Vruddhi Engineering Works Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vruddhi Engineer

CMP

299.05

-15.70 (-4.99%)

  • DRHP
₹70

Offer Price

₹ 4.76 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 26
    Mar 2024
    Open
  • 28
    Mar 2024
    Close
  • 01
    Apr 2024
    Finalisation of Basis of Allotment
  • 02
    Apr 2024
    Initiation of Refunds
  • 02
    Apr 2024
    Transfer of Shares to Demat Account
  • 03
    Apr 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Increase its market share

  • Focus on Advanced Products

  • Focus on consistently meeting quality standards

Products & Services

  • Vruddhi Engineering Works Ltd is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers.

  • On-site threading services of the couplers and trading in threading machines and spares.

Strengths

  • Diversified customer base;

  • Diversified and Established Product;

  • Quality Assurance

  • Experienced Promoter and Director with extensive domain knowledge

Risks

  • The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • In case of its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business it may have a material adverse effect on its business.

  • The company has made an application with the Registrar of Trade Marks for registration of the logos and same has been under the status of send to Vienna Codification. Any delay in receiving the approval and/or granting registration or in obtaining registration could result in loss of logos & brand equity and the Company right to use the said logos.

  • The Company and its Promoter may not have significant experience in the business of the Company.

  • The company is highly dependent on its suppliers for uninterrupted procurement and sale of the company traded goods. Any disruption of supply from such entities may affect its business operations.

Company Promoters

Promoters Holding

Issue For IPO
96.34%
Pre Holding

96.34%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 2.21 (0.00%) 13.08 (491.90%) 35.51 (-)
Gross Profit 2.21 (0.00%) 13.08 (491.90%) 35.51 (-)
Net Income 2.21 (0.00%) 13.08 (491.90%) 35.51 (-)
Assets 2.21 (0.00%) 13.08 (491.90%) 35.51 (-)
Liabilities 2.21 (0.00%) 13.08 (491.90%) 35.51 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vruddhi Engineering Works Ltd 13.08 0.75 5.39 4.14 35.51 0.00 197.28 2.64 0.60
Shiv Aum Steels Ltd 495.93 14.32 163.01 163.01 14.95 10.53 70.40 8.78 0.61
SRU Steels Ltd 15.79 0.70 19.80 19.80 5.25 0.87 16.63 3.52 0.00

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

Office # 603 6th Flr Cello The,
Plaza V P Road Vile Parle West,
Mumbai - 400056
Phone : +91 022 26128915 Email : cs@vruddhicouplers.com www.vruddhicouplers.com

Offer Related Information

Initial public issue of 6,80,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Vruddhi Engineering Works Limited ("The Company" or the "Issuer") for cash at a price of Rs. 70 per equity share (the "Issue Price"), (including a premium of Rs. 60 per equity share), aggregating Rs. 4.76 crores ("The Issue"), of which 36,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 70 each aggregating Rs. 0.25 crores will be reserved for subscription by market maker to... More

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