IPO Synopsis

Vruddhi Engineering Works Ltd

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

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. Issue Opens On Closes On 26-Mar-24 28-Mar-24 Money Payable On Application Allotment 70.00 0.00 Minimum Application for shares in Nos : 2000 Further Multiples of : 2000 Cr Lead Managers to the Issue Project Cost (.Cr) 3.78 Fedex Securities Pvt Ltd Project Financed through Current Offer (.Cr) 4.76   Post Issue Equity Share Capital (.Cr) 2.52 Issue Price () 70.00

Projects

To meet working capital requirements General corporate puroses

Promoted By

Bindi Kunal Mehta

Listing At

BSE - SME

Registrar to the Issue

No Data Available