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Vruddhi Engineering Works IPO Allotment Status, Subscription and IPO Details

The allotment of Vruddhi Engineering IPO is scheduled for April 1, with listing anticipated on April 3. Investors can verify allotment status on the BSE website or the IPO registrar's site.
Vruddhi Engineering Works IPO Allotment Status, Subscription and IPO Details
Vruddhi Engineering Works IPO Allotment Status, Subscription and IPO Details

Vruddhi Engineering IPO Allotment Status 

Vruddhi Engineering Works IPO allotment is scheduled for April 1, available from March 26 to 28, prices shares between ₹66-₹70, each with a ₹10 face value. Investors can bid in lots of 2,000 shares.

Invest in Direct Mutual Funds IPOs Bonds and Equity at ZERO COST

Vruddhi Engineering IPO Allotment Status Check 

To ascertain their allocation status for the Vruddhi Engineering IPO, investors can easily navigate through steps provided on either the BSE platform or the IPO registrar Bigshare services’s website.

IPO Allotment Status NSE 

Here are steps to check Vruddhi Engineering IPO allotment status on BSE website

Step 1: Visit BSE website 

Step 2: Select ‘Equity’ under the Issue Type

Step 3: Choose Vruddhi Engineering Limited from the drop-down menu

Step 4: Enter Application No or PAN

Step 5: Click on ‘I am not a Robot’ and then hit on ‘Submit”

Steps to check Naman In-Store IPO allotment status on Bigshare services’s website

Step 1: Visit IPO registrar website – Bigshare services

Step 2: Select ‘Vruddhi Engineering’ from the Select Company dropdown menu

Step 3: Choose from PAN, Application No, DP/Client ID or Account No/IFSC

Step 4: Enter the details as per the option selected

Step 5: Hit the Submit button

Your Vruddhi Engineering IPO allotment status will be reflected on the screen.

Vruddhi Engineering IPO GMP Today

The Vruddhi Engineering IPO GMP (Grey Market Premium) is at ₹0 as of 28th March.

Vruddhi Engineering IPO Subscription Status

As of Day 2, Vruddhi Engineering Works IPO has achieved 4.13x oversubscription. The retail segment saw 6.82x subscription, non-institutional investors at 96%, and qualified institutional buyers at 2.63x.Total bids stand at 21,14,000 shares against an offer of 5,12,000 shares.

Vruddhi Engineering IPO Details

The IPO of Vruddhi Engineering Works, totaling ₹4.76 crore, comprises entirely new equity shares valued at ₹10 each, with no offer-for-sale portion. The proceeds will fund the company’s working capital and general corporate objectives. Bigshare Services and Fedex Securities manage the IPO’s registration and book-running.

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