VMS Industries Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 14th Jun 2011. The IPO was open between 30th May 2011 to 2nd Jun 2011. The price band was Rs 36 to Rs 40 and the Issue Price was fixed at the upper level of the price band, Rs 40 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 25.75 Crore. 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.
IPO Listing Detail :-
Listing Date: 14th Jun 2011
BSE Scrip Code : 533427
NSE Symbol : VMS
Listing In : ‘B’ Group of Securities
ISIN : INE932K01015
Issue Price : Rs. 40.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized for purchase of machineries to be installed at existing Ship Recycling Plot, setting up of corporate office at Ahmedabad, meeting long-term working capital requirement and meeting the IPO expenses.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Sole Book running lead manager (BRLM) to the issue is Ashika Capital Limited.
Registrar of the Issue : Cameo Corporate Services Limited
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