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Vascon Engineers Limited IPO (Vascon Engineers IPO) Detail

Jan 27, 2010 - Jan 29, 2010

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 Promoters:

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.

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:

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 Details

IPO DateJan 27, 2010 - Jan 29, 2010
Issue TypeBook Built Issue IPO
Issue Size10,800,000 Eq Shares of ₹10
(aggregating up to ₹178.20 Cr)
Face Value₹10 Per Equity Share
IPO Price₹165 to ₹185 Per Equity Share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE

Vascon Engineers IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum135₹6,475
Maximum301050₹194,250

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

Check IPO Ratings from other stock analysts.

Vascon Engineers IPO Subscription Status (Bidding Detail)

Vascon Engineers IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

6,420,000

1,070,000

3,210,000

100,000

10,800,000

Jan 29, 2010 17:00

1.12x

3.65x

0.62x

0.54x

1.22x

Vascon Engineers IPO Prospectus

Vascon Engineers IPO Rating

77
3.6
Rating:Rated 3.6 stars

Vote Here ...

Vascon Engineers IPO Listing Date

Listing DateMonday, February 15, 2010
BSE Script Code533156
NSE SymbolVASCONEQ
Listing InB
ISININE893I01013
IPO Price₹165 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹165.00
₹170.00
₹144.00
₹173.45
₹147.20
5,951,747
NSE
₹165.00
₹156.00
₹145.10
₹171.95
₹148.05
9,470,462

Vascon Engineers IPO Reviews / Ratings

  • S P Tulsian - Avoid
  • Business Line - Avoid
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  • Swastika Investmart Ltd - Subscribe for Long Term
  • HDFC Securities Limited - Subscribe

Company Contact Information

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

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: vasconipo@karvy.com
Website: https://karisma.karvy.com/

Vascon Engineers IPO FAQs

  1. 1. What is Vascon Engineers IPO?

    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 price of the IPO is ₹165 to ₹185 Per Equity Share. The minimum order quantity is 35 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Vascon Engineers IPO will open?

    The Vascon Engineers IPO opens on Jan 27, 2010 and closes on Jan 29, 2010.

  3. 3. How to apply for Vascon Engineers IPO?

    Vascon Engineers IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Vascon Engineers IPO allotment?

    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.

  5. 5. When is Vascon Engineers IPO listing date?

    The Vascon Engineers IPO listing date is on Monday, February 15, 2010, at BSE, NSE.
  6. 6. What is the lot size of Vascon Engineers IPO?

    Vascon Engineers IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

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Vascon Engineers IPO Review / Comments

IPO KUMAR
97. IPO KUMAR  Feb 23, 2010 19:59
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
IPO YUVRAJ
96. IPO YUVRAJ  Feb 23, 2010 17:24
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
HARDIK
95. HARDIK  Feb 23, 2010 17:14
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
sreedhar
94. sreedhar  Feb 15, 2010 16:51
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.
Srini
93. Srini  Feb 15, 2010 16:51
Utter flop on opening day.
Arun
92. Arun  Feb 15, 2010 15:22
IMRAN DOST,
You might be thanking the Bank after Vascon Listing
rama
91. rama  Feb 15, 2010 13:46
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.
Ak
90. Ak  Feb 15, 2010 13:39
Ajay and tc you are right well on vescon.this make fool to retailers.tel on hathway listing
Ak
89. Ak  Feb 15, 2010 13:33
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
Ak
88. Ak  Feb 15, 2010 13:29
Isne to duba dia abhi b bechlo hold mat karo.ye 125
par milega
TC
87. TC  Feb 15, 2010 10:11
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.
raja
86. raja  Feb 14, 2010 17:59
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
SJP GLOBAL
85. SJP GLOBAL   Feb 14, 2010 10:59
VASCON ENGINEERS IPO LISTING RS- 180
IMRAN
84. IMRAN  Feb 13, 2010 23:40
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
IMRAND
83. IMRAND  Feb 13, 2010 22:48
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.
HARDIK
82. HARDIK  Feb 13, 2010 20:05
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?
neha
81. neha  Feb 13, 2010 16:34
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
ipo king
80. ipo king  Feb 13, 2010 16:26
i am totally agree with ipo queen,
vascon ka listing achha hi hoga.
IMRAN
79. IMRAN  Feb 13, 2010 15:39
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
HARDIK
78. HARDIK  Feb 13, 2010 12:55
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.............



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