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Vaswani Industries Ltd IPO
Incorporated in 2003, Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.
Company has manufacturing facilities in an industrial area at Sondra Village, near to Raipur train station. Presently VIL manufactures Coal-based Sponge Iron using 3 indigenously developed rotary kilns, with a capacity of 90000 M.T. (3 X 100 MT) along with a Waste Heat Recovery Boiler (WHRB) with a generation capacity of 11.5 MW Power & a Steel Ingot/Billet Plant of capacity 59400 MT. (2 X 9 MT).
In past, Company has Installed 3 Induction Furnaces with a capacity of 36000 MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron. (In year 2007 / 08).
Company has also installed power generation of 7.5 MW, 5 MW from Waste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. Company sells its surplus power generated to private power companies.
Company Promoters: Mr. Ravi Vaswani, Pramod Vaswani, Mr. Yashwant Vaswani
Issue Detail:
Issue Open: Apr 29, 2011 - May 03, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: 10,000,000 Equity Shares of Rs. 10
Issue Size: Rs. 45.00 - 49.00 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 45 - Rs. 49 Per Equity Share
Market Lot: 120 Shares
Minimum Order Quantity: 120 Shares
Listing At: BSE, NSE
IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status:
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Number of Times Issue is Subscribed (BSE + NSE) |
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Date & Time |
QIB |
Non Institutional Investors (NIIs) |
Retail Individual Investors (RIIs) |
Total |
|
Shares Offered / Reserved |
5,000,000 |
1,500,000 |
3,500,000 |
10,000,000 |
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Day 1 - Apr 29, 2011 |
0.0000 |
6.0800 |
0.1000 |
0.9500 |
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Day 2 - May 2, 2011 |
0.0000 |
7.4100 |
0.4300 |
1.2600 |
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Day 3 - May 2, 2011 |
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