Incorporated in 1998, VKS Projects Ltd is a Navi Mumbai based Engineering Procurement and Construction Company (EPC Contractor) engaged in the business of undertaking EPC Contracts of CS/SS/Alloy Steel Turnkey Piping, Civil Land Development, Industrial / Commercial Infra Projects, Structural Fabrication and Erection of Equipments, Fire Fighting Projects and Commissioning of Chemical Plants for various industries including but not limited to Chemicals, Oil and Gas (on-shore and offshore), Refinery, Petrochemicals, Dyestuff, Pharma & Bulk Drugs, Metallurgy, Power and Textiles.
Company area of expertise are Fabrication & Erection of Key Industry Equipments/Plants including Reaction Vessels, Auto Claves, Vacuum Tray Driers, Storage Tanks, Chilling Plants, Hydrogenerators, Fire Fighting Units, Heat Exchangers/Condensers, Rotary Vacuum Tray Driers, Centrifuges, WHR boilers, Crystallizers, Scrubbers, Distillation Units, and Flakers etc.
The company is promoted by Dr. V.K. Sukumaran & Dr. Saritha Sukumaran.
|Particulars||For the year/period ended (in Rs. Lacs))|
|Profit After Tax (PAT)||315.97||200.44||19.37|
The objects of the issue are:
1. To meet long-term working capital requirements.
2. To finance the procurement of Construction Equipment and Key Machineries.
3. To finance the setting up of Engineering Design Studio/Office and Training Centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad.
4. For General Corporate Purposes; and
5. To Meet Issue Expenses
»» Issue Open: Jun 29, 2012 - Jul 4, 2012
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 10,000,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 55.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 55 - Rs. 60 Per Equity Share
»» Market Lot: 100 Shares
»» Minimum Order Quantity: 100 Shares
»» Listing At: BSE, NSE
CRISIL has assigned an IPO Grade 1 to VKS Projects IPO. This means as per CRISIL, company has 'Poor Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||5,000,000||1,500,000||3,500,000||10,000,000|
|Day 1 - Jun 29, 2012 17:00 IST||1.0000||0.0000||0.0000||0.5000|
|Day 2 - Jul 2, 2012 17:00 IST||1.0000||0.0000||0.0000||0.5000|
|Day 3 - Jul 3, 2012 17:00 IST||1.1500||0.3300||0.1000||0.6600|
|Day 4 - Jul 4, 2012 17:00 IST||1.1500||0.3800||1.1300||1.0300|
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