Vruddhi Engineering Works

Vruddhi Engineering Ltd. is launching an IPO of INR 4.76 cr with 6.80 lakh fresh shares. Funds raised to meet working capital needs & corporate purposes.

Important Details

Date: Mar 26 to Mar 28, 2024 Listing Date: April 3, 2024 Price: INR 66 to 70 per share Lot Size: 2000 Shares Total Issue Size: INR 4.76 crores

Fundamental Analysis

Vruddhi Engineering: 2021-2023 saw impressive growth Revenue surged from ₹0.44L to ₹1307.69L, equity from ₹0.12L to ₹212.12L, expenses rose gradually & profitability improved.

Peer Comparison

Vruddhi Engineering: ₹1307.69L revenue, ₹242.66 EPS, 35.51% RoNW, and ₹683.30 NAV per Equity Share demonstrate strong financial performance.


Vruddhi Engineering IPO aims to allocate INR 4 crores for working capital needs in FY 2024 and utilize the rest for corporate goals like partnerships, branding, and marketing.

Risks And Challenges

Vruddhi Engineering faces risks from legal issues against the director, limited Mumbai expansion, and competitive product segments impacting margins and profitability.

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