Business Standard

Vascon Engineers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

178.20 cr

Price Range (₹)

165

Lot Size

35

Min Investment (₹)

5,775.00

Listing Exchange

MumbaiNSE

Open Date

27-Jan-2010

Close Date

29-Jan-2010

Listing Date

15-Feb-2010

Vascon Engineers Ltd News

    The Shares of Vascon Engineers Ltd have now been listed.

    Vascon Engineers Ltd IPO Details

    Public issue of 10,800,000 equity shares of Rs. 10 each for cash at a price of Rs. 165 per equity share including a share premium of Rs. 155 per equity share, aggregating Rs. 178.20 Crores (the issue) by the issuer. The issue comprises a net issue to the public of 10,700,000 shares of Rs. 10 each (the net issue) and a reservation of up to 100,000 equity shares of Rs. 10 each for eligible employees (the employee reservation portion). The issue would constitute 11.95% of the fully diluted post issue paid-up capital of the company and the net issue would constitute 11.84% of the fully diluted post issue paid-up capital of the company.The Issue Price: Rs. 165 per equity share of face value Rs. 10 eachThe Issue price is 16.5 times of the face value

    Objective of issue

    Construction of the EPC contracts & real estate. Repayment of debt. General Corporate purposes.

    Vascon Engineers Ltd Contact Details

    Vascon Engineers Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - compliance.officer@vascon.com

    Website - www.vascon.com