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Growing retail investor confidence drives strong interest in SME IPOs. Companies like Australian Premium Solar and Pratham EPC Projects witness substantial gains post listing. However, caution is advised, as some companies like MVK Agro Food Product are trading below issue price.
Vruddhi Engineering Works debuts at 1.4% premium over IPO price on BSE SME platform. There was no GMP pre-debut. The company's IPO was oversubscribed 12 times.
Vruddhi Engineering Works' price band was fixed at Rs 66-70.
Investors can check the status of Trust Fintech IPO allotment by logging in to the official website of the registrar, which is Bigshare Services in this case.
Vruddhi Engineering Works IPO: Through basis of allotment, investors can ascertain if they have been allotted shares and how many shares have been allocated.