The state-run Engineers India Limited (EIL) is coming up with an Initial Public Offer of 3,36,93,660 Equity Shares, each having a Face Value of Rs.5/- each, which would open for subscription from Tuesday, July 27, 2010

Engineers India Limited (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India. In addition to Petroleum Refineries, with which EIL started initially, over the years it has diversified in various other fields

Check back regularly for the latest updates on Engineers India Limited IPO!

The Retail Category has been over-subscribed to the extent of 0.48 times and hence allotment was done on full and firm basis to all valid applicants. Overall 7,695 applications for 1,542,450 Equity Shares were found valid and they were considered for allotment. The above includes 1,046 valid applications for 177,890 equity shares made under the ASBA process. The total number of shares allotted in Retail Individual Investor category is 1,542,450 Equity Shares to 7,695 applicants. Under-subscription in the Retail Portion of 1,682.808 shares has been added to the Qualified Institutional and Non Institutional Category in the ratio of the over subscription in these categories which is 24:76

ISIN: INE893I01013
IPO Listing Date: Monday, February 15, 2010
BSE Script Code: 533156
NSE Symbol: VASCON
Listing in: 'B' Group of Securities
Issue Price: Rs.165/- per equity share (Face Value: Rs.10/- each)

Listing Price and Info (on Monday, February 15, 2010):

On the BSE			On the NSE
Open:	170.00		Open:	156.00
High:	173.45		High:	171.95
Low:	144.00		Low:	145.10
Close:	147.20		Close:	146.45

Vascon Engineers IPO Allotment Status Link will be updated here as soon as the Allotment Status is made available online. Check back this post regularly for latest updates on Vascon Engineers IPO Allotment Status

The Equity Shares of Vascon Engineers Ltd. will be listed on the BSE and NSE with effect from Monday, February 15, 2010. Click here for Vascon Engineers IPO Listing Details

ISIN: INE893I01013
IPO Listing Date: Monday, February 15, 2010
BSE Script Code: 533156
NSE Symbol: VASCON
Listing in: 'B' Group of Securities
Issue Price: Rs.165/- per equity share

The Issue Price for the Vascon Engineers IPO, which was open for subscription between Wednesday, January 27, 2010 and Friday, January 29, 2010, has been fixed. The Issue price is fixed at the lower end of the price band, i.e. at Rs.165/- per equity share (Price Band was Rs.165/- to Rs.185/- per equity share)

Vascon Engineers Ltd. IPO, was subscribed 1.22 times on an overall basis with the retail category getting subscribed 0.62 times

Check back Indian IPO Blog for Allotment Status and more on Vascon Engineers Ltd. IPO!

Vascon Engineers Ltd. IPO, which closed for subscription today, i.e. Friday, January 29, 2010, has been subscribed 1.22 times on an overall basis with the retail category getting subscribed 0.62 times. The category-wise subscription status is given below:

Vascon Engineers IPO Subscription Status (Final) as on Friday, January 29, 2010 1700 hrs IST:
QIB: 1.12 times
Non-Institutional Investors: 3.65 times
Retail: 0.62 times
Overall: 1.22 times

QIB: 0.93 times
Non-Institutional Investors: 0.38 times
Retail: 0.12 times
Employees: 0.19 times
Overall: 0.62 times

QIB: 0.35 times
Non-Institutional Investors: 0.02 times
Retail: 0.08 times
Employees: 0.10 times
Overall: 0.23 times

Credit Rating Agency CRISIL has assigned an IPO Grade 3 to Vascon Engineering IPO An IPO Grade 3 implies that as per CRISIL, Company has 'Average Fundamentals'

CRISIL assigns IPO gradings on a scale of IPO Grade 5 to 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals.

Vascon Enginerrs Limited IPO is open for subscription till Friday, January 29, 2010

Vascon Engineers Ltd., Syncom Healthcare Ltd., and Thangamayil Jewellery Ltd., are coming up with IPOs which open for subscription from today, i.e. Wednesday, January 27, 2010. A brief summary of the three companies and details of IPOs are given below:

(1) Vascon Engineers Ltd.
Vascon Engineers Limited is in the business of engineering, procurement and construction services and real estate development with operations in a number of states and union territories in India. Vascon Enginerrs Limited IPO is open for subscription between Wednesday, January 27, 2010 and Friday, January 29, 2010


(Click here for more on Vascon Engineers Ltd. IPO)




(2) Syncom Healthcare Ltd.
Syncom Healthcare Ltd., a pharmaceutical company engaged in the business of manufacturing, marketing & trading of pharmaceuticals formulations under its own brands of Ethical, OTC, Generic and Herbal market segment, is entering the capital markets with an 100% Book-Built Issue IPO of 7,500,000 Equity Shares, having a Face Value of Rs.10/- each. The IPO would remain open for subscription till Friday, January 29, 2010

(Click here for more on Syncom Healthcare IPO)


(3) Thangamayil Jewellery Ltd. (TJL)
Thangamayil Jewellery Ltd. (TJL) is one of the leading jewellery retailers in Madurai and trades in Gold Jewellery, Diamond and Platinum jewels. The IPO would remain open for subscription till Friday, January 29, 2010



(Click here for more on Thangamayil Jewellery IPO)

The price band for the upcoming IPO of Vascon Engineers Ltd. is fixed at Rs.165/- to Rs.185/- per equity share. The bid lot for the IPO is 35 equity shares and in multiples thereof
 
Vascon Engineers Limited is in the business of engineering, procurement and construction services and real estate development with operations in a number of states and union territories in India.
Vascon Enginerrs Limited IPO is open for subscription between Wednesday, January 27, 2010 and Friday, January 29, 2010

The Objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital for the following purposes:

1. Construction of EPC contracts and real estate development projects;
2. Repayment of debt;
3. General corporate purposes

Vascon Engineers, an engineering, procurement and construction (EPC) services and real estate development company, is coming up with an IPO of 10,800,000 Equity Shares having a Face Value of Rs.10/- each, which opens for subscription from Thursday, January 27, 2010

Click here to download the Draft Red Herring Prospectus (with SEBI) of  Vascon Engineers Ltd. IPO

Vascon Engineers, an engineering, procurement and construction (EPC) services and real estate development company, is coming up with an IPO of 10,800,000 Equity Shares having a Face Value of Rs.10/- each, which opens for subscription from Thursday, January 27, 2010

The book running lead managers to the issue are Kotak Mahindra Capital Company Limited and Enam Securities Pvt. Ltd.

Stay tuned for more info on Vascon Engineers IPO!