Business Standard

Vruddhi Engineering Works Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

4.76 cr

Price Range (₹)

70

Lot Size

2000

Min Investment (₹)

1,40,000.00

Listing Exchange

BSE - SME

Open Date

26-Mar-2024

Close Date

28-Mar-2024

Listing Date

03-Apr-2024

Vruddhi Engineering Works Ltd News

    The Shares of Vruddhi Engineering Works Ltd have now been listed.

    Vruddhi Engineering Works Ltd IPO Details

    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 the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 6,44,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70 per equity share, aggregating to Rs. 4.51 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.95% and 25.52% respectively of the post issue paid up equity share capital of the company.

    Objective of issue

    To meet working capital requirements. General corporate puroses.

    Vruddhi Engineering Works Ltd Contact Details

    Vruddhi Engineering Works Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - cs@vruddhicouplers.com

    Website - www.vruddhicouplers.com