Bookbuilding IPO | ₹55 Cr | Listed at BSE, NSE | Fri, Jun 29, 2012 - Wed, Jul 4, 2012
VKS Projects IPO is a book build issue of ₹55.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹55.00 crore.
VKS Projects IPO bidding started from Jun 29, 2012 and ended on Jul 4, 2012. The shares got listed on BSE, NSE on Jul 18, 2012.
VKS Projects IPO price band is set at ₹55 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,000 (100 shares) (based on upper price). The lot size investment for sNII is 37 lots (3,700 shares), amounting to ₹2,03,500, and for bNII, it is 182 lots (18,200 shares), amounting to ₹10,01,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to VKS Projects IPO RHP for detailed Information.
IPO Open
Fri, Jun 29, 2012
IPO Close
Wed, Jul 4, 2012
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹99.00 Cr
| IPO Date | 29 Jun to 4 Jul, 2012 |
| Listed on | Wed, Jul 18, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹60 |
| Issue Price | ₹55 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹55 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹55 Cr) |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,80,00,000 shares |
| BSE Script Code / NSE Symbol | 534567 / VKSPL |
| ISIN | INE213M01024 |
VKS Projects IPO comprises a total issue size of 1,00,00,000 shares. Out of which, 50,00,000 (50.00%) are allocated to QIB, 15,00,000 (15.00%) allocated to NII 35,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 50,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 15,00,000 | 15.00% | NA |
| Retail Shares Offered | 35,00,000 | 35.00% | 35,000 |
| Total Shares Offered | 1,00,00,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹5,500 |
| Retail (Max) | 36 | 3,600 | ₹1,98,000 |
| S-HNI (Min) | 37 | 3,700 | ₹2,03,500 |
| S-HNI (Max) | 181 | 18,100 | ₹9,95,500 |
| B-HNI (Min) | 182 | 18,200 | ₹10,01,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet long – term working capital requirements | 15.00 |
| 2 | To finance the procurement of Construction Equipment and Key Machineries | 22.64 |
| 3 | To finance the setting up of Engineering Design Studio/Office and Training Centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad | 10.00 |
| 4 | For General Corporate Purposes | 4.86 |
| 5 | To meet Issue expenses | 2.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.99% | 44.44% |
| Market Cap | ₹99.00 Cr. |
The VKS Projects IPO is subscribed 1.03 times on July 4, 2012 5:00:00 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.15 | 50,00,000 | |
| NII | 0.38 | 15,00,000 | |
| Retail | 1.13 | 35,00,000 | |
| Total | 1.03 | 1,00,00,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 1.50 |
| 2 | Printing and Stationery expenses | 0.25 |
| 3 | Advertising and Marketing expense | 0.20 |
| 4 | Others (IPO grading, registrar’s fees, legal fee, listing fees etc.) | 0.55 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹55.00 | ₹55.00 |
| Open | ₹55.80 | ₹56.35 |
| Low | ₹53.05 | ₹53.95 |
| High | ₹56.00 | ₹56.35 |
| Last Trade | ₹55.60 | ₹55.00 |
Lead Manager Reports
VKS Projects IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹55 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 100.
The IPO opens on Fri, Jun 29, 2012, and closes on Wed, Jul 4, 2012.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in VKS Projects IPO using UPI as a payment gateway. Zerodha customers can apply in VKS Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VKS Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VKS Projects IPO opens on Fri, Jun 29, 2012 and closes on Wed, Jul 4, 2012.
VKS Projects IPO lot size is 100, and the minimum amount required for application is ₹5,500.
You can apply in VKS Projects IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The VKS Projects IPO listing date is on Wed, Jul 18, 2012.
