Vascon Engineers third party EPC clients include well-known Indian and multi-national companies such as Cipla Limited, Emcure Pharmaceuticals Limited, Zensar Technologies Limited, Kirloskar Brothers Limited, Symbiosis, Okasa Pharma Private Limited, PTC Software (India) Private Limited and Goa Institute of Management. They have also provided EPC services to their Subsidiaries and the Other Development Entities’ projects, such as Marigold, Marisoft Annex, Weikfield IT Citi Infopark, Vista and Zircon.
In addition to developing and providing EPC services for real estate projects, Vascon also continue to own or operate certain projects subsequent to their completion. For example, they own the Vista do Rio, Vascon own an interest in the Galaxy Resorts in Goa, the Golden Suites service apartment complex in Pune, and Marigold Premises Private Limited, which owns and operates the Mariplex mall and office complex. Additionally they are involved in developing a multi-level car parking for Delhi International Airport.
Company Promoters:
The individual promoters of the Company are:
1. R. Vasudevan;
2. Lalitha Vasudevan;
3. Thangam Moorthy; and
4. Geeta Lulla.
The corporate promoters of the Company are:
1. Vatsalya Enterprises Private Limited;
2. Premratan Exports Private Limited; and
3. Golden Temple Pharma Private Limited.
Company Financials:
Objects of the Issue:
The objects of the Issue are to raise funds for
1. Construction of EPC contracts and real estate development projects;
2. Repayment of debt;
3. General corporate purposes; and
4. Achieve the benefits of listing on the Stock Exchanges.
Issue Detail:
»» Issue Open: Jan 27, 2010 - Jan 29, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 10,800,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 178.20 - 199.80 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 165 - Rs. 185 Per Equity Share
»» Market Lot: 35 Shares
»» Minimum Order Quantity: 35 Shares
»» Listing At: BSE, NSE
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