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Vascon Engineers Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹185
Per Share
GMP
NIL
Grey Market
Est. Listing
₹185
Expected Price
Min. Application
₹12,950
2 lots × 35 shares
IPO Issue Details
Issue Price / Price Band₹185 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size35 Shares per Lot
Total Issue Size1,08,00,000 shares (aggregating up to ₹178.20 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 27 Jan 2010
Subscription CloseFri, 29 Jan 2010
Anchor AllotmentTue, 26 Jan 2010
Basis of AllotmentThu, 04 Feb 2010
Initiation of RefundsFri, 05 Feb 2010
Credit of Shares to DematFri, 05 Feb 2010
Listing DateMon, 15 Feb 2010
UPI Mandate Deadline2010-01-29
Application & Investment Details
Retail — Min (1 Lots)₹5,775 — 35 shares
Retail — Max (13 Lots)₹84,175 (13 Lots)
HNI — Min (174 Lots)₹10,04,850 — 6,090 shares
Pre-IPO Promoter Holding7,92,16,050 shares
Post-IPO Promoter Holding9,00,16,050 shares
About Vascon Engineers Ltd.

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.

Objects of the Issue

Vascon Engineers Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Construction of our EPC contracts and real estate development project
1,36.500
2
2 Repayment of debt
41.168
3
3 General corporate purposes
10.347
Shareholding & Lock-in
Pre-IPO Promoter Holding 7,92,16,050 shares
Post-IPO Promoter Holding 9,00,16,050 shares
Check AllotmentCheck Status →
Vascon Engineers Ltd. — Live Price LIVE
₹185.00
INR · BSE
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Issue ₹185.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹185
GMPNIL
Est. Listing₹185
Lot Size35 shares
Min Amount₹12,950
Listing Date15 Feb 2010
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹185
Listing Date15 Feb 2010
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 10,800,000 100.00% ₹199.80 Cr
* Based on ₹185.00 (upper price band)
Lot Size & Investment Details
Lot Size
35
Shares
Issue Price
₹185.00
Per Share
Min Investment
₹6,475
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 35 ₹6,475
Retail (Max) 2 70 ₹12,950
sNII (Min) 31 1,085 ₹200,725
bNII (Min) 155 5,425 ₹1,003,625
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31-Mar-0931-Mar-0831-Mar-07
Revenue from Operations 524.75 620.53 399.24
EBITDA N/A N/A N/A
Profit After Tax (PAT) 19.26 59.50 46.62
Net Worth N/A N/A N/A
Total Assets N/A N/A N/A
Reserves & Surplus N/A N/A N/A
Total Borrowings N/A N/A N/A
Key Ratios & Valuation
Issue Price ₹185
Face Value ₹10 Per Share
P/BV N/A
RoE 6.9%
RoCE N/A
RoNW 7.85%
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Vascon Engineers Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
15/16, Hazari Baug, L.B.S. Marg, Vikhroli (W), Mumbai 400 083, Maharashtra, India Mumbai, Maharashtra
Book Running Lead Managers
Axis Capital Ltd.
Book Running Lead Manager (BRLM)
Kotak Mahindra Capital Co.Ltd.
Book Running Lead Manager (BRLM)