Vruddhi Engineering Works IPO price band has been fixed in the range of ₹66 to ₹70 per equity share of face value of ₹10 each. Vruddhi Engineering Works IPO is scheduled to open for subscription on Tuesday, March 26, and close on Thursday, March 28, as per the company's Red Herring Prospectus (RHP).

Vruddhi Engineering Works IPO lot size consists of 2,000 shares. Bids can be made for a minimum of 2,000 equity shares and in multiples of 2,000 equity shares thereafter.

The floor price is 6.6 times the face value of the equity shares and the cap price is 7.0 times the face value of the equity shares. The company's primary business is creating, engineering, and delivering rebar couplers in order to provide mechanical splicing solutions to the real estate, construction, and infrastructure industries. Under this vertical, the company provides (a) rebar coupler supply based on client requirements, (b) coupler on-site threading services, and (c) threading equipment and parts trade.

Bindi Kunal Mehta is the promoter and chairman and managing director of the company.

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