Vaksons Automobiles Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,136,000 (47%) | — | ₹295 Cr |
| Retail | — | 1,136,000 (47%) | — | ₹295 Cr |
| Market Maker | — | 128,000 (5%) | — | ₹3 Cr |
| Σ Total | — | 2,400,000 (100%) | — | ₹6,240 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹104,000 |
| Retail (Max) | 13 | 52,000 | ₹1,352,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,456,000 |
| B-HNI (Min) | 67 | 268,000 | ₹6,968,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Finance the setting up of Vehicle Service Centre at Sonepat, Haryana – 0.51
- 2 Meet Long Term Working Capital Requirements of the company – 3.01
- 3 Invest in the subsidiary company –Vaksons Metaplast Pvt. Ltd – 1.83
- 4 Land Registration – 0.35
Company Overview
Vaksons Automobiles is an authorised dealer for Force Motors Ltd. The Company sells and services Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), and Small Commercial Vehicles (SCV Vehicles).
Vaksons Automobiles has 3 showrooms of Force Motors at Sonepat, Panipat and Gohana within the state of Haryana. Company also has in-house service centre at Sonepat for the servicing and other after-sales needs.
Apart from the vehicle dealership business, Vaksons Automobiles have also been involved in trading of vehicle spare parts and utilities of branded as well as generic products forming part of the auto value chain.
Vaksons Automobiles have recently incorporated a subsidiary company in the name and style of 'Vaksons Metaplast Pvt. Ltd.' in order to undertake trading in auto parts, HDPE and LDPE polymer, aluminium scrap, and other metal and plastic items on a larger scale.