VMS Industries IPO (initial public offering) : Settled at 29.91% discount on debut

by khalid on 15/06/2011 · 0 comments

VMS Industries Limited’s shares got debuted at Rs 43.95, a 9.94% premium over its initial public offering (IPO) price of Rs 40.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 28.25 which is a discount of 29.91% over the issue price of Rs 40.00. The stock hit a high of Rs 49.25 and a low of Rs 24.00 on the listing day. A total of 38,524,623 shares changed hands on the BSE. VMS Industries Limited is in the business of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off-shore activities.

Listing day Summary :-
Listing Date: 14th Jun 2011
BSE Scrip Code : 533427
Listing In : ‘B’ Group of Securities
ISIN : INE932K01015
Issue Price : Rs. 40.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 234.00
Open : 43.95
High : 49.25
Low : 24.00
Close : 28.25
Last Trade : 28.25

VMS Industries Limited has raised Rs 25.75 crore through an initial public offering of 6,437,500 equity shares.

Stay tuned to BelltheBull Blog for more news on VMS Industries IPO !

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