VKS Projects Ltd IPO (VKS Projects IPO) Detail

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1. Monday, July 16, 2012 11:42:16 AM
   
   IPO Listing - VKS Projects Ltd
2. Monday, July 16, 2012 1:45:20 AM
   
   IPO Allotment - VKS Projects Ltd
3. Wednesday, July 04, 2012 10:55:27 AM
   
   VKS Projects IPO fully subscribed on its closing day
4. Tuesday, June 26, 2012 12:11:15 AM
   
   Upcoming IPO - VKS Projects Ltd

Listing Date:	Wednesday, July 18, 2012
BSE Scrip Code:	534567
NSE Symbol:	VKSPL
Listing In:	'T' Group of Securities
Sector:	Engineering
ISIN:	INE213M01016
Issue Price:	Rs. 55.00 Per Equity Share
Face Value:	Rs. 10.00 Per Equity Share

›  Draft Prospectus with SEBI

›  Red Herring Prospectus

›  Download IPO Application Form

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email:
Website: http://www.bigshareonline.com

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25. Venky IPO  Aug 23, 2012 2:05:41 AM IST |   Reply  |    Like  |  Report Abuse
Venky IPO's - IPO Recommendations, IPO Comments,  Public Profile

Stay away from IPO Retail investors. The markets are playground for Institutional sharks and retail investors stand to gain little unless there is a sustained bull run. This being the case for established stocks, the unknown IPOs become even riskier bets. Gone are the good old days when IPOs were priced at face value or conservatively thus providing handsome returns. Nowadays every IPO is overpriced be it Govt PSUs or Top honchos like Ambanis or the B/C grade company - everyone are out to make a quick buck in the IPO market. There used to be very lively discussions on IPOs in the good old days but most of those users have quit posting comments due to this very reason. You might still make money in 1 or 2% of the stocks, but that still makes the IPO market a riskier investment than Casinos and Gambling!!! Remember its your hard earned money going down the drain only to benefit a greedy promoter. SEBI can only mimic Poodle singh and watch the show rather than take affirmative action.

 

24. marketrider  Jul 16, 2012 12:32:23 PM IST |   Reply  |    Like  |  Report Abuse
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Operator may take positions in this ipo. Beware !

 

23. A LA  Jul 14, 2012 1:17:11 PM IST |   Reply  |    Like  |  Report Abuse
A LA's - IPO Recommendations, IPO Comments,  Public Profile

SHARES CREDITED TO DEMAT ACCOUNT. WHEN WILL BE LISTING DATE?

 

23.1. Sameer Bhatia  Jul 17, 2012 1:19:51 PM IST |    Like  |  Report Abuse
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18th July

 

22. no  Jul 13, 2012 5:02:40 PM IST |   Reply  |    Like  |  Report Abuse
no's - IPO Recommendations, IPO Comments,  Public Profile

what will be the circit filter for this ipo.5,10 or20 or no limit for 1st day?anybody who know,ple. tell me very urgently

 

21. Imran Kadiwala  Jul 13, 2012 11:56:33 AM IST |   Reply  |    Like  |  Report Abuse
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investors who have applied for VKS will get good listing gain..no major movement seems after listing..!!! so better to come out on listing day.. ( sources ) ...

 

20. monil jain  Jul 11, 2012 5:45:02 PM IST |   Reply  |    Like  |  Report Abuse
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are koi to batao vks project ltd ka premium kitna chal raha hai. sab so gai kya.

 

19. no  Jul 10, 2012 3:36:14 PM IST |   Reply  |    Like  |  Report Abuse
no's - IPO Recommendations, IPO Comments,  Public Profile

somebody tell me how will list this ipo and what should be price?

 

18. m.l.a.  Jul 08, 2012 7:28:10 PM IST |   Reply  |    Like  |  Report Abuse
m.l.a.'s - IPO Recommendations, IPO Comments,  Public Profile

kindly
updatecurrentgmp
activity

 

17. UMANG KOTHARI  Jul 07, 2012 1:42:09 PM IST |   Reply  |    Like  |  Report Abuse
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VKS PROJECT FIX PRICED 55/-

 

16. monil jain  Jul 06, 2012 7:52:36 PM IST |   Reply  |    Like  |  Report Abuse
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hi ipo raja how are you. are yaar koi ipo to bazar me lao.

 

15. Rkg  Jul 05, 2012 9:57:02 AM IST |   Reply  |    Like  |  Report Abuse
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Retail investors who have applied for this issue will get bagful of returns

 

15.1. m.l.a.  Jul 08, 2012 4:21:54 PM IST |    Like  |  Report Abuse
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dear rkgyou have any definiteinformation.thanks

 

14. Priya Jain  Jul 04, 2012 6:53:57 PM IST |   Reply  |    Like  |  Report Abuse
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Good news friends.

Issue survived.

BSE recieve bids for 47.54% shares
NSE recieve bids for 55,45% shares

Total = 103%

 

13. IPO SHOKHIN  Jul 04, 2012 1:57:01 PM IST |   Reply  |    Like  |  Report Abuse
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ANY SUB FIGURES LATEST OF QIB HNI N RTAIL

 

12. santonu  Jul 03, 2012 10:37:44 PM IST |   Reply  |    Like  |  Report Abuse
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Issue seem to be fully subscribed

 

11. Sameer Bhatia  Jul 03, 2012 7:10:25 PM IST |   Reply  |    Like  |  Report Abuse
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can somebody please tell me the latest subscription numbers?

 

11.1. santonu  Jul 03, 2012 10:36:56 PM IST |    Like  |  Report Abuse
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As per NSE site-QIB-1.3 HNI-0.3 Retail -0.3

 

10. Anand R  Jul 03, 2012 7:03:33 PM IST |   Reply  |    Like  |  Report Abuse
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This IPO is not offered thru ICICI Direct. Can someone explain why ICICI is offering selective IPOs?

 

9. Priya Jain  Jul 02, 2012 12:48:01 PM IST |   Reply  |    Like  |  Report Abuse
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VKS Projects: High valuation, poor fundamentals make IPO unattractive
30 Jun, 2012, 05.55PM IST, Suraj Sowkar,ET Bureau

High valuation and poor fundamentals make VKS Projects' initial public offer (IPO) unattractive in the current market. Investors are advised to avoid this IPO.

BUSINESS

VKS Projects is a small-sized engineering, procurement and construction ( EPC) company engaged in fabrication and erection of key industry equipment. It caters to various companies in the oil and gas, pharma, power and textiles sectors.

OBJECTS OF THE ISSUE

VKS Projects intends to raise Rs 55 crore through this public issue to finance its expansion plans. Out of the total proceeds, 41% would be used for financing construction equipment and machineries, 27% for long-term working capital requirement, 18% for setting up of design studios and the rest for general corporate expenses.

FINANCIALS & CONCERNS

The company's revenues have grown at a CAGR of 107% between FY07 and FY11. Although this looks impressive, it has not been able to generate a positive operating cash flow since the last five years. This is due to its trade receivables which have been growing at a faster rate.

In the nine months ended December 2011, its account receivables formed 65% of its revenues. Any further deterioration in cash flows would further impact the company's profitability. In addition, the current order book of the company is Rs 98 crore, which is nearly equal to the revenues in nine months ended December 2011.

As most of its projects are to be completed within the next twelve months, its current order book would provide a reasonable revenue visibility for the current financial year. To maintain its past growth record, the company would have to its increase its order book in the near term.

VALUATION

Based on its FY11 earnings, the stock at the upper price band of Rs 60 is placed at a post issue P/E of 6.4.

Its peers in the industry like McNally Bharat Engineering Company and Petron Engineering, which are more established in the industry, are trading at a P/E of 5.1 and 4.4, respectively. The price band looks expensive due to its weak fundamentals and relatively small size of the company.

 

8. STAR IPO KING  Jul 01, 2012 9:32:44 PM IST |   Reply  |    Like  |  Report Abuse
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may proved another msk project .

 

7. gundu anna  Jul 01, 2012 7:11:05 PM IST |   Reply  |    Like  |  Report Abuse
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Never ever think of applying this kind of shares....

 

6. gundu anna  Jul 01, 2012 7:10:32 PM IST |   Reply  |    Like  |  Report Abuse
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Dont apply for VKS. Its high risk!!!!

 

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