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Vaksons Automobiles IPO is a fixed price issue of ₹6.24 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹6.24 crore.
Vaksons Automobiles IPO bidding started from Sep 28, 2015 and ended on Oct 1, 2015. The shares got listed on BSE SME on Oct 16, 2015.
Vaksons Automobiles IPO price is ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Aryaman Financial Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Vaksons Automobiles IPO RHP for detailed Information.
| IPO Date | September 28, 2015 to October 1, 2015 |
| Listing Date | October 16, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,00,000 shares (aggregating up to ₹6.24 Cr) |
| Reserved for Market Maker | 1,28,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3328 Cr) |
| Net Offered to Public | 22,72,000 shares (aggregating up to ₹5.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 41,75,300 shares |
| Share Holding Post Issue | 65,75,300 shares |
Vaksons Automobiles IPO offers total 24,00,000 shares. Out of which 11,36,000 (47.33%) allocated to NII, 11,36,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,28,000 (5.33%) |
| NII (HNI) Shares Offered | 11,36,000 (47.33%) |
| Retail Shares Offered | 11,36,000 (47.33%) |
| Total Shares Offered | 24,00,000 (100.00%) |
Vaksons Automobiles IPO opens on September 28, 2015, and closes on October 1, 2015.
| IPO Open Date | Mon, Sep 28, 2015 |
| IPO Close Date | Thu, Oct 1, 2015 |
| Tentative Listing Date | Fri, Oct 16, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 1, 2015 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Vaksons Automobiles is an authorised dealer for Force Motors Ltd. The Company sells and services Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), and 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.
The Company Vaksons Automobiles IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Finance the setting up of Vehicle Service Centre at Sonepat, Haryana | 0.51 |
| 2 | Meet Long Term Working Capital Requirements of the company | 3.01 |
| 3 | Invest in the subsidiary company –Vaksons Metaplast Pvt. Ltd | 1.83 |
| 4 | Land Registration | 0.35 |
[Dilip Davda] <p><em><strong>This aggressively priced offer may be given a miss.</strong> </em></p> Read detail review...
| Listing Date | October 16, 2015 |
| BSE Script Code | 539402 |
| NSE Symbol | |
| ISIN | INE256S01012 |
| Final Issue Price | ₹26 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.25 |
| Low | ₹26.25 |
| High | ₹27.00 |
| Last Trade | ₹27.00 |
Vaksons Automobiles Ltd.
105, 1st Floor, Barodia Tower, Plot No 12,
D Block,
Central Market Prashant Vihar,
New Delhi, New Delhi, 110085
Phone: +91 9354833999
Email: info@vaksonsautomobiles.in
Website: http://www.vaksonsautomobiles.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Vaksons Automobiles IPO is a SME IPO of 24,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.24 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on September 28, 2015, and closes on October 1, 2015.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Vaksons Automobiles IPO using UPI as a payment gateway. Zerodha customers can apply in Vaksons Automobiles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vaksons Automobiles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vaksons Automobiles IPO opens on September 28, 2015 and closes on October 1, 2015.
Vaksons Automobiles IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Vaksons Automobiles IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Vaksons Automobiles IPO listing date is on Friday, October 16, 2015.
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