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VMS Industries IPO is a book built issue of Rs 25.75 crores.
VMS Industries IPO bidding started from May 30, 2011 and ended on June 2, 2011. The shares got listed on BSE on June 14, 2011.
VMS Industries IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 160 Shares. The minimum amount of investment required by retail investors is ₹6,400.
Ashika Capital Ltd is the book running lead manager of the VMS Industries IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to VMS Industries IPO RHP for detailed information.
| IPO Date | May 30, 2011 to June 2, 2011 |
| Listing Date | June 14, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 per share |
| Lot Size | 160 Shares |
| Total Issue Size | 6,437,500 shares (aggregating up to ₹25.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 10,035,164 |
| Share holding post issue | 16,472,664 |
VMS Industries IPO offers 7,152,778 shares. 3,576,389 (50.00%) to QIB, 1,072,917 (15.00%) to NII, 2,503,472 (35.00%) to RII. 15,646 RIIs will receive minimum 160 shares and (sNII) and (bNII) will receive minimum 5,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 3,576,389 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,072,917 (15.00%) | |
| Retail Shares Offered | 2,503,472 (35.00%) | 15,646 |
| Total Shares Offered | 7,152,778 (100%) |
Investors can bid for a minimum of 160 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 | 160 | ₹6,400 |
| Retail (Max) | 31 | 4960 | ₹198,400 |
| Lot Size Calculator | |||
The promoters of the company are:
1. Mr. Ajit Kumar Jain, aged 76 years, is the Managing Director of the Company.
2. Mr. Manoj Kumar Jain, aged 48 years, is the Director of the Company.
3. Mrs. Sangeeta Jain, aged 42 years, is the Whole Time Director of the Company.
| Share Holding Pre Issue | 92.93% |
| Share Holding Post Issue | 56.61% |
Incorporated in 1991, VMS Industries Ltd on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off-shore activities.
VMS Industries has an integrated yard for ship recycling of ships and offshore business support activities, catering to customers in India and overseas. Currently the company mainly consists of two business segments:
1. Ship Recycling Activities;
2. Offshore Support Business Activities.
| Particulars | For the year/period ended (in Rs. Lacs) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 3609.14 | 146.19 | 13.79 | 6.60 | 2.85 |
| Profit After Tax (PAT) | 260.72 | 72.44 | 3.44 | 1.58 | (0.25) |
| KPI | Values |
|---|---|
| RoNW | 12.81% |
The object of the issue are to:
1. Purchase of Machineries to be installed at existing Ship Recycling Plot;
2. Setting up of Corporate Office at Ahmedabad;
3. Meeting Long-term Working Capital Requirement;
4. Meeting the Issue Expenses.
The VMS Industries IPO is subscribed 1.36 times on June 2, 2011 5:30:00 PM. The public issue subscribed 3.41 times in the retail category, 0.00 times in the QIB category, and 1.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 1.11 |
| Retail | 3.41 |
| Total | 1.36 |
ICRA has assigned an IPO Grade 1 to VMS Industries IPO. This means as per ICRA, company has 'Poor Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read VMS Industries IPO Grading Report
| Listing Date | June 14, 2011 |
| BSE Script Code | 533427 |
| NSE Symbol | |
| ISIN | INE932K01015 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹40.00 |
| ₹43.95 |
| ₹24.00 |
| ₹49.25 |
| ₹28.50 |
VMS Industries Ltd
2nd Floor Jain House,
Opp. Vitthalwadi,
Bhavnagar - 364003, Gujarat, India
Phone: 91-278-2432371
Email: info@vmsil.com
Website: http://www.vmsil.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: vmsipo@cameoindia.com
Website: https://ipo.cameoindia.com/
VMS Industries IPO is a main-board IPO of 6,437,500 equity shares of the face value of ₹10 aggregating up to ₹25.75 Crores. The issue is priced at ₹36 to ₹40 per share. The minimum order quantity is 160 Shares.
The IPO opens on May 30, 2011, and closes on June 2, 2011.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
The VMS Industries IPO opens on May 30, 2011 and closes on June 2, 2011.
VMS Industries IPO lot size is 160 Shares, and the minimum amount required is ₹6,400.
You can apply in VMS Industries 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 VMS Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VMS Industries IPO allotment status.
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