The Vms Industries Ltd date has been confirmed from May 2, 2024 – May 16, 2024. Read the post to learn about Vms Industries Ltd IPO.
The Vms Industries Ltd. IPO has a fixed issue size of ₹28.00 crore. VMS Industries Limited (VMSI), which was incorporated in December 1991, purchases and disassembles ships in addition to recycling them and exporting ship-related items. Ferrous and non-ferrous metals are also traded by VMSI. India’s Ahmedabad serves as the home base for VMSI.
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Key Details Of Vms Industries Ltd IPO:
Bidding Dates
May 2 – May 16
Issue Size
₹28.00 Crores
Face Value
₹10 per share
Record Date
April 18, 2024
Vms Industries Ltd IPO
The Vms Industries Ltd Record Date is April 18, 2024.
IPO Overview
VMS Industries Limited (VMSI), which was incorporated in December 1991, purchases and disassembles ships in addition to recycling them and exporting ship-related items.Ferrous and non-ferrous metals are also traded by VMSI.India’s Ahmedabad serves as the home base for VMSI.
VMSI’s business segments include:
- Ship recycling: VMSI breaks down old ships into their parts and recycles them. The company has an industrial plot at Alang, Bhavnagar, using technology that reduces environmental hazards.
- Trading of various metals: VMSI trades in various metals, which encompasses a dynamic market where recyclable metal materials are bought, sold, and repurposed worldwide.
- Assets Dismantling/Demolition: Asset dismantling or demolition is a complex process that deconstructs industrial facilities like manufacturing plants and warehouses. It requires specialized expertise, equipment, and adherence to safety protocols and environmental regulations.
VMSI is certified by ISO 9001:2008, ISO 14001:2004, ISO 30000-2009, and OHSAS 18001:2007 for its ship recycling and offshore business.
Vms Industries Ltd Rights Issue Detail
| Issue Open | May 2, 2024 – May 16, 2024 |
| Security Name | Vms Industries Ltd. |
| Issue Size (Shares) | 8,000,000 |
| Issue Size (Amount) | ₹28.00 Crores |
| Issue Price | ₹35 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Amount of Rights Equity Shares shall be fully paid up at the time of application. |
| Entitlement | 16 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date |
Vms Industries Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 87.56 | 133.83 |
| Revenue | 145.76 | 163.14 |
| Profit After Tax | 2.50 | 1.08 |
| Amount in ₹ Crore | ||
Vms Industries Ltd IPO Timeline
| Last Date to buy shares | April 16, 2024 |
| Record Date | April 18, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the proceeds raised through the Issue for the following purposes:
- Funding long-term working capital requirements of the Company.
- General Corporate Purpose
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Vms Industries Ltd |
| Phone number | +91-99789 41676 |
| Email ID | [email protected] |
| Website | vmsil.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Vms Industries Ltd IPO FAQs
What is the schedule for VMS Industries Rights Issue 2024?
Sorry the VMS Industries Rights Issue 2024 timelines are not available at this time.
What is the issue price for VMS Industries Rights Issue 2024?
VMS Industries Rights Issue 2024 price is set at ₹35 per share per equity share.
In what ratio is the VMS Industries Rights Issue 2024 offered?
The eligible shareholders are being offered 16 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date (April 18, 2024).
What is the record date for VMS Industries Rights Issue 2024?
The record date for the VMS Industries Rights Issue 2024 is April 18, 2024.
What is the issue size of VMS Industries Rights Issue 2024?
The issue size of VMS Industries Rights Issue 2024 is of 8,000,000 equity shares at ₹35 per share aggregating upto ₹28.00 Crores.
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