Vaswani Industries Ltd IPO Message Board (Page 4)

No one is concerned about interest...Vaswani is enjoying money since 4 months.. what about interest of 4 months ?? earlier sebi has asked to keep money in interest paid account.. now Sebi/Vaswani/ashika are silent on this part!!!

GOOD DECISION OF SEBI & VASWANI. I AGREE TO SEBI & VASWANI
(NO Complaints) I THINK BEST DECISION....

Dear SKDash and Anil M,

Your concern regarding SEBI's inaction is unwarranted. First of all people knowingly apply for such third class issues for listing gain(speculation). See even after vaswani IPO, third class issue like BG global, Brooks, rushil, timbor etc gets subscribed. By clearly knowing the risks punters have applied, so no need to feel sympathy.... remember people clap when make some money...

Anil M

Completely agree with you. They were able to convince SEBI that the major withdrawal was independent decision of the investors and co had nothing to do with it and the company is innocent. if SEBI had investigated the nexus of investors (who had withdrawn), brokers, MB etc, they could have found a clear vision. Bonus and partial withdrawal option is a drama nothing else.

and also as u told, withdrawal by physical is not possible for most of the people.

if the promoters are at mistake, then also sebi allow them to keep public money..this is ridiculous...only small amount of shares are allowed to withdraw that too procedure is very bad first go to DP submit slip, get the slip, submit to registrar that too till end of 10th Sept. i am sure, many will not now this thing and till 10th... only few will be able to submit withdrawal request. VASWANI promoters wins...investor looses..sebi is just spectator.

Vaswani Industries Limited
This Notice is being given pursuant to the Order of Securities Appellate Tribunal SAT Order dated August 25, 2011 in terms of which the Issuer has been directed to give withdrawal option only to Retail Individual
Investors (‘RIIs’) who have been allotted shares in Retail Individual Investors’ category for such number of shares by which the allotment ratio was impacted due to exceptionally abnormal withdrawals in the Non-Institutional
Category (NII) category.
The Issue had opened for subscription on April 29, 2011 and closed on May 03, 2011. The Issue received as per the bid data 7,543 applications for 41,854,920 Equity Shares resulting in 4.18 times subscription. The details
of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor are as under: (After technical rejections & withdrawals)
Category No. of Applicants No. of Shares No. of times subscribed
Retail Individual Bidders 3,671 1,07,24,520 1.35
Non Institutional Bidders 8 12,59,640 0.84
Qualified Institutional Bidders 1 8,00,040 0.16
TOTAL 3,680 1,27,84,200 1.28
OPTIONS TO INVESTORS
In compliance with the directions given by SAT in its aforesaid Order, our Company hereby gives an option only to Retail Individual Investors (‘RIIs’), who have participated in our IPO, who may, if they so desire, withdraw
their applications in the Retail Individual Investors’ category for the number of shares specified in the table given below in their respective categories under the heading “Excess Allotment entitled for withdrawal option”
i.e. the number of shares, by which the allotment ratio was impacted due to exceptionally abnormal withdrawals in the Non-Institutional Category (NII) category. The Book Running Lead Manager (BRLM), Ashika Capital Limited,
has carried out the computation for the number of shares to be offered for withdrawal option in consultation with the Registrar to the Issue (RTI) and the category-wise details for the withdrawal option is given hereunder:
Bid Category As per the Basis of Allotment Excess Allotment entitled
(May 10, 2011) As per the Revised Share Allocation for Withdrawal Option
Shares Alloted No. of Investors Total Shares Alloted Shares Allocated No. of Investors Total Shares Allocated No of Shares Total No of Shares
A B C D=(B*C) E F G=(E*F) H=(B-E) I=(H*F)
120 120 341 40920 120 341 40920 0 0
240 178 191 33998 142 191 27122 36 6876
360 267 62 16554 213 62 13206 54 3348
480 355 58 20590 284 58 16472 71 4118
600 444 31 13764 357 31 11067 87 2697
720 533 6 3198 429 6 2574 104 624
840 622 2 1244 501 2 1002 121 242
960 711 32 22752 573 32 18336 138 4416
1080 800 13 10400 645 13 8385 155 2015
1200 888 20 17760 717 20 14340 171 3420
1320 977 3 2931 790 3 2370 187 561
1440 1066 8 8528 862 8 6896 204 1632
1560 1155 9 10395 933 9 8397 222 1998
1680 1244 2 2488 1006 2 2012 238 476
1800 1333 12 15996 1077 12 12924 256 3072
1920 1422 13 18486 1149 13 14937 273 3549
2040 1510 370 558700 1222 370 452140 288 106560
2160 1599 5 7995 1294 5 6470 305 1525
2280 1688 5 8440 1366 5 6830 322 1610
2400 1777 4 7108 1438 4 5752 339 1356
2520 1866 2 3732 1510 2 3020 356 712
2640 1955 4 7820 1582 4 6328 373 1492
2760 2044 2 4088 1653 2 3306 391 782
2880 2132 1 2132 1726 1 1726 406 406
3000 2221 4 8884 1798 4 7192 423 1692
3120 2310 1 2310 1871 1 1871 439 439
3360 2488 1 2488 2015 1 2015 473 473
3480 2577 17 43809 2086 17 35462 491 8347
3600 2665 3 7995 2158 3 6474 507 1521
3960 2932 8 23456 2375 8 19000 557 4456
4080 3020 382 1153640 2447 382 934754 573 218886
4080 3021 1939 5857719 2448 1939 4746672 573 1111047
TOTAL 3551 7940320 3551 6439972 1500348
The Company at its Board Meeting held on August 31, 2011 has approved the above mentioned Revised Share Allocation.
PROCEDURE
This withdrawal option shall remain open for a period of ten (10) days from the date of publication of the advertisement, i.e. September 01, 2011 till September 10, 2011.
If you wish to exercise this withdrawal option you are required to contact your respective Depository Participant (DP) and should give them the duly filled-in and signed delivery instruction slip (‘DIS’), in “Off-market” mode,
in favor of the below mentioned Escrow Demat Account. As the ISIN viz. INE590L01019 for the equity shares of the Company is suspended in terms of SEBI Circular No. SEBI/MRD/DEP/Cir-2/06 dated January 19, 2006 and
the DP cannot execute the transfer, you must request your DP to verify your signature(s) and return a copy of the duly acknowledged DIS to the you with remarks “Signature Verified” on the DIS.Thereafter, you should send
a photocopy of the duly acknowledged delivery instruction slip or counterfoil of the delivery instruction slip, along with the duly filled in Form of Withdrawal and other supporting documents to the Registrar to the Issue (address
mentioned below), so as to reach them, on or before September 10, 2011 by 5:00 PM. Any option exercised after September 10, 2011 shall not be entertained on any ground whatsoever. No withdrawal in excess of the
entitlement shall be allowed and if any investor exercises the option to withdraw Equity shares more than their entitlement as per the table mentioned above, such withdrawal request shall be rejected
in entirety. However, partial withdrawal out of entitlement would be permitted.
The details of the aforesaid escrow demat account is given below:
DP Name Ventura Securities Limited
DP ID Number IN303116
Client ID Number 10833355
Title of the Account LIIPL VIL WITHDRAWAL OPTION ESCROW DEMAT ACCOUNT
ISIN No. INE590L01019
Market Off-market
Depository NSDL
Investors having their beneficiary account in CDSL have to use Inter Depository Delivery Instruction Slip for the purpose of crediting their shares in favour of the above mention Escrow Demat Account.
The payment for accepted shares/communication for rejection will be sent to the respective investors, who apply for this withdrawal option, by way of RTGS, NECS, Direct Credit, NEFT, pay orders or demand drafts, within
a period of seven (7) days from the date of the Closure of the Withdrawal Period i.e. on or before September 17, 2011. The investors must note that the payment will be made to them on the basis of the bank account details
registered with the Depositories. Please note that if proper bank account details are not updated with the Depositories then it could result in delay in the making of payment to such investors, and any such delay shall be
at the sole risk of the investors. For all other investors, including those who have not updated their bank particulars, the refund orders will be dispatched by Speed Post/Registered Post. Such refunds will be made by pay
orders or demand drafts drawn on the Scheduled Commercial Banks and payable at par at the major cities in India.
Intimation letters along with Form of Withdrawal option are being dispatched to all the investors at the addresses as registered with their respective Depositories. If any investor does not receive the Intimation Letter and Form
of Withdrawal within a period of 3 days from the date of publication of this advertisement, he may immediately contact either the Registrar to the Issue for procuring the same or download from the websites of /Ashika Capital
Limited/Vaswani Industries Limited/Link In Time India Pvt Limited.
Bonus Offer
After the Withdrawal procedure is completed and immediately upon the listing of Shares of the Company, the Company will take necessary steps for Issuance of Bonus Shares in the ratio of 1:4 (One Equity share against
Four Equity shares held) and you will be entitled to receive the same on the balance shares held by you as on “Record Date” to be declared by the Company.
The below table provides an illustration of the calculation of Bonus Shares:
Bid Category Actual Allotment Entitlement for Withdrawal Shares held after Entitlement as on record date* Bonus on shares held (1:4) Shareholding after Bonus
(A) (B) (C) D=(B-C) E=(D/4) F=(E+D)
240 178 36 142 36 178
480 355 71 284 71 355
960 711 138 573 143 716
2040 1510 288 1222 306 1528
4080 3021 573 2448 612 3060
*Assuming withdrawal of entitled shares in full
In the event the investors choose not to avail withdrawal option, bonus shares would be allotted on all the shares held by them. Trading in shares on the Stock Exchanges shall be permitted only after the Bonus Issue of
shares and their listing formalities are completed in all respect.
INVESTORS PLEASE NOTE:
The Delivery Instruction Slip, along with the Form of Withdrawal should reach the Registrar to the Issue (Link Intime India Private Limited) at the addresses mentioned below, within a period of
10 days i.e. before September 10, 2011 by 5:00 PM.
Registrar to the Issue (RTI)
LINK INTIME INDIA PRIVATE LIMITED
Unit: VIL IPO – Withdrawal Option C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel: +91 22 2596 0320; Fax: +91 22 2596 0329; Email ID: Email Contact Person: Mr. Sanjog Sud
This notice is also available on the websites of the Company (www.vaswaniindustries.com), SEBI (www.sebi.gov.in), BSE (www.bseindia.com), NSE (www.nseindia.com), the BRLM (www.ashikagroup.com) and the
Registrars to the Issue (www.linkintime.co.in).
For Vaswani Industries Limited
Dated : August 31, 2011 Sd/-
Place : Raipur Managing Director
NOTICE TO INVESTORS
PRESSMAN
Size: 20 (w) X 38 (h)

RUN AND SAVE YOUR CAPITAL

Anyboby can on what to do with withdrawl option. shud we opt or not?. Any who has pre sold in grey before issue can better share, what are grey market buyers doing whether withdrawing or not?

I want to buy 10000 shares of Vaswani, what is current GMP?

I have clearly written earlier that for third class issues(grade 1 & 2) you should not apply. Forget about listing gains, they are mostly fake companies. Also look at BRLM's. then you will get credibility of the company.

Dear all,
Will mail/fax to given mail id and Ph No be sufficient or we have to send required documents through post/courier also.

This is a strange. Shareholders cant w/d their whole shares, rather the excess allotted portion only

notice is talking about verification of signature by DP.what does it mean.is it right procedure to fill the form and just attach the delivery instruction slip duly signed by me.

kabraji
you can download it on the website

http://www.vaswaniindustries.com/Initmation%20Letter%20alongwith%20Form%20for%20Withdrawal.pdf

I have not received the vaswavi withdrawal fom at my registered address.please let me know from which site it is to be downloaded.reply fast

HAI EVERYBODY,

FIRST OF ALL, VASWANI IND AND ASHIKA ARE THE CHEATERS. NO DOUBT.

Now, what should we do ? In my opinion we should take the withdrawal
option. Because if some body go in High Court against the decision,
then our money would be blocked for years. Because after High Court
there is an option to go in Supreme Court. From this decision our
blocked money will be released soon.
I am not in favour of company. This is my own view.

are yaro chalo listing k pehle hi halla bolte he company par....u guys r ready????????

every one call ashika capital and vaswani prmoters and juss say....poor guys.....paise ke liye kitna ghiroge!!

shame on you ashika capital,if u gng thru this website.......you guys will never see sucess after playin with small ppl money.....

a big and loud message to all investors,please please please do not subscribe issue where lead manager is ashika capital....get promise to yourself to teach lesson to ashika capital,they have ruined money of all fellow investor of vaswani industries.....coz they r the main teacher to teach promoters of such game......