Vruddhi Engineering Works IPO opens: Check out price band, lot size, and other key details

Vruddhi Engineering Works IPO: Vruddhi Engineering Works' IPO opened for subscription on Tuesday, March 26. The issue will remain open till Thursday, March 28. The Vruddhi Engineering Works IPO is a book-built issue IPO estimated to be worth Rs 4.76 crore, comprising a fresh issuance of 6.8 lakh shares.

Vruddhi Engineering Works IPO price band, Vruddhi Engineering Works IPO lot size

Under the Vruddhi Engineering Works IPO, potential investors will be able to bid for shares in a range of Rs 66-70 apiece, in multiples of 2,000 units. That translates into Rs 1,40,000 per lot.

Vruddhi Engineering Works Allotment Date: Monday, April 1, 2024 (tentative)

Vruddhi Engineering Works Listing Date: Wednesday, April 3, 2024 (tentative)

The issue will be listed on BSE's SME platform.

Vruddhi Engineering IPO: Book running lead manager

Fedex Securities Pvt Ltd is the book running lead manager of the Vruddhi Engineering Works IPO, while Bigshare Services is the registrar for the issue.

Vruddhi Engineering IPO: Fund Utilisation

The company intends to utilise the proceeds towards funding to meet working capital requirements and general corporate purpose.

What does Vruddhi Engineering Works do?

Established in 2020, Vruddhi Steel provides mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.

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