of 6.8 lakh shares, offering investors a prime opportunity to be part of this dynamic venture.

Subscription Details and Schedule
Bidding for Vruddhi Engineering Works IPO opened on March 26, 2024, and will close on March 28, 2024. The allocation process is expected to conclude on Monday, April 1, 2024. Mark your calendars for the tentative listing date on Wednesday, April 3, 2024, on BSE SME.

Price Band and Lot Size
With a price band of ₹66 to ₹70 per share, the IPO presents a lucrative investment prospect. The minimum lot size for an application is 2000 shares, requiring a retail investor to invest a minimum of ₹140,000. High Net Worth Individuals (HNI) have a minimum lot size investment of 2 lots (4,000 shares), amounting to ₹280,000.

Key Players
Fedex Securities Pvt Ltd spearheads the IPO as the book running lead manager, while Bigshare Services Pvt Ltd manages the registrar duties. For comprehensive information, investors are encouraged to refer to the Vruddhi Engineering Works IPO RHP (Red Herring Prospectus).

Reservation Details
The IPO offers a balanced reservation system, with QIBs offered up to 50.00% of the net offer, retail investors not less than 35.00%, and NII (HNI) not less than 15.00%.

Vruddhi Engineering Works IPO Timeline
Stay updated with the IPO timeline:
- IPO Opens: March 26, 2024
- IPO Closes: March 28, 2024
- Basis of Allotment: April 1, 2024
- Refunds Initiation: April 2, 2024
- Shares Credited to Demat: April 2, 2024
- Listing Date: April 3, 2024
Promoter Holding and Company Overview
Ms. Bindi Kunal Mehta leads Vruddhi Engineering Works Limited, holding 96.34% of shares pre-issue. Established in 2020, the company specializes in providing mechanical splicing solutions to various industries, including real estate, construction, and infrastructure.

Invest in Vruddhi Engineering Works IPO today and unlock endless investment avenues! Sign up with 5paisa using referral code RUBI114 or visit the link to open a FREE account now. Don't miss out on this exciting opportunity to be part of Vruddhi Engineering Works' journey to success.
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