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Open
26 Mar 2024
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Close
28 Mar 2024
3
Allotment
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Listing
Wed, Apr 3, 2024
Price Band
₹66 to ₹70
Issue Size
6,80,000 shares (agg. up to ₹5 Cr)
Lot Size
2,000 Shares
Listing Date
Wed, Apr 3, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
03-04-2024₹0Est. ₹70+0%
02-04-2024₹0Est. ₹70+0%
01-04-2024₹0Est. ₹70+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 13.88x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.09 | 7.82 | 1.00 | 0.03 |
| Total Income | 9.35 | 13.10 | 2.21 | 0.00 |
| Profit After Tax | 0.41 | 0.75 | 0.09 | -0.01 |
| NET Worth | 2.53 | 2.12 | 0.10 | 0.00 |
| Reserves and Surplus | 0.69 | 1.19 | 0.09 | -0.01 |
| Total Borrowing | 3.02 | 3.23 | 0.47 | 0.02 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Sona Machinery Ltd. | SME | ₹51.82 Cr | ₹143 | 18.8 | ₹131.25 | -8.22% | ₹32.75 (+0.46%) |
| Shri Balaji Valve Components Ltd. | SME | ₹21.60 Cr | ₹100 | 9.33 | ₹199.50 | +99.50% | ₹105.00 (+4.63%) |
| Presstonic Engineering Ltd. | SME | ₹23.30 Cr | ₹72 | 6.28 | ₹147.00 | +104.17% | ₹26.00 (+1.17%) |
| Arrowhead Seperation Engineering Ltd. | SME | ₹13.00 Cr | ₹233 | 18.09 | ₹237.50 | +1.93% | ₹70.00 (+0.00%) |
| Kalyani Cast Tech Ltd. | SME | ₹30.11 Cr | ₹139 | 8.67 | ₹277.30 | +99.50% | ₹802.65 (+5.00%) |
| Vinyas Innovative Technologies Ltd. | SME | ₹54.66 Cr | ₹165 | 8.4 | ₹346.50 | +110.00% | ₹1,348.00 (+3.69%) |
| Sunita Tools Ltd. | SME | ₹22.04 Cr | ₹145 | 16.88 | ₹147.25 | +1.55% | ₹885.15 (+2.00%) |
| Global Pet Industries Ltd. | SME | ₹13.23 Cr | ₹49 | 23 | ₹52.80 | +7.76% | ₹144.05 (-3.61%) |
| Jyoti CNC Automation Ltd. | Mainboard | ₹1,000.00 Cr | ₹331 | 433.43 | ₹434.20 | +31.18% | ₹799.05 (-0.59%) |
| Cyient DLM Ltd. | Mainboard | ₹592.00 Cr | ₹265 | 66.25 | ₹420.60 | +58.72% | ₹586.90 (+9.08%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 2.60 |
| 2 | General corporate purposes | 1.18 |
About Vruddhi Engineering Works IPO
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.+ Read More
Contact Details
Vruddhi Engineering Works Ltd. AddressOffice No 603, 6th FloorCello-The Plaza, V P RoadVile Parle WestMumbai, Maharashtra, 400056+91- 022 26128915cs@vruddhicouplers.comVisit Website