According the the notice on the BSE website, in compliance with the order of Honorable Securities Appellate Tribunal (SAT) dated August 25, 2011, the equity shares of Vaswani Industries Limited, allotted pursuant to IPO and as per the details given below, shall be listed on the Exchange with effect from September 20, 2011.

SEBI has withheld the listing of Vaswani Industries Limited due to complaints over irregularities related to allotment of shares post its Initial Public Offering (IPO)

Vaswani Industries Limited IPO, which closed for subscription on Tuesday, May 03, 2011, had received subscription of 4.16 times on an overall basis. The IPO, which consisted of 1,00,00,000 Equity Shares of Rs.10/- each, had opened for subscription from Friday, April 29, 2011.

Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets and Ingots and power generation

Vaswani Industries Limited IPO, which closed for subscription today on Tuesday, May 03, 2011, has received a decent response with the IPO getting overbid 4.16 times on an overall basis. The IPO, which consisted of 1,00,00,000 Equity Shares of Rs.10/- each, had opened for subscription from Friday, April 29, 2011

A look at the category-wise subscription is quite noteworthy. The subscription from the Retail Category has blossomed on the closing day of the IPO with the IPO getting subscribed around 6.82 times as compared to only 0.43 times till Day 2 of the IPO, i.e. till Monday, May 02, 2011. On the other hand, the QIB Investors have largely remain averse with only 16 percent subscription in the QIB Category

Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets and Ingots and power generation

QIB: 0.00 times
Non-Institutional Investors: 7.41 times
Retail: 0.43 times
Overall: 1.26 times

Vaswani Industries Limited IPO has been bid 0.95 times on an overall basis on Friday, April 29, 2011, when the IPO opened for subscription.

The IPO has received quite an extra-ordinary amount of subscription from the HNI category, especially considering the weak response from other categories and also taking into account the fact that it was only the first day of the IPO. The HNI category received bids for 91,22,160 Equity Shares as against 15,00,000 reserved for the category, thus making the category overbid by 6.08 times

Although the Retail Category has received about 10% subscription till now, there has not been any bids in the QIB category on the opening day. The IPO would close for subscription for all categories on May 3, 2011

Stay tuned for the latest updates on Vaswani Industries Limited IPO!

Vaswani Industries IPO Price Band has been set at Rs.45/- to Rs.49/- per equity share. Correspondingly, the bid lot for the IPO will be 120 Equity Shares and in multiples thereof. The IPO consists of 10,000,000 Equity Shares of Rs.10/- each

Vaswani Industries Limited is part of Vaswani Group of Industries, and is engaged in integrated business of manufacturing Sponge Iron, Steel Billets and Ingots and power generation

Stay tuned for the latest updates on Vaswani Industries IPO!

Vaswani Industries Limited, a part of Vaswani Group of Industries and engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation, is coming up with an IPO 10,000,000 Equity Shares having a Face Value of Rs.10/- each

Vaswani Industries Limited would open for subscription from Friday, April 29, 2011 and would remain open till Tuesday, May 03, 2011. The issue will constitute 42.57% of the company's post-issue paid-up capital

Check back Indian IPO Blog for the latest updates on Vaswani Industries Limited IPO!