Issue Price: Rs. 36 - Rs. 40 Per Equity Share


Issue Detail:
»» Issue Open: May 30, 2011 - Jun 02, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: Equity Shares of Rs. 10
»» Issue Size: Rs. 25.75 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 160 Shares
»» Minimum Order Quantity: 160 Shares

Bid Details:
Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 3,576,389  1,072,917  2,503,472  7,152,778 
 Day 1 - May 30, 2011 17:00 IST 0.0000 0.2100 0.9500 0.3700 
 Day 2 - May 31, 2011 17:00 IST 0.0000 0.2100 1.0600 0.4000 
 Day 3 - Jun 01, 2011 17:00 IST 0.0000 0.3500 1.4300 0.5500 
 Day 4 - Jun 02, 2011 17:30 IST 0.0000 1.1100 3.4100 1.3600 


Incorporated in 1991, VMS Industries Ltd on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off-shore activities.

VMS Industries has an integrated yard for ship recycling of ships 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.

Company Financials:
ParticularsFor the year/period ended (in Rs. Lacs)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income3609.14146.1913.796.602.85
Profit After Tax (PAT)260.7272.443.441.58(0.25)


Company Promoters:
The promoters of the company are:
1. Mr. Ajit Kumar Jain, aged 76 years, is the Managing Director of the Company.
2. Mr. Manoj Kumar Jain, aged 48 years, is the Director of the Company.
3. Mrs. Sangeeta Jain, aged 42 years, is the Whole Time Director of the Company.

Objects of the Issue:
The object of the issue are to:
1. Purchase of Machineries to be installed at existing Ship Recycling Plot;
2. Setting up of Corporate Office at Ahmedabad;
3. Meeting Long-term Working Capital Requirement;
4. Meeting the Issue Expenses.