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Vaswani Industries IPO IPO

Mainline29 Apr to 3 May, 201129 Apr to 3 May, 2011
Open
29 Apr to 3 May, 2011
Close
29 Apr to 3 May, 2011
3
Allotment
Listing
Tue, Sep 20, 2011
Price Band
₹45 to ₹49
Issue Size
1,00,00,000 shares (agg. up to ₹49 Cr)
Lot Size
120 Shares
Listing Date
Tue, Sep 20, 2011
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Live Subscription

CategorySubscription (times)
Total1.45x

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Pre-payment of the Term Loan25.19
2Long Term Working Capital Requirements19.14
3General Corporate Purposes2.70

About Vaswani Industries IPO

Incorporated in 2003, Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.Company has manufacturing facilities in an industrial area at Sondra Village, near to Raipur train station. Presently VIL manufactures Coal-based Sponge Iron using 3 indigenously developed rotary kilns, with a capacity of 90000 M.T. (3 X 100 MT) along with a Waste Heat Recovery Boiler (WHRB) with a generation capacity of 11.5 MW Power & a Steel Ingot/Billet Plant of capacity 59400 MT. (2 X 9 MT).In past, Company has Installed 3 Induction Furnaces with a capacity of 36000 MT for manufacturing of Steel Billets & Ingots utilising in-house production of Sponge Iron. (In year 2007 / 08).Company has also installed power generation of 7.5 MW, 5 MW from Waste Heat Recovery Boiler (WHRB) and 2.5 MW from Coal) for captive consumption. Company sells its surplus power generated to private power companies.+ Read More

Contact Details

Vaswani Industries Ltd. AddressMIG-4, Indrawati ColonyRaipur, Chhattisgarh, 492001+91 0771 4226000ipo@vaswaniindustries.comVisit Website