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Vaksons Automobiles is authorised dealer for Force Motors Ltd. Company sell and service Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), Small Commercial Vehicles (SCV Vehicles).
Vaksons Automobiles has 3 showrooms of Force Motors at Sonepat, Panipat and Gohana within the state of Haryana. Company also has in-house service centre at Sonepat for the servicing and other after-sales needs.
Apart from the vehicle dealership business, Vaksons Automobiles have also been involved in trading of vehicle spare parts and utilities of branded as well as generic products forming part of the auto value chain.
Vaksons Automobiles have recently incorporated a subsidiary company in the name and style of 'Vaksons Metaplast Pvt. Ltd.' in order to undertake trading in auto parts, HDPE and LDPE polymer, aluminium scrap, and other metal and plastic items on a larger scale.
Mr. Atul Kumar Jain and Mrs. Vandana Jain are the Promoters of the Company.
The Object of the Issue is to raise funds in order to:
1. Finance the setting up of Vehicle Service Centre at Sonepat, Haryana
2. Meet Long Term Working Capital Requirements of the company
3. Invest in subsidiary company - Vaksons Metaplast Pvt. Ltd.
4. Meet Issue related Expenses
5. Meet General Corporate Expenses
| IPO Opening Date | Sep 28, 2015 |
| IPO Closing Date | Oct 1, 2015 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,400,000 Eq Shares of ₹10 (aggregating up to ₹6.24 Cr) |
The Vaksons Automobiles IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104,000 |
| Maximum | 1 | 4000 | ₹104,000 |
This aggressively priced offer may be given a miss.
Read detail review...
| Listing Date | Friday, October 16, 2015 |
| BSE Script Code | 539402 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE256S01012 |
| IPO Price | ₹26 per equity share |
| Face Value | ₹10 per equity share |
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Vaksons Automobiles Limited
105, 1st Floor, Barodia Tower, Plot No 12,
D Block, Central Market Prashant Vihar,
New Delhi - 110085
Phone: +91 9354833999
Email: info@vaksonsautomobiles.in
Website: http://www.vaksonsautomobiles.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://online.cameoindia.com/
Vaksons Automobiles IPO is a SME IPO of 2,400,000 equity shares of the face value of ₹10 aggregating up to ₹6.24 Crores. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 28, 2015, and closes on Oct 1, 2015.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Vaksons Automobiles IPO opens on Sep 28, 2015 and closes on Oct 1, 2015.
Vaksons Automobiles IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Vaksons Automobiles 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Vaksons Automobiles IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vaksons Automobiles IPO allotment status.
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