Chhattisgarh based Vaswani Industries has informed the share market (BSE/NSE) that they have planning to enter capital markets with its initial public offering (IPO) of 10,000,000 equity shares of Rs 10 each for cash constituting Rs 49.00 crore. The company had filed a Draft Red Herring Prospectus (DRHP) on 23rd Sep 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process.Vaswani Industries Limited is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation. VIL is a part of Vaswani Group of Industries.
The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
DRHP (Draft Prospectus) filed by Innoventive Industries Limited with SEBI can be seen HERE.
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