| IPO date | 26 Mar 2024 – 28 Mar 2024 |
| Listing date | 03 Apr 2024 |
| Price range | 66 – 70 |
| Minimum order quantity | 2000 | (D)RHP | View |
Vruddhi Engineering Works Limited is launching its IPO. The IPO opens for subscription on 26th March 2024 and will close on 28th March 2024.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on listing.
What does Vruddhi Engineering Works Limited do?
Founded in 2020, Vruddhi Engineering Works Limited mainly offers mechanical splicing solutions to the real estate, construction, and infrastructure industries by designing, engineering, and supplying rebar couplers. The company’s services mainly include (a) supply of rebar couplers as per customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares.
As of March 31, 2023, The company served around 84 customers in the mechanical splicing vertical and has supplied to 2 customers in the trading of Steel Products. The company is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified Company issued by Quality Control Certification accredited by “UASL, England, UK” in compliance with the quality management system, environmental Management System and Occupational Health and safety Management Systems respectively.
Schedule/Timeline of Vruddhi Engineering Works Limited IPO
| Issue Period | 26th March to 28th March 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 01, 2024 |
| Initiation of Refunds | April 02, 2024 |
| Credit of Shares | April 02, 2024 |
| Date of Listing | April 03, 2024 |
| Mandate end date | April 12, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | April 28, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | June 27, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Vruddhi Engineering Works Limited IPO?
You can apply for the Vruddhi Engineering Works Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Vruddhi Engineering Works Limited IPO?
You can check the allotment status for the Vruddhi Engineering Works Limited IPO on the website of the Registrar and Transfer agent.