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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹4.76 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹4.76 Cr |
| Fresh Issue | ₹4.51 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹66.00-70.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544157 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Fedex Securities Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Established in 2020, Vruddhi Steel Limited provides mechanical splicing solutions to the real estate, construction and infrastructure industries through the development, design and supply of reinforcement couplers.
The company's offering list includes:
Vruddhi Steel's customers include construction contractors, real estate developers and infrastructure companies. As of March 31, 2023, the company has served around 84 customers in the mechanical splicing vertical and supplied steel products to over 2 customers in the trading sector.
As of June 30, 2023, the company employed over 20 people at its warehouse and head office.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 2.60 |
| 2 | General corporate purposes | 1.18 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 8.09 | 7.82 | 1.00 | 0.03 |
| Total Income | 9.35 | 13.10 | 2.21 | 0.00 |
| Profit After Tax | 0.41 | 0.75 | 0.09 | -0.01 |
| NET Worth | 2.53 | 2.12 | 0.10 | 0.00 |
| Reserves and Surplus | 0.69 | 1.19 | 0.09 | -0.01 |
| Total Borrowing | 3.02 | 3.23 | 0.47 | 0.02 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 16.20% |
| ROCE | 15.53% |
| Debt / Equity | 1.19% |
| RoNW | 16.20% |
| PAT Margin | 4.38% |
| Price to Book Value | 0.10 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.09 | 2.99 |
| P/E (x) | 17.13 | 23.45 |
| Promoter Holding | 96.34% | |
| Market Cap | ₹17.67 Cr. | |
