The book-built issue of Rs 25.75 crore is the VMS Industries IPO. The bidding for the VMS Industries IPO began on May 30, 2011, and it concluded on June 2, 2011. The shares were listed on June 14, 2011, on the BSE. The price range for VMS Industries’ IPO is ₹36 to ₹40 per share. A minimum of 160 shares is required for an application lot size. Retail investors are required to invest a minimum of ₹6,400.
VMS Industries Ltd was founded in 1991 and first engaged in the provision of various financial and consulting services. Subsequently, the company expanded its operations to include ship recycling and offshore operations.
VMS Industries has an integrated yard for ship recycling 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
Objects of the Issue (VMS Industries IPO Objectives)
The object of the issue is to:
- Purchase of machines to be installed at existing Ship Recycling Plot;
- Setting up a Corporate Office at Ahmedabad;
- Meeting Long-term Working Capital requirements
- Meeting the Issue Expenses
VMS Industries IPO Details
| 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 |
VMS Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 160 | ₹6,400 |
| Retail (Max) | 31 | 4960 | ₹198,400 |
VMS Industries IPO Reservation
| 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%) |
VMS Industries IPO Listing Details
| Listing Date | June 14, 2011 |
| BSE Script Code | 533427 |
| NSE Symbol | |
| ISIN | INE932K01015 |
| Final Issue Price | ₹40 per share |
VMS Industries Listing Day Trading Information
| Price Details | BSE |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹43.95 |
| Low | ₹24.00 |
| High | ₹49.25 |
| Last Trade | ₹28.50 |
VMS Industries Ltd Contact Details
VMS Industries Ltd
2nd Floor Jain House,
Opp. Vitthalwadi,
Bhavnagar, 364003, Gujarat, India
Phone: 91-278-2432371
Email: [email protected]
Website: http://www.vmsil.com
VMS Industries IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com
VMS Industries IPO FAQs
Q1. What is the VMS Industries IPO?
Ans. VMS Industries IPO is a main-board IPO of 6,437,500 equity shares with a face value of ₹10, aggregating up to ₹25.75 crore. 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.
Q2. When will VMS Industries IPO open?
Ans. The VMS Industries IPO opens on May 30, 2011 and closes on June 2, 2011.
Q3. What is the lot size of the VMS Industries IPO?
Ans. VMS Industries IPO lot size is 160 shares, and the minimum amount required is ₹6,400.
Q4. When is the VMS Industries IPO listing date?
Ans. The VMS Industries IPO listing date is on June 14, 2011.
