Bookbuilding IPO | ₹178 Cr | Listed at BSE, NSE | Wed, Jan 27, 2010 - Fri, Jan 29, 2010
Vascon Engineers IPO is a book build issue of ₹178.20 crores. The issue is entirely a fresh issue of 1.08 crore shares of ₹178.20 crore.
Vascon Engineers IPO bidding started from Jan 27, 2010 and ended on Jan 29, 2010. The shares got listed on BSE, NSE on Feb 15, 2010.
Vascon Engineers IPO price band is set at ₹165 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹6,475 (35 shares) (based on upper price). The lot size investment for sNII is 35 lots (1,225 shares), amounting to ₹2,02,125, and for bNII, it is 174 lots (6,090 shares), amounting to ₹10,04,850.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Vascon Engineers IPO RHP for detailed Information.
IPO Open
Wed, Jan 27, 2010
IPO Close
Fri, Jan 29, 2010
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹1,485.26 Cr
| IPO Date | 27 to 29 Jan, 2010 |
| Listed on | Mon, Feb 15, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹185 |
| Issue Price | ₹165 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,08,00,000 shares (agg. up to ₹178 Cr) |
| Fresh Issue | 1,08,00,000 shares (agg. up to ₹178 Cr) |
| Share Holding Pre Issue | 7,92,16,050 shares |
| Share Holding Post Issue | 9,00,16,050 shares |
| BSE Script Code / NSE Symbol | 533156 / VASCONEQ |
| ISIN | INE893I01013 |
Vascon Engineers IPO comprises a total issue size of 1,08,00,000 shares. The net offer to the public is 1,07,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 64,20,000 (60.00%) are allocated to QIB, 10,70,000 (10.00%) allocated to NII 32,10,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 64,20,000 | 60.00% | 59.44% | NA |
| NII (HNI) Shares Offered | 10,70,000 | 10.00% | 9.91% | NA |
| Retail Shares Offered | 32,10,000 | 30.00% | 29.72% | 91,714 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 0.93% | NA | |
| Total Shares Offered | 1,08,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹5,775 |
| Retail (Max) | 34 | 1,190 | ₹1,96,350 |
| S-HNI (Min) | 35 | 1,225 | ₹2,02,125 |
| S-HNI (Max) | 173 | 6,055 | ₹9,99,075 |
| B-HNI (Min) | 174 | 6,090 | ₹10,04,850 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Construction of our EPC contracts and real estate development project | 136.50 |
| 2 | Repayment of debt | 41.17 |
| 3 | General corporate purposes | 10.35 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 43.81% | 38.41% |
| Market Cap | ₹1,485.26 Cr. |
The Vascon Engineers IPO is subscribed 1.22 times on January 29, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.62 times in the retail category, 1.12 times in the QIB category, and 3.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.12 | 64,20,000 | |
| NII | 3.65 | 10,70,000 | |
| Retail | 0.62 | 32,10,000 | |
| Employee | 0.54 | 1,00,000 | |
| Total | 1.22 | 1,08,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, Underwriting and Selling Commission | 5.90 |
| 2 | SCSB Commission | 0.01 |
| 3 | Advertising and marketing expense | 3.32 |
| 4 | Printing and stationery (including courier, transportation charges) | 1.60 |
| 5 | Others (Registrar’s fees, legal fees, listing costs etc.) | 2.29 |
| 6 | Fees paid to rating agency | 0.10 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹165.00 | ₹165.00 |
| Open | ₹170.00 | ₹156.00 |
| Low | ₹144.00 | ₹145.10 |
| High | ₹173.45 | ₹171.95 |
| Last Trade | ₹147.20 | ₹148.05 |
Lead Manager Reports
Vascon Engineers IPO is a main-board IPO of 1,08,00,000 equity shares of the face value of ₹10 aggregating up to ₹178 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 35.
The IPO opens on Wed, Jan 27, 2010, and closes on Fri, Jan 29, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Vascon Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Vascon Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vascon Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vascon Engineers IPO opens on Wed, Jan 27, 2010 and closes on Fri, Jan 29, 2010.
Vascon Engineers IPO lot size is 35, and the minimum amount required for application is ₹5,775.
You can apply in Vascon Engineers 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 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.
The Vascon Engineers IPO listing date is on Mon, Feb 15, 2010.
