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Issue Open Date
|
26-Mar-24
|
|
|
|
Issue Closing Date
|
28-Mar-24
|
|
|
|
Application Money
|
100
|
|
|
|
Allotment Money
|
|
|
|
|
|
|
|
Price Band
|
66
-
70
|
|
|
|
Minimium Application No.
|
2000
|
|
|
|
Issue Size (Shares)
|
720000
|
|
|
|
Market Lot
|
1
|
|
|
|
|
|
Objective
|
|
i. To meet working capital requirements.ii. General Corporate Purpose.
|
|
|
|
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Category
|
No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
|
Offered / Reserved |
Bid For |
|
|
Non-Institutional Investors
|
140000
|
3940000
|
28.1428571428571
|
|
Qualified Institutional Buyers
|
340000
|
358000
|
1.05294117647059
|
|
Retail Individual Investors
|
240000
|
4824000
|
20.1
|
|
|
|
|
Business Description
Our Company is mainly engaged in offering mechanical splicing solutions to the real estate, construction and infrastructure industry by designing, engineering and supplying of rebar couplers. Our Company’s offering under this vertical includes (a) supply of rebar couplers as per our customer needs; (b) on-site threading services of the couplers; and (c) trading in threading machines and spares. Our Company believes that it offers an end-to-end mechanical splicing solutions ranging from design, manufacturing, testing, logistics and rebar threading. We believe that the rebar couplers offered by our Company is an alternative to the conventional splicing methods followed in the construction industry.Our Company supply and provide its mechanical splicing solutions to construction contractors, real estate developers and infrastructure companies. Our Company supply our rebar couplers in the domestic market. Our revenue from the sale of rebar couplers is ?450.27 lakhs, ?105.83 lakhs and ?0.44 lakhs for the Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively.
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|
|
Promoter's Holding
|
|
|
|
Total Share Capital
|
1818256
|
|
|
|
Offered to Public
|
680000
|
|
|
|
Promoter's Holding (Pre-Issue)
|
98.63
|
|
|
|
Promoter's Holding (Post-Issue)
|
|
|
|
|
|
|
|
|
|
|
|
Address |
Office No. 1317
Hubtown Solaris
N. S. Phadke Road
Near Flyover Bridge
Andheri (East)
Mumbai,
Maharashtra,
400069
Phone : 022 26128915 / 16
Email : cs@vruddhicouplers.com
Website : www.vruddhicouplers.com
|
|
|
Registrar |
Bigshare Services Pvt Ltd
Office No S6-2
6th Floor
Pinnacle Business Park
Next to Ahura Centre
Mahakali Caves Road
Andheri (E)
Mumbai
|
|
|
Listed at |
|
BSE
|
|
|
Lead Manager |
|
Fedex Securities Ltd.
|
|
|
Promoters |
|
Bindi Kunal Mehta
|
|
