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Vascon Engineers Limited IPO (Vascon Engineers IPO) Detail

January 27, 2010 - January 29, 2010

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.

Vascon Engineers IPO Details

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 Size10,800,000 shares
(aggregating up to ₹178.20 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Vascon Engineers IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered6,420,000 (59.44%)NA
NII (HNI) Shares Offered1,070,000 (9.91%)
Retail Shares Offered3,210,000 (29.72%)91,714
Employee Shares Offered100,000 (0.93%)NA
Total Shares Offered10,800,000 (100%)

Vascon Engineers IPO Lot Size

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

About Vascon Engineers Limited

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.

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
31-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income5,247.576,205.343,992.461,430.60
Profit After Tax (PAT)192.60 595.06466.23127.01

Objects of the Issue (Vascon Engineers IPO Objectives)

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.


Vascon Engineers IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB1.12
NII3.65
Retail0.62
Employee0.54
Total1.22

Vascon Engineering Ltd IPO Grading / Rating

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

Vascon Engineers IPO Prospectus

Vascon Engineers IPO Rating

77
3.6
Rating:Rated 3.6 stars
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Vascon Engineers IPO Listing Details

Listing Date February 15, 2010
BSE Script Code 533156
NSE Symbol VASCONEQ
ISIN INE893I01013
Final Issue Price ₹165 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Vascon Engineers Limited Contact Details

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

Vascon Engineers IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: vasconipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Vascon Engineers IPO - Buy or Not

Vascon Engineers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Vascon Engineers IPO FAQs

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.

The Vascon Engineers IPO listing date is on February 15, 2010.
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Vascon Engineers IPO Message Board

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97 Comments

97. IPO KUMAR |   Link |  Bookmark |February 23, 2010 6:59:33 PM
WHO IS THIS HARDIK?
AND WHY IS HE FIGHTING WITH EVERY BODY?
WHY IS HE USING FILTHY LANGUAGES?
DEAR HARDIK PLEASE DO NOT BLOG HERE?
YEH SHARIFON KAA BLOG HAIN
PLEASE I REQUEST YOU TO BLOG SOME WHERE ELSE
96. IPO YUVRAJ |   Link |  Bookmark |February 23, 2010 4:24:59 PM
80. ipo king Feb 13, 2010 4:26:42 PM IST Report Spam!
i am totally agree with ipo queen,
vascon ka listing achha hi hoga.


IPO KING & QUEEN
Ye jo ad aa rahi hain na

100 TRADES 92 WIN

Ye tumarae jaia Kabutore ke liye hai
95. HARDIK |   Link |  Bookmark |February 23, 2010 4:14:24 PM
97. IMRAN
Butter sasta ho gaya ?
chamchagiri chord de
mai tere kaleje ka tukra nahi hun
Mai tera dost hun aur dosto ka farz hai
DOST ko sahi raste pe lana
Aisa kar tu
Astec LifeSciences Limited
Den Networks Limited
ke share khareed le, Bhaut uppar jayenge, bas khareed le
Aur tere ko bhi uppar le jayenge
94. sreedhar |   Link |  Bookmark |February 15, 2010 3:51:50 PM
Well said TC,Khatte Angur Khatte hi hote hai.Khatte Angur Meeta hone ke kwab deknewalo ko Vascon Engineers listing acha Jawab diya.It is good that Issues are listing as per their inherent value and giving an oppurtunity for people to invest in correct companies.Recently lot of speculators have entered discussion board and giving their comments saying each and every IPO will list with a bang.Such IPOs are necessary to ensure every tom,dick & harry will not apply for IPOs and create oversubscription like ARSS.
93. Srini |   Link |  Bookmark |February 15, 2010 3:51:03 PM
Utter flop on opening day.
92. Arun |   Link |  Bookmark |February 15, 2010 2:22:08 PM
IMRAN DOST,
You might be thanking the Bank after Vascon Listing
91. rama |   Link |  Bookmark |February 15, 2010 12:46:03 PM
Sell syncom......This will go the astec way... Rememeber the price of astec lifesciences is 58 at present..........

Book your profit immediately.......

Rama

Discl: I have not applied for syncom IPO.
90. Ak |   Link |  Bookmark |February 15, 2010 12:39:17 PM
Ajay and tc you are right well on vescon.this make fool to retailers.tel on hathway listing
89. Ak |   Link |  Bookmark |February 15, 2010 12:33:38 PM
Isne to duba dia abhi b bechlo hold mat karo.ye 125
par milega.hathway par tc apna view dena.kya retailer ko full allotment milega hathway me tell plz
88. Ak |   Link |  Bookmark |February 15, 2010 12:29:27 PM
Isne to duba dia abhi b bechlo hold mat karo.ye 125
par milega
87. TC |   Link |  Bookmark |February 15, 2010 9:11:26 AM
pLEASE CHECK MY COMMENT ON NUMBER 71 VASCON TO COME AT 10 RS DISCOUNT ON LISTING. SAME FATE ON THAND JEWELLERY,AQUA LOGISTIC AND HATHWAY.

ONLY COX KINGS,INFINITE,JUBILAINT AND ARSS TARE GOOD FOR INVESTMENT BEING SMALL ISSUE AND GETTING SUBSCRIBED HEAVILY.
86. raja |   Link |  Bookmark |February 14, 2010 4:59:19 PM
vascon will list around 172/73 sell on listing and make profit around Rs3500\= ARSS ka too profit 1500/1800 mil jaye to ganimat samzo, cheque stop payment karao aur MAN INFRA mein apply karo grey market premium 75\= chalta hai
85. SJP GLOBAL |   Link |  Bookmark |February 14, 2010 9:59:34 AM
VASCON ENGINEERS IPO LISTING RS- 180
84. IMRAN |   Link |  Bookmark |February 13, 2010 10:40:51 PM
Thanks Hardik abhi to monday ko he dekhenge kya hota hai agar Agar bank ne punching mein galiti ki hogi to dekhte hai kya hota hai ab wo mondy ko bank jakar he pata chalega
83. IMRAND |   Link |  Bookmark |February 13, 2010 9:48:07 PM
acha ho gaya vascon ka faram reject ho gaya. nahin to discount khulta. abhe mia, pay order kion dia tha. chq deni thi. abhi icici jaakar payorder wapis laker aa ja. nahin to pay order lahore chaey jaigi, my name is khan kay pas. aur thackrey chacha naraj ho jai ga.
82. HARDIK |   Link |  Bookmark |February 13, 2010 7:05:02 PM
imran

monday ko bank ja kar dekho aakhir majra kya hai?

or jub hum ipo apply karte hai tab hum cheq se pay karte hai or woh payment 3 ya 4 din ke bad debit hota hai matlab bank ka kam ho gaya or fir shares alot karne ka kam registrar ka hota hai agar account punching me galti hoti hai toh shares registrar ke account me rahete hai.......

lekin aap ko bank se phone aaya hai to dekho bank kya kaheti hai?
81. neha |   Link |  Bookmark |February 13, 2010 3:34:19 PM
here is the comment of udyan about vascon

vascon at least has some pedigree. It’s an engineering company and the biggest comfort for me is that HDFC owns nearly 15% of that company. HDFC is blueblood. When it owns 15%, it gives a bit of comfort but their engineering is largely related to real estate. So I think there is vastly higher risk category in the infrastructure space. Vascon from this list probably has the highest chance of going through because of the slightly higher pedigree. The others will struggle
80. ipo king |   Link |  Bookmark |February 13, 2010 3:26:42 PM
i am totally agree with ipo queen,
vascon ka listing achha hi hoga.
79. IMRAN |   Link |  Bookmark |February 13, 2010 2:39:45 PM
Hi Hardik muje Abhi icici Bank se call aaya thaa wo bol raha thaa aap ki aplication reject hui hai aap apna pay ordar le jao lekin probleam wo nahi hai Rgistrar se refund aayega ya Banker refund dega ???? monday ko bulaya hai bank ne meine mail kar diya hai aur dono account ka problem kese ho sakta hai aur jis branch se call aaya thaa brokar ne usi branch mein form submit kiya thaa meri samaj mein nahi aata banker call kese karsakta hai muje lagta hai banker ne Aplication punch karne mein galti ki hai sayad
78. HARDIK |   Link |  Bookmark |February 13, 2010 11:55:38 AM
hi imran

reg - agar karvy hai to uski srviess kafi buri hai .

aapke pass hi koi karvi ki office me jaiye or problem batae or "sreedharamurthy@karvy.com" yeh id per mail kariye toh aap ko jaldi answer milega main bhi ibullpower me atka tha... baki karvy ki sate se phone nomber galat hote hai .........

ok.
try again...
brother.............