Vaswani Industries Ltd IPO (Vaswani IPO) Detail

Apr 29, 2011 - May 3, 2011

Incorporated in 2003, Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.

Company has manufacturing facilities in an industrial area at Sondra Village, near to Raipur train station. Presently VIL manufactures Coal-based Sponge Iron using 3 indigenously developed rotary kilns, with a capacity of 90000 M.T. (3 X 100 MT) along with a Waste Heat Recovery Boiler (WHRB) with a generation capacity of 11.5 MW Power & a Steel Ingot/Billet Plant of capacity 59400 MT. (2 X 9 MT).

In past, Company has Installed 3 Induction Furnaces with a capacity of 36000 MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron. (In year 2007 / 08).

Company has also installed power generation of 7.5 MW, 5 MW from Waste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. Company sells its surplus power generated to private power companies.

Objects of the Issue

The objects of the issue are:

1. To finance pre-payment of the term loan;
2. To finance long term working capital requirement;
3. For general corporate purposes and;
4. To finance public issue expenses.

Vaswani IPO Details

Vaswani IPO Date Apr 29, 2011 to May 3, 2011
Vaswani IPO Face Value ₹10 per share
Vaswani IPO Price ₹45 to ₹49 per share
Vaswani IPO Lot Size 120 Shares
Issue Size23,490,700 shares of ₹10
(aggregating up to ₹49.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The promoters of the company are:

1. Mr. Ravi Vaswani
2. Pramod Vaswani
3. Mr. Yashwant Vaswani

Vaswani IPO Lot Size

The Vaswani IPO lot size is 120 shares. A retail-individual investor can apply for up to 34 lots (4080 shares or ₹199,920).

Application Lots Shares Amount
Retail (Min) 1 120 ₹5,880
Retail (Max) 34 4080 ₹199,920

Vaswani Industries Ltd IPO Grading

ICRA has assigned an IPO Grade 2 to Vaswani Industries IPO. This means as per ICRA, company has 'Below Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Vaswani IPO Grading Report

IPO Notices

External Link

Vaswani Industries Limited (Scrip Code: 533576) IPO stocks Listing

Date Posted: 21st Oct 2011

Vaswani Industries Limited (Scrip Code: 533576) IPO stocks will be traded from Monday, October 24, 2011. The trading of Vaswani IPO Stock was delayed because of Bonus Equity Shares announced by company. Read BSE Notice for more detail.

Fixes Record Date for Bonus Issue | 22/09/11 16:09

Vaswani Industries Ltd has informed BSE that the Company have fixed October 03, 2011 as the Record Date for the purpose of issue of Bonus Shares in the proportion of 1 (one) Equity Share for every 4 (four) Shares of Rs. 10/- each.

Vaswani Industries IPO application Withdrawal Option

Date Posted: 02nd Sept 2011

Vaswani Industries IPO finally offers application withdrawal option to its investors. This withdrawal option will remain open for a period of ten (10) days from September 01, 2011 till September 10, 2011.

The notice published by company says:

In compliance with the directions given by SAT in its aforesaid Order, our Company hereby gives an option only to Retail Individual Investors ('RIIs'), who have participated in our IPO, who may, if they so desire, withdraw their applications in the Retail Individual Investors' category for the number of shares specified in the table given below in their respective categories under the heading 'Excess Allotment entitled for withdrawal option' i.e. the number of shares, by which the allotment ratio was impacted due to exceptionally abnormal withdrawals in the Non-Institutional Category (NII) category. The Book Running Lead Manager (BRLM), Ashika Capital Limited, has carried out the computation for the number of shares to be offered for withdrawal option in consultation with the Registrar to the Issue (RTI) and the category-wise details for the withdrawal option is given in below notice.

Download Vaswani IPO withdrawal Notice

SEBI's Press release in the matter of Vaswani Industries Ltd.

Date Posted: 11th July 2011

SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:

  1. Vaswani Industries Ltd shall give withdrawal option to all the investors who have been allotted shares in the non-institutional investors category and the retail individual investors category.
  2. Investors who apply in the withdrawal option shall enclose a Delivery Instruction Slip.
  3. In the event of refund/withdrawal on the exercise of the withdrawal option by an investor, the Company may deduct the expenses incurred in connection with its IPO.
  4. Rikhav Securities Limited is prohibited to act as a syndicate member/sub-syndicate member for all forthcoming issues.

SEBI Order in the matter of Vaswani Industries Ltd.

Date Posted: 26th May 2011

SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:

  1. Listing of security of the company should be stopped till an investigation of the withdrawal of applications is complete.
  2. Before permitting the security of the company to list, investors should be given an exit option so that the securities allotted to them in the IPO can be withdrawn; subsequently, a call on the investment in the company can be taken by the investors post listing of the same.
  3. A detailed investigation will start in this matter which will complete in 30 days (by 25th June 2011).
  4. The bankers will place the amount in the public issue account in an interest earning account.

SEBI withholds listing of Vaswani Industries Ltd.

SEBI PR No.71/2011

The public issue of Vaswani Industries Ltd. was open during April 29, 2011 to May 03, 2011. Post the closure of the issue, SEBI had received complaints from investors regarding irregularities in the subscriptions in the said issue. Based on the data received from the exchanges/registrars regarding the subscriptions/withdrawals and preliminary inquiries into the matter, SEBI has advised the stock exchanges to withhold the listing of securities until further instructions. Inquiries in the matter are in progress. Based on the findings, appropriate action would be taken.

May 18, 2011

Vaswani IPO Subscription Status (Bidding Detail)

The Vaswani IPO is subscribed 4.16 times on May 3, 2011 6:00:00 PM. The public issue subscribed 6.83 times in the retail category, 0.16 times in the QIB category, and 11.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Vaswani IPO Prospectus

Vaswani IPO Rating

Rating:Rated 3.8 stars
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Vaswani IPO Listing Date

Listing Date Tuesday, September 20, 2011
BSE Script Code 533576
Listing In B Group of Securities
ISIN INE590L01019
IPO Price ₹49 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Vaswani Industries Ltd
MIG-4, Indrawati Colony,
Raipur- 492 001
Phone: +91 0771 4226000

Vaswani IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Vaswani IPO Review

Vaswani IPO Recommendation Summary

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Vaswani IPO FAQs

Vaswani IPO is a main-board IPO of 23,490,700 equity shares of the face value of ₹10 aggregating up to ₹49.00 Crores. The issue is priced at ₹45 to ₹49 per share. The minimum order quantity is 120 Shares.

The IPO opens on Apr 29, 2011, and closes on May 3, 2011.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Vaswani IPO opens on Apr 29, 2011 and closes on May 3, 2011.

Vaswani IPO lot size is 120 Shares and the minimum order quantity is .

You can apply in Vaswani 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 Vaswani IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vaswani IPO allotment status.

The Vaswani IPO listing date is on Tuesday, September 20, 2011.
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Vaswani IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



579. ash jain |   Link |Oct 21, 2011 9:09:54 AM
Vaswani ka bonus share credit ho gaya he. Trading kab hoga.please good news ? Any one
578. manish mehta |   Link |Oct 21, 2011 8:39:29 AM
bonus shares credited to demat a/c
577. Rajessons |   Link |Oct 20, 2011 11:57:01 AM
IPO Anna, Your grey market premium rate is of which place???
576. IPO ANNA |   Link |Oct 19, 2011 9:00:13 PM
trading kabhi nahi hone wali hai (only grey market rate 25 premium) vaswani ind ltd.
575. Rajessons |   Link |Oct 19, 2011 7:29:54 PM
Grey market premium of Vaswani Industries ????
574. IPO LOOSER |   Link |Oct 19, 2011 10:54:54 AM
any1 have idea ?
when bonus will come and trading will start ?
what is gmp ?
it is almost six months passed and vaswani is enjoying money!!
573. B L A C K A N N A |   Link |Oct 17, 2011 5:24:50 PM
listing is in next week
572. IPO ANNA |   Link |Oct 17, 2011 5:18:04 PM
vaswani ind ltd listing toh hogaye hai but trading kabhi nahi hone wali hai paise chale gaye hai
571. KUMAR MKB |   Link |Oct 17, 2011 4:50:26 PM
Hello All,

What happened in meeting?

Anyone has any update?

570. JUBILANT |   Link |Oct 16, 2011 9:15:05 AM
Fundamentally sound companies ,sutlej,NHPC,NMDC,engineers india,PFC,PFS,innoventiveand powerful tatasteel are made investors loss 100% but some of faltu issues are giving loss and profit 50-50 %
569. gundu anna |   Link |Oct 16, 2011 7:51:08 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I suggest henceforth not do punting on small and manipulated issues in the future because my analysis shows that in one issue u make money and in other u loose it. So it is better to apply for fundamentally sound companies.
568. ullu |   Link |Oct 12, 2011 9:04:31 PM
Vaswani ki listing ho gayi hai. Trading shuru hona baki hai.
567. vasa red |   Link |Oct 12, 2011 12:27:01 PM
Dear all,

Received the annual report just now by post AGM is on 17th, listingg date not sure
566. KUMAR MKB |   Link |Oct 11, 2011 10:15:09 PM
Hello All,

I got the 8th AGM manifesto by post

Letters To Shareholders
Dear Members,
You are cordially invited to attend the 8th Annual General Meeting of the members to be held on Monday, 17th October, 2011 at 10.30 A.M. at the Registered Office of the Company at MIG-4, Indrawati Colony, Raipur Chhattisgarh, India.

Warm Regards,
Ravi Vaswani
Managing Director
565. gundu anna |   Link |Oct 11, 2011 7:00:33 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)

Dont become desperate. Wait somemore days. Good luck to u..
564. IPO ANNA |   Link |Oct 10, 2011 9:34:17 PM
vaswani ki listing karo,, vaswani ki listing karo,,vaswani ki listing karo,,vaswani ki listing karo,,vaswani ki listing karo,,vaswani ki listing karo,,
kab hogi listing ?
563. KUMAR MKB |   Link |Oct 10, 2011 8:53:50 PM
I got this email from ashika Cap


As desired, please note that the bonus shares will be credited to your account only after the AGM, which is scheduled to be held on October 17, 2011.

Warm Regards,

Manish Gaur
Ashika Capital Limited
562. devilal jat |   Link |Oct 10, 2011 4:39:53 PM
stay up to 20 th the co will list we do not know the person who complaints and our money stuck and even after listing rdb rasayana also traded at 20 so making complaint is painful and person who make the complaint what he gets we do not know but our money stuck for 4 month
561. mehul s |   Link |Oct 9, 2011 12:47:32 PM
thanks for your "Karma" but again i say u are like digvijay when first u say ," even on getting some penny you people dance in midnight, why now blame others" and then term such things by terming it Karma ..hahaha....
560. gundu anna |   Link |Oct 9, 2011 8:04:44 AM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Mehul & Manish,

I am doing my "karma" to educate innocent investors. You are doing ur "karma" of rediculing me. This is kaliyug. It's ok.

I only meant to say dont depend on operators to make money!!! Dont gamble with your money...