Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
VKS Projects IPO is a book built issue of Rs 55.00 crores.
VKS Projects IPO bidding started from June 29, 2012 and ended on July 4, 2012. The shares got listed on BSE, NSE on July 18, 2012.
VKS Projects IPO price band is set at ₹55 to ₹60 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,000.
Aryaman Financial Services Limited is the book running lead manager of the VKS Projects IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to VKS Projects IPO RHP for detailed information.
| IPO Date | June 29, 2012 to July 4, 2012 |
| Listing Date | July 18, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 per share |
| Lot Size | 100 Shares |
| Total Issue Size | 10,000,000 shares (aggregating up to ₹55.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 18,000,000 |
VKS Projects IPO offers 10,000,000 shares. 5,000,000 (50.00%) to QIB, 1,500,000 (15.00%) to NII, 3,500,000 (35.00%) to RII. 35,000 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,400 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,000,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,500,000 (15.00%) | |
| Retail Shares Offered | 3,500,000 (35.00%) | 35,000 |
| Total Shares Offered | 10,000,000 (100%) |
Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 33 | 3300 | ₹198,000 |
| Lot Size Calculator | |||
The company is promoted by Dr. V.K. Sukumaran & Dr. Saritha Sukumaran.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 44.44% |
Incorporated in 1998, VKS Projects Ltd is a Navi Mumbai based Engineering Procurement and Construction Company (EPC Contractor) engaged in the business of undertaking EPC Contracts of CS/SS/Alloy Steel Turnkey Piping, Civil Land Development, Industrial / Commercial Infra Projects, Structural Fabrication and Erection of Equipments, Fire Fighting Projects and Commissioning of Chemical Plants for various industries including but not limited to Chemicals, Oil and Gas (on-shore and offshore), Refinery, Petrochemicals, Dyestuff, Pharma & Bulk Drugs, Metallurgy, Power and Textiles.
Company area of expertise are Fabrication & Erection of Key Industry Equipments/Plants including Reaction Vessels, Auto Claves, Vacuum Tray Driers, Storage Tanks, Chilling Plants, Hydrogenerators, Fire Fighting Units, Heat Exchangers/Condensers, Rotary Vacuum Tray Driers, Centrifuges, WHR boilers, Crystallizers, Scrubbers, Distillation Units, and Flakers etc.
| Particulars | For the year/period ended (in Rs. Lacs)) | ||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 6025.43 | 3023.75 | 1078.81 |
| Profit After Tax (PAT) | 315.97 | 200.44 | 19.37 |
| KPI | Values |
|---|---|
| ROE | 33.6% |
| ROCE | 33.5% |
| RoNW | 24.66% |
The objects of the issue are:
1. To meet long-term working capital requirements.
2. To finance the procurement of Construction Equipment and Key Machineries.
3. To finance the setting up of Engineering Design Studio/Office and Training Centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad.
4. For General Corporate Purposes; and
5. To Meet Issue Expenses
[Dilip Davda]
On performance front, for last two fiscals the company reported Total turnover/ net profit of Rs 60.25 crore/3.16 crore (2010-11) and Rs. 30.24 crore/Rs. 2.00 crore (2009-10) respectively. For the nine months ended 31.12.2011 it has earned net profit of Rs. 5.63 crore on a turnover of Rs. 97.55 crore. In December 2010 it issued bonus shares in the ratio of 4 shares for every 1 share held. Last three fiscal's average EPS stands at Rs. 8.49 and for nine month period at Rs. 7.03 and NAV of Rs. 23.09 per share. These EPS gets diluted on enhanced equity post this issue and thus issue looks fully priced. BRLM's track record is poor. Lower IPO grading also makes it a risky bet, hence avoid.
Read detail review...The VKS Projects IPO is subscribed 1.03 times on July 4, 2012 5:00:00 PM. The public issue subscribed 1.13 times in the retail category, 1.15 times in the QIB category, and 0.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.15 |
| NII | 0.38 |
| Retail | 1.13 |
| Total | 1.03 |
CRISIL has assigned an IPO Grade 1 to VKS Projects IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| Listing Date | July 18, 2012 |
| BSE Script Code | 534567 |
| NSE Symbol | VKSPL |
| ISIN | INE213M01024 |
| Final Issue Price | ₹55 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹55.00 |
| ₹55.80 |
| ₹53.05 |
| ₹56.00 |
| ₹55.60 |
| NSE |
|---|
| ₹55.00 |
| ₹56.35 |
| ₹53.95 |
| ₹56.35 |
| ₹55.00 |
VKS Projects Ltd
507, 'B' Wing, Sai Sangam,
Sector 15, CBD Belapur (E),
Navi Mumbai – 400614
Phone: 91-22-41267000
Email: complianceofficer@vksprojects.com
Website: http://www.vksprojects.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html
VKS Projects IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹55.00 Crores. The issue is priced at ₹55 to ₹60 per share. The minimum order quantity is 100 Shares.
The IPO opens on June 29, 2012, and closes on July 4, 2012.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The VKS Projects IPO opens on June 29, 2012 and closes on July 4, 2012.
VKS Projects IPO lot size is 100 Shares, and the minimum amount required is ₹6,000.
You can apply in VKS Projects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for VKS Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VKS Projects IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
Top Contributor (500+ Posts, 200+ Likes)
