Vascon Engineers Ltd - IPO

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