IPO
IPO Synopsis Vans Electroengineerings Ltd
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  
Projects
 To Meet Working Capital Requirements of the Company  General Corporate Purpose
Promoted By
 Balakrishnan Srinivasan
 Abhishek Saraff
Listing At
 BSE - SME
Registrar to the Issue
 Bigshare Services Pvt Ltd
 
Online Trading
Client Login
Open Account
Become Our Partner
Online Payment