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VMS Industries IPO is a book build issue of ₹25.75 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹25.75 crore.
VMS Industries IPO bidding started from May 30, 2011 and ended on Jun 2, 2011. The shares got listed on BSE on Jun 14, 2011.
VMS Industries IPO price band is set at ₹40.00 per share . The lot size for an application is 160. The minimum amount of investment required by an retail is ₹5,760 (160 shares). The lot size investment for sNII is 32 lots (5,120 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (25,120 shares), amounting to ₹10,04,800.
Ashika Capital Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of 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 |
| Issue Price Band | ₹36 to ₹40 per share |
| Issue Price Final | ₹40 per share |
| Lot Size | 160 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,38,227 shares (aggregating up to ₹25.75 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Share Holding Pre Issue | 1,00,35,164 shares |
| Share Holding Post Issue | 1,64,72,664 shares |
VMS Industries IPO offers total 64,37,500 shares. Out of which 32,18,750 (50.00%) allocated to QIB, 9,65,625 (15.00%) allocated to NII, 22,53,125 (35.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 32,18,750 (50.00%) | NA |
| NII (HNI) Shares Offered | 9,65,625 (15.00%) | NA |
| Retail Shares Offered | 22,53,125 (35.00%) | 14,082 |
| Total Shares Offered | 64,37,500 (100.00%) |
VMS Industries IPO opens on May 30, 2011, and closes on June 2, 2011.
| IPO Open Date | Mon, May 30, 2011 |
| IPO Close Date | Thu, Jun 2, 2011 |
| Tentative Listing Date | Tue, Jun 14, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 2, 2011 |
Investors can bid for a minimum of 160 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹6,400 |
| Retail (Max) | 31 | 4,960 | ₹1,98,400 |
| S-HNI (Min) | 32 | 5,120 | ₹2,04,800 |
| S-HNI (Max) | 156 | 24,960 | ₹9,98,400 |
| B-HNI (Min) | 157 | 25,120 | ₹10,04,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company VMS Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Modernization of our Ship Recycling Plot | 5.58 |
| 2 | Setting up of Corporate Office at Ahmedabad | 1.10 |
| 3 | Long-term Working Capital Requirement | 17.40 |
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 |
| BSE Listing Group | B |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹43.95 |
| Low | ₹24.00 |
| High | ₹49.25 |
| Last Trade | ₹28.50 |
VMS Industries Ltd.
2nd Floor Jain House,
Opp. Vitthalwadi,
Bhavnagar - 364003, Gujarat, India
Bhavnagar, Gujarat
Phone: 91-278-2432371
Email: info@vmsil.com
Website: http://www.vmsil.com
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: vmsipo@cameoindia.com
Website: https://ipo.cameoindia.com/
VMS Industries IPO is a main-board IPO of 64,38,227 equity shares of the face value of ₹10 aggregating up to ₹25.75 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 160.
The IPO opens on May 30, 2011, and closes on June 2, 2011.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in VMS Industries IPO using UPI as a payment gateway. Zerodha customers can apply in VMS Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in VMS Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The VMS Industries IPO opens on May 30, 2011 and closes on June 2, 2011.
VMS Industries IPO lot size is 160, and the minimum amount required for application is ₹6,400.
You can apply in VMS Industries 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 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.
The VMS Industries IPO listing date is on Tuesday, June 14, 2011.
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