Vaswani Industries Ltd

This is only an advertisement for the information purposes not for publication or distribution outside India or in the United States and not a prospectus announcement

Vaswani Industries Limited

(Our Company was incorporated on July 22, 2003 under the Companies Act, 1956, as amended ("Companies Act") with the Registrar of Companies, Madhya Pradesh & Chhattisgarh ("RoC") and we obtained the Certificate of Business Commencement on February 10,2004. For further details in relation to the change in our Registered Office and our corporate history, please refer to the section titled "Our History and Corporate Matters" beginning on page no 99 of the Prospectus).

Registered Office: MIG-4, Indrawati Colony, Raipur-492 001, Chhattisgarh;
Tel: 91-0771-4226000; Fax: 91- 0771 - 4226099;
E-mail: ipo@vaswaniindustries.com;   Website: www.vaswaniindustries.com;
Company Secretary & Compliance Officer: Ms. Rachana Hingar;
E-mail: complianceofficer@vaswaniindustries.com

THE PROMOTERS OF OUR COMPANY MR. RAVI VASWANI, MR. PRAMOD VASWANI AND MR. YASHWANT VASWANI

This Issue is being made through the 100% Book Building Process wherein up to 50% of the Issue has been allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% was made available for allocation on a proportionate basis to Mutual Funds. The balance was made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue was made available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.

The Issue opened for subscription on April 29, 2011 and closed on May 3, 2011. The Issue received 4,042 applications for 14,463,960 Equity Shares resulting in 1.4464 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor are as under: (Before technical rejections)

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on May 10,2011.

A. Allocation to Retail Individual Investors (After Technical Rejections)

The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 49/- per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 1.3506 times. The total number of shares allotted in Retail Individual Investor category is 7,940,320 Equity Shares to 3,551 successful applicants. As per the Red Herring Prospectus, the spill over portion from Non Institutional Category (240,360 Equity Shares) and QIB Category (4,199,960 Equity Shares) were allotted on proportionate basis. The category-wise details of the Basis of Allocation (sample) are as under:

B. Allocation to Non Institutional Investors (After Technical Rejections)

The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 49/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.8398 times. The total number of Equity Shares allotted in this category is 1,259,640 Equity Shares to 8 successful applicants. The category-wise details of the Basis of Allocation are as under:

C. Allocation to QIBs

Allocation to QIBs has been done on a proportionate basis in consultation with BSE. Mutual Funds were to be initially allotted 5% quantum of Equity Shares i.e.: 2,50,000 Equity Shares. However there were no application from Mutual Funds. The category was subscribed to the extent 0.16 times and total numbers of successful applicants were 1. The under subscribed portion of 4,199,960 Equity Shares have been spilled over to Retail Category. All the investors in this category received firm and full allotment.

The Board Meeting held on May 10,2011 has approved the Basis of Allocation of Equity Shares of the issue and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories on May 12,2011 and the instructions to Self Certified Syndicated Banks ("SCSBs") have been dispatched on May 12,2011. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

The Company is taking steps to get the equity shares admitted to trading on BSE and NSE on or before May 17, 2011.

All future correspondence in this regard may kindly be addressed to the Registrars to the offer quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

Link Intime India Private Limited
C-13, Panaalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel: +91 22 2596 0320; Fax: +91 22 2596 0329; Email ID: vil.ipo@linkintime.co.in

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE 1 EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF VASWANI INDUSTRIES LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus