Vascon Engineers Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,420,000 (59%) | — | ₹11,877 Cr |
| NII (HNI) | — | 1,070,000 (10%) | — | ₹198 Cr |
| Retail | — | 3,210,000 (30%) | — | ₹5,939 Cr |
| Employee | — | 100,000 (1%) | — | ₹19 Cr |
| Σ Total | — | 10,800,000 (100%) | — | ₹199,800 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 | 35 | ₹6,475 |
| Retail (Max) | 13 | 455 | ₹84,175 |
| S-HNI (Min) | 14 | 490 | ₹90,650 |
| B-HNI (Min) | 67 | 2,345 | ₹433,825 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
|---|---|---|---|
| Revenue | 525 | 621 | 399 |
| Profit After Tax | 19 | 60 | 47 |
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 Construction of our EPC contracts and real estate development project – 1,36.500
- 2 Repayment of debt – 41.168
- 3 General corporate purposes – 10.347
Company Overview
Incorporated in 1986, Vascon Engineers Limited is engineering, procurement and construction services and real estate Development Company with operations in a number of states and union territories in India. Vascon have significant experience of 23 years in providing EPC services which include, constructing factories, hospitals, hospitality properties, office and residential complexes, shopping malls, multiplexes, IT parks and other buildings.
Vascon Engineers third party EPC clients include well-known Indian and multi-national companies such as Cipla Limited, Emcure Pharmaceuticals Limited, Zensar Technologies Limited, Kirloskar Brothers Limited, Symbiosis, Okasa Pharma Private Limited, PTC Software (India) Private Limited and Goa Institute of Management. They have also provided EPC services to their Subsidiaries and the Other Development Entities’ projects, such as Marigold, Marisoft Annex, Weikfield IT Citi Infopark, Vista and Zircon.
In addition to developing and providing EPC services for real estate projects, Vascon also continue to own or operate certain projects subsequent to their completion. For example, they own the Vista do Rio, Vascon own an interest in the Galaxy Resorts in Goa, the Golden Suites service apartment complex in Pune, and Marigold Premises Private Limited, which owns and operates the Mariplex mall and office complex. Additionally they are involved in developing a multi-level car parking for Delhi International Airport.