Vaswani Industries Ltd IPO Message Board (Page 11)

SkDash, If you see SEBI's order on 26th May on Vaswani, it is clearly mentioned that the listing shud happen within 70 days from closure of public issue else. promoters to refund the money with 15% interest..

Ashish

Ashis-Is it the requirement of the law that within so many days, it should list ? I dont think so.

Does anyone has any update?? At any cost, it shud either list on or before 13th july, or we shud get the refund with 15%interest!! There is hardly any time left now.. it shud be concluded by this weekend itself...

Ashish

U-TURN by an investor protection body in giving a clean chit to an Ahmedabad-based company planning to bring a public issue has amused the capital market regulator Securities and Exchange Board of India (SEBI).

A month ago, Ahmedabad-based All Gujarat Investors Protection Trust (AGIPT) approached the Sebi alleging irregularities in the IPO of Vaswani Industries . It held demostration in Ahmedabad and requested SEBI to devolve the IPO on May 18. AGIPT is a SEBI-recognised organisation since 2007. Taking note of the complaint and the fact that

3,000 retail investors withdrew their applications, SEBI banned the listing of Vaswani Industries.

While SEBI was yet to take a decision, barely a month later, AGIPT again wrote to the market regulator, this time requesting it to allow the listing of its share on

the bourses. The letter written in early June said: "Some of the investors have approached our trust office and have withdrawn their complaints. The issue was discussed threadbare with our committee members. If the IPO opens in the favour of the investors we don't have any problem with the listing of its issue." An amused source said he could not comprehend the sudden change of heart.

"It is strange and unacceptable for an investor association to make such a request," he said requesting anonymity. Saying that the investor association cannot dictate the regulator, he wondered: "Whose purpose is the body serving? Investors or promoters?

Kolkota-based Ashika Capital was the lead manager for the Rs 49 crore IPO.

Due to the large number of withdrawals, retail investors were allotted 75% of the shares they had applied for, compared to about 25% they expected when the bidding closed. Thus retail investors received 3020 shares out of application worth Rs 2 lakh for 4,080 shares. The issue closed on May 3.

When ET contacted Hemantsinh Zhala, president of AGPIT, he claimed that, "We learnt that SEBI sorted out the issue and that the regulator will permit the listing of Vaswani Industries. We therefore, wrote to them (sebi officials) urging not to ignore investors interests,". "We have written another letter just two days back and requested not to misunderstand the earlier letter," added Mr Zhala.

Source: Economictimes.

Vaswani People may not be cheater, Operators are the people who play like this, first they will increase the price and when the retail investors are trapped, they bring down price like hell. Same case may have happened in this case. Becasue no comany wants to spoil its reputation. Let hope for the best.

vaswani ka listng above listing price hoga it may be +15

vaswani ka listing date kya hai ?

HARE KUCHA TO DO INVESTOR MAR RAHA HA.
SEBI KO BOLO INVESTOR KO MARNA CHAHATI HA KYA.

what to do in it!!what is current status of it...

goel ji
vaswali list ho rha hai
sebi people are fraud
saying that there is no fault of company.company would list and panelty to brokers.

HAI EVERYBODY,

PLEASE SEND MAILS TO SEBI FOR VASWANI IPO. ASK THEM TO DECLARE THE
RESULT OF THE ENQUIRY. IT SEEMS THAT WE HAVE TO START ANOTHER
CAMPAIGN FOR THE SEBI RESULT.

SO, PL SEND THE MAILS TO SEBI

Any information about the Vaswani?

Bad news ,vaswani would list next week(unconfirmed but reliable sourse)

HAI EVERYBODY,

AGAIN WE HAVE TO SEND THE MAILS TO SEBI TO GIVE THE PRESS RELEASE FOR
THE ENQUIRY THEY HAVE CONDUCTED. BECAUSE ONE MONTH ALREADY PASSED. WE
ARE SUFFERING BECAUSE OUR HARD EARNED MONEY IS BLOCKED.
SO FRIENDS, DO NOT SIT IDLE. START SENDING THE MAILS TO SEBI AGAIN FOR
THE RESULT.

What happened to SEBI.. Its already a month and no information yet...Pls let me know if anybody has any info on vaswani..Thanx..

what happened to this company? No SEBI dicision till today. Now it is nearly two months amount is blocke. Please share the information if any body is having.

any news one month already passed

On 25th may sebi given 1 month
for waswani's case .

It has been past 1 month

any decision not taken place

W H Y ?

HAI EVERYBODY,

I HAVE TALKED TO AN OFFICIAL OF VASWANI IND. HE TOLD ME THAT THE
SEBI DECISION WILL BE OUT IN A DAY OR TWO.

LETS HOPE FOR THE GOOD NEWS.

sebi decision out when ?