Vruddhi Engineering Works Limited
ListedSMEEmerging 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 12 days ago
Overall Subscription
14.16x
Total Demand
QIB Multiplier
1.11x
Institutions & Funds
NII / HNI
41.04x
High Net-Worth
Retail (RII)
21.35x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 322,000 | 358,000 | 1.11x |
| NIB | 96,000 | 3,940,000 | 41.04x |
| RETAIL | 226,000 | 4,824,000 | 21.35x |
| Total | 644,000 | 9,122,000 | 14.16x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 119 | 2,541 | 21.35x |
| HNIs (10L +) | 1 | 41 | 41.04x |
| HNIs (2-10L) | 4 | 164 | 41.04x |
| Total Applications | 124 | 2,746 | 22.15x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Vruddhi Engineering Works Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Vruddhi Engineering Works Limited IPO GMP today?
Currently, Vruddhi Engineering Works Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹66 to ₹70 per equity share.
What is the expected profit per lot for Vruddhi Engineering Works Limited IPO?
The retail lot size is 2000 shares requiring a minimum application amount of ₹1,40,000. Expected listing price is ₹70 per equity share.
What is the issue size and price band for Vruddhi Engineering Works Limited IPO?
The Vruddhi Engineering Works Limited IPO aggregate issue size is ₹4.76 Crores with an equity price band set at ₹66 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
How can I check Vruddhi Engineering Works Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 14.16x (Retail: 21.35x, QIB: 1.11x, NII: 41.04x). You can track live multiples directly on our dedicated subscription page.
Where and when will Vruddhi Engineering Works Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-01. Investors can verify status using PAN card or application number.
When is the listing date for Vruddhi Engineering Works Limited IPO?
Vruddhi Engineering Works Limited shares are scheduled to list on BSE on 2024-04-03.