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| PRODUCT NOTE |
| Vascon Engineers Limited |
| OPENS ON: 27/01/2010 |
CLOSES ON: 29/01/2010 |
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| Company Details: |
- Vascon is engineering, procurement and construction services and real estate Development Company with operations across states.
- Vascon provides EPC services for its own projects as well as to third parties and its third-party EPC clients include well-known companies such as Cipla, Kirloskar Brothers and Symbiosis.
- Vascon Engineers Ltd. is a fast growing professionally managed EPC & real estate development Company with more than 650 Employees and Project in Seven States in India.
- For the year ended March 31, 2009, the company has reported net profit of Rs 31.27 crore on total income of Rs 524.76 crore. Vascon has a 39- billion-rupee order book, including three projects worth 6 billion rupees in the cities of Mumbai, Chennai and Hyderabad it bagged in the last two months, .
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| IPO Grading: |
- CRISIL has assigned IPO Grade 3/5 to the IPO of Vascon Engineers. This grade indicates that the fundamentals of the issue are average relative to other listed equity securities in India.
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| Issue Details: |
| Issue Size |
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178-200 Crores |
| Face Value |
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Rs.10/- per share. |
| Floor Price |
: |
Rs.165 |
| Cap Price |
: |
Rs.185 |
| Lot Size |
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35 Equity Shares & in multiples of 35 equity shares. |
| Exchanges |
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NSE & BSE |
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| Book Running Lead Manager : |
- Kotak Mahindra Capital Company Limited
- Enam Securities Private Limited
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
59% ( 6,400,000 Equity Shares) |
| 2. |
Non Institutional |
10% (1,100,000 Equity Shares) |
| 3. |
Retail |
30% (3,200,000 Equity Shares) |
| 4 |
Employees |
1% ( 100,000 Equity Shares) |
| Total Issue Size |
1+2+3+4 |
10,800,000 Equity shares |
| * Company may allocate up to 30% of the QIB Portion, to Anchor Investors on a
discretionary basis one day before Bid Opening Date.
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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