Subject: SEBI's Order for Vaswani IPO / Readymade Steel India IPO Listing
1.SEBI has issued a press release in the matter of initial public offer of Vaswani Industries Ltd. Following are the highlights of the press release:
A. Vaswani Industries Ltd shall give withdrawal option to all the investors who have been allotted shares in the non-institutional investors category and the retail individual investors category.
B. Investors who apply in the withdrawal option shall enclose a Delivery Instruction Slip.
C. In the event of refund/withdrawal on the exercise of the withdrawal option by an investor, the Company may deduct the expenses incurred in connection with its IPO.
D. Rikhav Securities Limited is prohibited to act as a syndicate member/sub-syndicate member for all forthcoming issues.
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2. Readymade Steel India IPO shares will list on Wednesday, July 13, 2011. Issue price of this IPO has been fixed at Rs 108/- per share. IPO was oversubscribed by 1.68 times (4.18 times in retail) on closing day.
Readymade Steel India IPO Listing Date
Listing Date: Wednesday, July 13, 2011
BSE Scrip Code: 533482
Listing In: 'B' Group of Securities
Issue Price: Rs. 108.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
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