
✓
Open
29 Apr to 3 May, 2011
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Close
29 Apr to 3 May, 2011
3
Allotment
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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
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.45x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Pre-payment of the Term Loan | 25.19 |
| 2 | Long Term Working Capital Requirements | 19.14 |
| 3 | General Corporate Purposes | 2.70 |
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