Vruddhi Engineering Works Limited

About the company

## **About  Vruddhi Engineering Works Limited** Since inception in 2020, Vruddhi Engineering Works Limited has emerged as a leading player in the mechanical splicing solutions arena, catering primarily to the real estate, construction, and infrastructure sectors. The company prides itself on its ability to design, engineer, and supply top-notch rebar couplers, offering end-to-end solutions that encompass everything from product customization to on-site threading services and trading in threading machines and spares. With a firm belief in the superiority of mechanical splicing over conventional methods, Vruddhi Engineering Works Limited has positioned itself as a reliable partner for construction contractors, real estate developers, and infrastructure companies. Their products, including rebar couplers and steel products, have found widespread application in a variety of projects, ranging from residential and commercial buildings to steel structures and roads. One of the key strengths of the company lies in its customer-centric approach, wherein they design and engineer rebar couplers according to the specific requirements of their clients. Moreover, by collaborating with trusted third-party manufacturers, Vruddhi Engineering Works Limited ensures the quality and reliability of its products, thus garnering recognition and trust within the iron and steel industry as well as among its clientele. As Vruddhi Engineering Works Limited prepares for its upcoming Initial Public Offering (IPO), it symbolizes excellence in the natural resource processing industry. With a diverse product portfolio and a strong emphasis on sustainability, the company is well-positioned for future growth and success. Investors are presented with a compelling opportunity to be a part of the company's journey towards a greener, more sustainable future. The proceeds from the IPO will be utilized primarily to meet working capital requirements and for general corporate purposes, further strengthening the company's financial position and supporting its ongoing initiatives. With its strategic vision and commitment to innovation, Vruddhi Engineering Works Limited is poised to continue its trajectory of success, delivering value to shareholders while making a positive impact on the environment and the industries it serves. Here are key details about the Vruddhi Engineering Works Limited IPO: Company Name| **Vruddhi Engineering Works Limited**|  | Vruddhi Engineering Works Limited IPO Opening Date| **March 26, 2024** ---|---|---|---|--- Company Established On|**2020**Vruddhi Engineering Works Limited IPO Price band|**₹66 to ₹70 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   26 Mar 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   28 Mar 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Mar 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   02 Apr 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   01 Apr 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   03 Apr 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.