Vruddhi Engineering Works Limited IPO
Vruddhi Engineering Works Limited IPO
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Vruddhi Engineering Works Limited's completed its IPO journey with a successful listing on BSE on 03-04-2024. The public offering mobilized 6,80,000 Shares in total capital, comprising 6,80,000 Shares in fresh equity.
The offering was conducted within the price band of ₹66 to ₹70, with minimum application lots of 2000 shares. Investor participation during the 26-03-2024 to 28-03-2024 subscription window determined the final allocation pattern.
The basis of allotment was announced on 01-04-2024, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Vruddhi Engineering IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vruddhi Engineering IPO Strength Factors
- Wide Customer Reach: The company serves customers across different industries, reducing reliance on any single sector. This diversification helps protect the business from market ups and downs.
- Strong Product Range: With a well-established and diverse product lineup, the company can meet various customer needs, expand its market presence, and boost revenue opportunities.
- Experienced Leadership: The company is guided by seasoned promoters and directors with deep industry knowledge. Their expertise ensures smart decision-making, innovation, and long-term business success.
Vruddhi Engineering IPO Risk Factors
- Legal Risks: Ongoing legal cases involving the company, its promoters, directors, or group entities could lead to financial liabilities, reputational damage, and business disruptions.
- Unsecured Loans: The company has unsecured loans that can be recalled anytime, which may create sudden financial pressure and impact cash flow stability.
- Leased Premises: Since the company does not own its office and storage facilities, it faces risks like lease disputes, rent hikes, or relocation challenges, which could disrupt operations.
Vruddhi Engineering IPO Lead Manager(s)
- Fedex Securities Private Limited
Vruddhi Engineering IPO Promoter(s)
- Ms. Bindi Kunal Mehta
Vruddhi Engineering IPO FAQs
Vruddhi Engineering Works Limited IPO subscribed 14.16 times. The public issue subscribed 21.35 times in the retail category,1.11times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 9:12:27 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Vruddhi Engineering IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Vruddhi Engineering IPO FAQs
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