Vascon Engineers Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

₹ 178.2

Price Range (₹)

₹ 165

Lot Size

35

Min Investment (₹)

₹ 5,775.00

Listing Exchange

MumbaiNSE

Open Date

26-Jan-2010

Close Date

28-Jan-2010

Listing Date

14-Feb-2010

Vascon Engineers Ltd News

Price Performance

1 Week6.35
1 Month-2.00
3 Month12.62
6 Month42.53
1 Year9.39
3 Year112.04

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