Vruddhi Engineering Works Limited IPO (Vruddhi Engineering Works IPO) Detail

March 26, 2024 - March 28, 2024

Looking for a lucrative investment opportunity? Vruddhi Engineering Works Limited is all set to make its mark in the market with its Initial Public Offering (IPO). Here's everything you need to know to make an informed decision:

IPO Details:

- lIssue Size: Vruddhi Engineering Works IPO is a book built issue of Rs 4.76 crores.

- Fresh Issue: The issue comprises entirely of a fresh issue of 6.8 lakh shares.

Subscription Timeline:

- The subscription for Vruddhi Engineering Works IPO opens on March 26, 2024, and concludes on March 28, 2024.

- The allotment is expected to be finalized on Monday, April 1, 2024.

- Tentative listing date on BSE SME is Wednesday, April 3, 2024.

Price Band and Lot Size:

- The price band is set at ₹66 to ₹70 per share.

- Minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹140,000 for retail investors.

- HNIs can invest in 2 lots (4,000 shares), amounting to ₹280,000.

Key Players:

- Lead Manager: Fedex Securities Pvt Ltd

- Registrar: Bigshare Services Pvt Ltd

Reservation Details:

- QIB: Not more than 50.00% of the Net offer

- Retail: Not less than 35.00% of the Offer

- NII (HNI): Not less than 15.00% of the Offer

Timeline:

- IPO opens: March 26, 2024

- IPO closes: March 28, 2024

- Allotment: April 1, 2024

- Refunds: April 2, 2024

- Listing date: April 3, 2024

Promoter Holding:

- Ms. Bindi Kunal Mehta holds 96.34% of the shareholding pre-issue.

About Vruddhi Engineering Works Limited:

Established in 2020, Vruddhi Engineering Works Limited specializes in providing mechanical splicing solutions to the real estate, construction, and infrastructure industries. Their expertise lies in the development, design, and supply of reinforcement couplers.

With such promising prospects, Vruddhi Engineering Works IPO presents a compelling opportunity for investors to diversify their portfolios. Don't miss out on this chance to be part of a budding enterprise poised for success.

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Invest wisely and secure your financial future with Vruddhi Engineering Works Limited IPO!

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