Vaswani Industries IPO NOTICE TO INVESTORS

Upholding a Sebi order in connection with alleged irregularities in Vaswani Industries IPO, the Securities Appellate Tribunal (SAT) has directed the company to give withdrawal option to retail investors.

This Notice is being given pursuant to the Order of Securities Appellate Tribunal SAT Order dated August 25, 2011 in terms of which the Issuer has been directed to give withdrawal option only to Retail Individual
Investors (‘RIIs’) who have been allotted shares in Retail Individual Investors’ category for such number of shares by which the allotment ratio was impacted due to exceptionally abnormal withdrawals in the Non-Institutional
Category (NII) category.

The Issue had opened for subscription on April 29, 2011 and closed on May 03, 2011. The Issue received as per the bid data 7,543 applications for 41,854,920 Equity Shares resulting in 4.18 times subscription.

Read Full Notice Here

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