IPO ALERT

Vaswani Industries Limited
Price Band: Rs 45 to Rs 49
Issue Opens on: April 29, 2011 | Issue Closes on: May 3, 2011

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IPO  - ISSUE DETAILS Issue Opens: April 29, 2011 Issue Closes: May 3, 2011 Lot Size: 120 Shares & in multiples of 120 shares thereafter Price Band: Rs.45 - Rs.49 Issue size: Rs 49 crore

Issue Highlights (Source: BRLM/RHP)

Vaswani Industries Ltd (VIL) is part of Vaswani Group of Industries. VIL is engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ingots and power generation.


The issue proceeds would be utilized for pre-payment of term loan, long term working requirements, general corporate purposes and meeting the issue expenses.