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Vascon Engineers IPO is a book built issue of Rs 178.20 crores.
Vascon Engineers IPO bidding started from January 27, 2010 and ended on January 29, 2010. The shares got listed on BSE, NSE on February 15, 2010.
Vascon Engineers IPO price band is set at ₹165 to ₹185 per share. The minimum lot size for an application is 35 Shares. The minimum amount of investment required by retail investors is ₹6,475.
Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Vascon Engineers IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Vascon Engineers IPO RHP for detailed information.
| IPO Date | January 27, 2010 to January 29, 2010 |
| Listing Date | February 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹185 per share |
| Lot Size | 35 Shares |
| Total Issue Size | 10,800,000 shares (aggregating up to ₹178.20 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 79,216,050 |
| Share holding post issue | 90,016,050 |
Vascon Engineers IPO offers 10,800,000 shares. 6,420,000 (59.44%) to QIB, 1,070,000 (9.91%) to NII, 3,210,000 (29.72%) to RII, 100,000 (0.93%) to employees. 91,714 RIIs will receive minimum 35 shares and (sNII) and (bNII) will receive minimum 1,085 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 6,420,000 (59.44%) | NA |
| NII (HNI) Shares Offered | 1,070,000 (9.91%) | |
| Retail Shares Offered | 3,210,000 (29.72%) | 91,714 |
| Employee Shares Offered | 100,000 (0.93%) | NA |
| Total Shares Offered | 10,800,000 (100%) |
Investors can bid for a minimum of 35 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹6,475 |
| Retail (Max) | 30 | 1050 | ₹194,250 |
| Lot Size Calculator | |||
The individual promoters of the Company are:
1. R. Vasudevan;
2. Lalitha Vasudevan;
3. Thangam Moorthy; and
4. Geeta Lulla.
The corporate promoters of the Company are:
1. Vatsalya Enterprises Private Limited;
2. Premratan Exports Private Limited; and
3. Golden Temple Pharma Private Limited.
| Share Holding Pre Issue | 43.81% |
| Share Holding Post Issue | 38.41% |
Incorporated in 1986, Vascon Engineers Limited is engineering, procurement and construction services and real estate Development Company with operations in a number of states and union territories in India. Vascon have significant experience of 23 years in providing EPC services which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings.
Vascon Engineers third party EPC clients include well-known Indian and multi-national companies such as Cipla Limited, Emcure Pharmaceuticals Limited, Zensar Technologies Limited, Kirloskar Brothers Limited, Symbiosis, Okasa Pharma Private Limited, PTC Software (India) Private Limited and Goa Institute of Management. They have also provided EPC services to their Subsidiaries and the Other Development Entities’ projects, such as Marigold, Marisoft Annex, Weikfield IT Citi Infopark, Vista and Zircon.
In addition to developing and providing EPC services for real estate projects, Vascon also continue to own or operate certain projects subsequent to their completion. For example, they own the Vista do Rio, Vascon own an interest in the Galaxy Resorts in Goa, the Golden Suites service apartment complex in Pune, and Marigold Premises Private Limited, which owns and operates the Mariplex mall and office complex. Additionally they are involved in developing a multi-level car parking for Delhi International Airport.
| Particulars | For the year/period ended (Rs. in Million) | |||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 5,247.57 | 6,205.34 | 3,992.46 | 1,430.60 |
| Profit After Tax (PAT) | 192.60 | 595.06 | 466.23 | 127.01 |
| KPI | Values |
|---|---|
| ROE | 6.9% |
| RoNW | 7.85% |
The objects of the Issue are to raise funds for
1. Construction of EPC contracts and real estate development projects;
2. Repayment of debt;
3. General corporate purposes; and
4. Achieve the benefits of listing on the Stock Exchanges.
The Vascon Engineers IPO is subscribed 1.22 times on January 29, 2010 5:00:00 PM. The public issue subscribed 0.62 times in the retail category, 1.12 times in the QIB category, and 3.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.12 |
| NII | 3.65 |
| Retail | 0.62 |
| Employee | 0.54 |
| Total | 1.22 |
CRISIL has assigned an IPO Grade 3 to Vascon Engineering Ltd IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for Vascon Engineers Limited
| Listing Date | February 15, 2010 |
| BSE Script Code | 533156 |
| NSE Symbol | VASCONEQ |
| ISIN | INE893I01013 |
| Final Issue Price | ₹165 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹165.00 |
| ₹170.00 |
| ₹144.00 |
| ₹173.45 |
| ₹147.20 |
| NSE |
|---|
| ₹165.00 |
| ₹156.00 |
| ₹145.10 |
| ₹171.95 |
| ₹148.05 |
Vascon Engineers Limited
15/16, Hazari Baug,
L.B.S. Marg, Vikhroli (W),
Mumbai 400 083, Maharashtra, India
Phone: (91 22) 2578 1143
Email: compliance.officer@vascon.com
Website: http://www.vascon.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: vasconipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Vascon Engineers IPO is a main-board IPO of 10,800,000 equity shares of the face value of ₹10 aggregating up to ₹178.20 Crores. The issue is priced at ₹165 to ₹185 per share. The minimum order quantity is 35 Shares.
The IPO opens on January 27, 2010, and closes on January 29, 2010.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Vascon Engineers IPO opens on January 27, 2010 and closes on January 29, 2010.
Vascon Engineers IPO lot size is 35 Shares, and the minimum amount required is ₹6,475.
You can apply in Vascon Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vascon Engineers IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vascon Engineers IPO allotment status.
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