Bookbuilding IPO | ₹26 Cr | Listed at BSE | Mon, May 30, 2011 - Thu, Jun 2, 2011
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 per share. The lot size for an application is 160. The minimum amount of investment required by an retail is ₹6,400 (160 shares) (based on upper price). 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 Open
Mon, May 30, 2011
IPO Close
Thu, Jun 2, 2011
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹65.89 Cr
| IPO Date | 30 May to 2 Jun, 2011 |
| Listed on | Tue, Jun 14, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 160 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 64,38,227 shares (agg. up to ₹26 Cr) |
| Fresh Issue | 64,38,227 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,00,35,164 shares |
| Share Holding Post Issue | 1,64,72,664 shares |
| BSE Script Code | 533427 |
| ISIN | INE932K01015 |
VMS Industries IPO comprises a total issue size of 64,37,500 shares. Out of which, 32,18,750 (50.00%) are allocated to QIB, 9,65,625 (15.00%) allocated to NII 22,53,125 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 160 shares and in multiples thereof.
| 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 |
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.
| 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 | 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 |
| KPI | |
|---|---|
| RoNW | 12.81% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 92.93% | 56.61% |
| Market Cap | ₹65.89 Cr. |
The VMS Industries IPO is subscribed 1.36 times on June 2, 2011 5:30:00 PM (Day 4). The public issue subscribed 3.41 times in the retail category, 0 times in the QIB category, and 1.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0 | 35,76,389 | |
| NII | 1.11 | 10,72,917 | |
| Retail | 3.41 | 25,03,472 | |
| Total | 1.36 | 71,52,778 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM Fees, Underwriting & Brokerage | 0.78 |
| 2 | Printing & Distribution of Stationary | 0.21 |
| 3 | Advertisement and Marketing Expenses | 0.19 |
| 4 | SCSB Processing Fees for processing ASBA Forms procured by Syndicate ASBA and submitted to SCSB | 0.03 |
| 5 | Miscellaneous Expenses (Registrars Fees, Legal Advisor’s Fees, Auditors Fees, SEBI Fees, Listing Fees, etc.) | 0.64 |
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹43.95 |
| Low | ₹24.00 |
| High | ₹49.25 |
| Last Trade | ₹28.50 |
Lead Manager Reports
VMS Industries IPO is a main-board IPO of 64,38,227 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 160.
The IPO opens on Mon, May 30, 2011, and closes on Thu, Jun 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 Mon, May 30, 2011 and closes on Thu, Jun 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 Tue, Jun 14, 2011.
