VMS Industries IPO : Subscribed 0.37 times on Day 1

by khalid on 30/05/2011 · 0 comments

The IPO of VMS Industries Limited has received a very little response from the investors with the 1st day subscription figure reached to just 0.37 times on an overall basis. VMS Industries IPO open on 30th May 2011 and will get closed on 2nd Jun 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors (RIIs) Category where it overbid by 0.95 times on the 1st day of subscription. The price band for the issue is Rs 36 at lower level and Rs 40 at upper level. 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.

The category-wise subscription status of IPO on closing of 1st day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.21 times
Retail Individual Investors : 0.95 times
Overall : 0.37 times

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

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

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