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.
The individual promoters of the Company are:
1. R. Vasudevan;
2. Lalitha Vasudevan;
3. Thangam Moorthy; and
4. Geeta Lulla.
The corporate promoters of the Company are:
1. Vatsalya Enterprises Private Limited;
2. Premratan Exports Private Limited; and
3. Golden Temple Pharma Private Limited.
| Particulars | For the year/period ended (Rs. in Million) | |||
| 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 5,247.57 | 6,205.34 | 3,992.46 | 1,430.60 |
| Profit After Tax (PAT) | 192.60 | 595.06 | 466.23 | 127.01 |
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.
| IPO Opening Date | Jan 27, 2010 |
| IPO Closing Date | Jan 29, 2010 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹165 to ₹185 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,800,000 Eq Shares of ₹10 (aggregating up to ₹178.20 Cr) |
The Vascon Engineers IPO market lot size is 35 shares. A retail-individual investor can apply for up to 30 lots (1050 shares or ₹194,250).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 35 | ₹6,475 |
| Maximum | 30 | 1050 | ₹194,250 |
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
The Vascon Engineers IPO is subscribed 1.22x times on Jan 29, 2010 17:00. The public issue subscribed 0.62x in the retail category, 1.12x in the QIB category, and 3.65x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.12x |
| NII | 3.65x |
| RII | 0.62x |
| Employee | 0.54x |
| Total | 1.22x |
| Listing Date | Monday, February 15, 2010 |
| BSE Script Code | 533156 |
| NSE Symbol | VASCONEQ |
| Listing In | B |
| ISIN | INE893I01013 |
| IPO Price | ₹165 per equity share |
| Face Value | ₹10 per equity share |
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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
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: vasconipo@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 35 Shares.
The IPO opens on Jan 27, 2010, and closes on Jan 29, 2010.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Vascon Engineers IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.
Vascon Engineers IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
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, Edelweiss, 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.
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