The Rs 49.00 crore Vaswani IPO is a book-built offering. The bidding for the Vaswani IPO began on April 29, 2011, and it concluded on May 3, 2011. On September 20, 2011, the shares were listed on the BSE and NSE. The pricing range for the Vaswani IPO is ₹45 to ₹49 per share. An application must have a minimum lot size of 120 shares. Retail investors are required to invest a minimum of ₹5,880.
Vaswani Industries Ltd. (VIL), a member of the Vaswani Group of Industries, was incorporated in 2003. VIL is a fully integrated corporation that produces power generation, steel billets and ingots, and sponge iron. The Raipur rail station is close to the company’s manufacturing plants in Sondra Village, an industrial region. At the moment, VIL produces coal-based sponge iron utilising three locally built rotary kilns with a 90000 M.T. (3 X 100 MT) capacity, a Waste Heat Recovery Boiler (WHRB) with an 11.5 MW Power generation capacity, and a 59400 MT (2 X 9 MT)
capacity steel ingot/billet plant. The company has previously installed three 36,000 MT induction furnaces to produce steel billets and ingots using sponge iron that is produced on-site. (During 2007 or 2008).
Additionally, the company has added 7.5 MW of power generation for captive use, with 5 MW coming from a waste heat recovery boiler (WHRB) and 2.5 MW from coal. The company sells the extra electricity it produces to private power providers.
Vaswani IPO Details
| IPO Date | April 29, 2011 to May 3, 2011 |
| Listing Date | September 20, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹45 to ₹49 per share |
| Lot Size | 120 Shares |
| Total Issue Size | 23,490,700 shares (aggregating up to ₹49.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Vaswani IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 120 | ₹5,880 |
| Retail (Max) | 34 | 4080 | ₹199,920 |
Vaswani IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 5,000,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,500,000 (15.00%) | |
| Retail Shares Offered | 3,500,000 (35.00%) | 29,166 |
| Total Shares Offered | 10,000,000 (100%) |
Objects of the Issue (Vaswani IPO Objectives)
The objects of the issue are:
- To finance pre-payment of the term loan,
- To finance long-term working capital requirement;
- For general corporate purposes,
- To finance public issue expenses.
Vaswani IPO Listing Details
| Listing Date | September 20, 2011 |
| BSE Script Code | 533576 |
| NSE Symbol | VASWANI |
| ISIN | INE590L01019 |
| Final Issue Price | ₹49 per share |
Vaswani Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹49.00 | ₹49.00 |
| Open | ₹33.45 | ₹33.70 |
| Low | ₹13.00 | ₹14.00 |
| High | ₹35.40 | ₹33.70 |
| Last Trade | ₹17.75 | ₹18.40 |
Vaswani Industries Ltd Contact Details
Vaswani Industries Ltd
MIG-4, Indrawati Colony,
Raipur: 492 001
Chhattisgarh
Phone: +91 0771 4226000
Email: ipo@vaswaniindustries.com
Website: http://www.vaswaniindustries.com
Vaswani IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vil.ipo@linkintime.co.in
Website: https://linkintime.co.in
Vaswani IPO FAQs
Q1. What is the Vaswani IPO?
Ans. Vaswani IPO is a main-board IPO of 23,490,700 equity shares with a face value of ₹10, aggregating up to ₹49.00 crore. The issue is priced at ₹45 to ₹49 per share. The minimum order quantity is 120 shares. The IPO opens on April 29, 2011, and closes on May 3, 2011.
Q2. When Vaswani IPO will open?
Ans. The Vaswani IPO opens on April 29, 2011 and closes on May 3, 2011.
Q3. What is the lot size of the Vaswani IPO?
Ans. Vaswani IPO lot size is 120 shares, and the minimum amount required is ₹5,880.
Q4. When is the Vaswani IPO listing date?
Ans. The Vaswani IPO listing date is on September 20, 2011.
