Registered Office:
Plot 17 SIDCO Womens,Industrial Estae Karuppur,
Salem -
636011,
Tamil Nadu, India.
Phone : +91 9677114470 / +91 522 4558905 Fax:
Email : cs@vanselectroengineerings.com
Website : www.vanselectroengineerings.com
|
| Initial public issue of 28,80,000 equity shares of face value of (Rs) 10/- each (the "Equity Shares") of Vans Electroengineerings Limited ("the Company" or "the Issuer") at an issue price of (Rs) 118 per equity share (including share premium of (Rs) 108 per equity share) for cash, aggregating to (Rs) 33.98 Crores ("Public Issue") comprising of a fresh issue of 28,80,000 equity shares aggregating to (Rs) 33.98 Crores (the "Fresh Issue") out of which 1,46,400 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 118 per equity share for cash, aggregating (Rs) 1.73 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion") and 48,000 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 118 per equity share for cash, aggregating to (Rs) 0.57 Crores will be reserved for subscription by the eligible employees (the "Employee Reservation Portion"). The public issue less market maker reservation portion and employee reservation portion i.e. Issue of 26,85,600 equity shares of face value of (Rs) 10/- each, at an issue price of (Rs) 118 per equity share for cash, aggregating to (Rs) 31.69 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.47% and 24.68% respectively of the post- issue paid-up equity share capital of the company.
Price Band: (Rs) 118 per equity share of face value (Rs) 10/- each.
The floor price is ((Rs)118) 11.8 times of the face value of the equity shares.
Bids can be made for a minimum of 2400 equity shares and in multiples of 1200 equity shares thereafter. |
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 29-Sep-26 |
01-Oct-26 |
118.00-0.00 |
0.00-0.00 |
|
|
Minimum Application for shares in Nos :
2400
Further Multiples of :
1200
|
|
| |
(Rs.Cr) |
Lead Managers to the Issue |
| Project Cost |
28.54 |
HEM Securities Limited
|
| Project Financed through Current Offer |
33.98 |
|
| Post Issue Equity Share Capital |
10.88 |
|
| Issue Price |
118.00 |
|
|