The IPO of Vaswani Industries Limited has fully subscribed on the 2nd day and subscription figure reached to 1.26 times on an overall basis. Vaswani Industries IPO is open on 29th Apr 2011 and will get closed on 3rd May 2011 for subscription. The IPO has managed to get a good response from Non Institutional Investors Category where it overbid by 7.41 times on the 2nd day of subscription. The price band for the issue is Rs 45 at lower level and Rs 49 at upper level. 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 category-wise subscription status of IPO on closing of 2nd day is given below:-
Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 7.41 times
Retail Individual Investors : 0.43 times
Overall : 1.26 times
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead managers (BRLM) to the issue is Ashika Capital Limited
Registrar of the Issue : Link Intime (India) Private Limited
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