Vaswani Industries IPO of 1 Crore shares opens for subscription

By siliconindia   |   Friday, April 29, 2011
Print Print Email Email
Bangalore: The initial public offer of Sponge iron manufacturer Vaswani Industries opened for subscription today. The company has set a price band of Rs. 45 to Rs. 49 per share for its IPO of 1 crore shares. The issue constitutes 42.57 percent of the company's post-issue paid-up capital, and will close on May 3. The issue proceeds would be utilized for pre-payment of term loan, long term working requirements, general corporate purposes and meeting the issue expenses. Promoted by Ravi Vaswani, Pramod Vaswani and Yashwant Vaswani, Vaswani Industries is engaged in integrated business of manufacturing sponge iron, steel billets & ingots and power generation. Ashika Capital Limited is the book running lead manager to the issue.
Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..