Vaswani Industries IPO to hit markets on April 29, 2011

The Initial Public Offering (IPO) of Vaswani Industries Limited will open for subscription by investors on April 29, 2011. The company is coming out with Public Issue of 1,00,00,000 Equity Shares Of Rs 10/- Each for cash through 100% book building process. The price band will be announced at least 2 days prior to the issue opening date.

The Minimum Order Quantity is 120 Equity Shares and in multiples of 120 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency ICRA has assigned IPO Grading of IPO GRADE 2.

Ashika Capital Limited is the Book Running Lead Manager and Syndicate Member to the IPO. Link Intime India Pvt Ltd is the registrar to the company.

The IPO closes for subscription on May 03, 2011.

Source : Equity Bulls

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