Issue Open | Jan 27, 2010 |
Issue Close | Jan 29, 2010 |
IPO Price | ₹165 |
Face Value | ₹10 |
IPO Size | ₹178.20 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 35 |
VASCON ENGINEERS
LIMITED
Vascon Engineers Limited (the"Company") or
("Issuer") was originally incorporated on January 1,1986 as a private
limited company under the provisions of the Companies Act, 1956 Maharashtra. BASIS OF ALLOTMENT PUBLIC ISSUE OF 10,800,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF
RS.165 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 155 PER EQUITY SHARE, AGGREGATING
RS. 1,782-00 MILLION (THE "ISSUE") BY THE ISSUER. THE ISSUE COMPRISES A NET
ISSUE TO THE PUBLIC OF 10,700,000 SHARES OF RS. 10 EACH (THE "NET ISSUE") AND A
RESERVATION OF UP TO 100,000 EQUITY SHARES OF RS. 10 EACH FOR ELIGIBLE EMPLOYEES (THE
"EMPLOYEE RESERVATION PORTION").THE ISSUE WOULD CONSTITUTE 11.95% OF THE FULLY
DILUTED POST ISSUE PAID-UP CAPfTAL OF THE COMPANY AND THE NET ISSUE WOULD CONSTITUTE
11.84% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.THE ISSUE PRICE IS
RS-165. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 AND THE ISSUE PRICE IS 16.5 TIMES OF
THE FACE VALUE The Issue is made through the 100% Book Building Process wherein at least 60% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (inducing 5% of the QIB portion that was to be specifically allotted to mutual funds), further,up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.The Issue received 8,073 applications for 12,575,490 Equity Shares resulting in 1.16 times subscription. The details of the applicationsreceived in the Issue from QIBs, Non-Institutional, Retail Individual Investors and Employee categories are as under: (Before technical Rejections}
Final Demand
T he Basis ol Allocation was finalized in consultation with the National Stock Exchange of India Limitea ( "NSE" ) on February 8, 2010. A. Employees B. Allocation to Retail Individual Investors (Including ASBA Applications)
(After Technical Rejections) C. Allocation to Non-Institutional Investors (After Technical Rejection)
The Basis of Allocation to the Qualified Institutional Investors, who have Bid at the Issue Price of Rs.165/-per Equity Share or above, was finalized in consultation with NSE. Overall 19 applications tor 7,191,660 Equity Shares were found valid and they were considered for allotment, (including spill over of 433651 equity shares from other categories)
The Board of Directors of the Company at its meeting held at Hyderabad on 08.02.2010
has approved the basis of allocation of Equity Shares of the Issue and has allotted the
Shares to various successful applicants. INVESTORS PLEASE NOTE All future correspondences In this regard may kindly be addressed to the Registrars to the Issue quoting full name ot the First/ Sole applicant, Serial number of the bid-cum-appllcation form, number of Equity Shares Bid for, name of the Member of the Syndicate and place where the Bid was submitted and payment details at the address given below: Karvy Computershare Private Limited TOLL FREE - HELPLINE NUMBER
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF VASCON ENGINEERS LIMITED. |
The Vascon Engineers IPO basis of allotment (published above) tells you how shares are allocated to you in Vascon Engineers IPO and category wise demand of IPO share.
Visit the Vascon Engineers IPO allotment status page to check the number of shares allocated to your application.
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