
Emerging SME Services · BSE
Vruddhi Engineering Works, established in 2020, has rapidly emerged as a trusted provider of mechanical splicing solutions for the real estate, construction, and infrastructure sectors. The company specializes in the development, design, and supply of reinforcement couplers, offering services such as customized rebar coupler supply, on-site threading, and the trading of threading machines and spare parts. Serving a diverse clientele, Vruddhi Engineering Works has successfully catered to approximately 84 clients in the mechanical splicing sector and supplied steel products to over two customers in the trading segment as of March 31, 2023. With a dedicated workforce of over 20 employees at its warehouse and head office as of June 30, 2023, the company remains committed to delivering high-quality solutions and fostering long-term industry partnerships.
Price Band
₹66 – ₹70
Issue Size
₹4.76 Cr
Lot Size
2000 shares
GMP
Est. Listing
₹70
at current GMP
Subscribed
14.16x
overall
Open
26 Mar 2024
Close
28 Mar 2024
Allotment
1 Apr 2024
Refund
2 Apr 2024
Demat Credit
3 Apr 2024
Listing
3 Apr 2024
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹70
Band: ₹66 – ₹70
Estimated Listing Price
₹70
Upper price + GMP
Lot Size
2000 shares
Min investment ₹1,40,000
Estimated Profit / Lot
₹0
2000 × ₹0
Grey Market Premium trend
—
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹70 |
| 30 Oct 2026 | — | 0.0% | ₹70 |
| 29 Oct 2026 | — | 0.0% | ₹70 |
GMP is unofficial market data. Not a guarantee of listing performance.
Vruddhi Engineering Works Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹4.76 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-03-28, the basis of allotment is scheduled to be finalized on 2024-04-01. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
The latest grey market premium for Vruddhi Engineering Works Limited IPO is ₹0, which indicates an expected listing price of ₹70.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.