Vruddhi Engineering Works Ltd - IPO

Vruddhi Engineering Works Ltd IPO Details

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.

Objective of issue

To meet working capital requirements. General corporate puroses.

Vruddhi Engineering Works Ltd Contact Details

Vruddhi Engineering Works Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@vruddhicouplers.com

Website - www.vruddhicouplers.com