IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size24,00,000 shares (aggregating up to ₹6.24 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 28 Sep 2015
Subscription CloseThu, 01 Oct 2015
Anchor AllotmentSun, 27 Sep 2015
Basis of AllotmentWed, 07 Oct 2015
Initiation of RefundsThu, 08 Oct 2015
Credit of Shares to DematThu, 08 Oct 2015
Listing DateFri, 16 Oct 2015
UPI Mandate Deadline2015-10-01
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
Net Offer to Public22,72,000 shares (aggregating up to ₹5.91 Cr)
Reserved for Market Maker1,28,000 shares (aggregating up to ₹0.3328 Cr)
Pre-IPO Promoter Holding41,75,300 shares
Post-IPO Promoter Holding65,75,300 shares
About Vaksons Automobiles Ltd.
Vaksons Automobiles is an authorised dealer for Force Motors Ltd. The Company sells and services Light Commercial Vehicles (LCV), Multi-Utility Vehicles (MUV), and Small Commercial Vehicles (SCV Vehicles).Vaksons Automobiles has 3 showrooms of Force Motors at Sonepat, Panipat and Gohana within the state of Haryana. Company also has in-house service centre at Sonepat for the servicing and other after-sales needs.Apart from the vehicle dealership business, Vaksons Automobiles have also been involved in trading of vehicle spare parts and utilities of branded as well as generic products forming part of the auto value chain.Vaksons Automobiles have recently incorporated a subsidiary company in the name and style of 'Vaksons Metaplast Pvt. Ltd.' in order to undertake trading in auto parts, HDPE and LDPE polymer, aluminium scrap, and other metal and plastic items on a larger scale.
Objects of the Issue
Vaksons Automobiles Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Finance the setting up of Vehicle Service Centre at Sonepat, Haryana
0.51
2
2 Meet Long Term Working Capital Requirements of the company
3.01
3
3 Invest in the subsidiary company –Vaksons Metaplast Pvt. Ltd
1.83
Shareholding & Lock-in
Pre-IPO Promoter Holding
41,75,300 shares
Post-IPO Promoter Holding
65,75,300 shares