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VKS Projects Ltd IPO (VKS Projects IPO) Detail

June 29, 2012 - July 4, 2012

VKS Projects IPO is a book built issue of Rs 55.00 crores.

VKS Projects IPO bidding started from June 29, 2012 and ended on July 4, 2012. The shares got listed on BSE, NSE on July 18, 2012.

VKS Projects IPO price band is set at ₹55 to ₹60 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,000.

Aryaman Financial Services Limited is the book running lead manager of the VKS Projects IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to VKS Projects IPO RHP for detailed information.

VKS Projects IPO Details

IPO Date June 29, 2012 to July 4, 2012
Listing Date July 18, 2012
Face Value ₹10 per share
Price Band ₹55 to ₹60 per share
Lot Size 100 Shares
Total Issue Size10,000,000 shares
(aggregating up to ₹55.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

VKS Projects IPO Reservation

VKS Projects IPO offers 10,000,000 shares. 5,000,000 (50.00%) to QIB, 1,500,000 (15.00%) to NII, 3,500,000 (35.00%) to RII. 35,000 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 3,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,000,000 (50.00%)NA
NII (HNI) Shares Offered1,500,000 (15.00%)
Retail Shares Offered3,500,000 (35.00%)35,000
Total Shares Offered10,000,000 (100%)

VKS Projects IPO Lot Size

Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 100 ₹6,000
Retail (Max) 33 3300 ₹198,000
Lot Size Calculator

About VKS Projects Ltd

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.

Company Financials

ParticularsFor the year/period ended (in Rs. Lacs))
Total Income6025.433023.751078.81
Profit After Tax (PAT)315.97200.4419.37

Objects of the Issue (VKS Projects IPO Objectives)

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

VKS Projects IPO Review (Avoid)

[Dilip Davda]  

On performance front, for last two fiscals the company reported Total turnover/ net profit of Rs 60.25 crore/3.16 crore (2010-11) and Rs. 30.24 crore/Rs. 2.00 crore (2009-10) respectively. For the nine months ended 31.12.2011 it has earned net profit of Rs. 5.63 crore on a turnover of Rs. 97.55 crore. In December 2010 it issued bonus shares in the ratio of 4 shares for every 1 share held. Last three fiscal's average EPS stands at Rs. 8.49 and for nine month period at Rs. 7.03 and NAV of Rs. 23.09 per share.  These EPS gets diluted on enhanced equity post this issue and thus issue looks fully priced. BRLM's track record is poor. Lower IPO grading also makes it a risky bet, hence avoid.

Read detail review...

VKS Projects IPO Subscription Status (Bidding Detail)

The VKS Projects IPO is subscribed 1.03 times on July 4, 2012 5:00:00 PM. The public issue subscribed 1.13 times in the retail category, 1.15 times in the QIB category, and 0.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

VKS Projects Ltd IPO Grading

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.

VKS Projects IPO Prospectus

VKS Projects IPO Rating

Rating:Rated 3.5 stars
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VKS Projects IPO Listing Details

Listing Date July 18, 2012
BSE Script Code 534567
ISIN INE213M01024
Final Issue Price ₹55 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

VKS Projects Ltd Contact Details

VKS Projects Ltd
507, 'B' Wing, Sai Sangam,
Sector 15, CBD Belapur (E),
Navi Mumbai � 400614
Phone: 91-22-41267000

VKS Projects IPO Registrar

VKS Projects IPO - Buy or Not

VKS Projects IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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VKS Projects IPO FAQs

VKS Projects IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹55.00 Crores. The issue is priced at ₹55 to ₹60 per share. The minimum order quantity is 100 Shares.

The IPO opens on June 29, 2012, and closes on July 4, 2012.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The VKS Projects IPO opens on June 29, 2012 and closes on July 4, 2012.

VKS Projects IPO lot size is 100 Shares, and the minimum amount required is ₹6,000.

You can apply in VKS Projects IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for VKS Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the VKS Projects IPO allotment status.

The VKS Projects IPO listing date is on July 18, 2012.
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VKS Projects IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



24. Venky IPO |   Link |  Bookmark |August 23, 2012 1:05:41 AM
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.
23. marketrider |   Link |  Bookmark |July 16, 2012 11:32:23 AM
Operator may take positions in this ipo. Beware !
22. A LA |   Link |  Bookmark |July 14, 2012 12:17:11 PM
22.1. Sameer Bhatia |   Link |  Bookmark |July 17, 2012 12:19:51 PM
18th July
21. no |   Link |  Bookmark |July 13, 2012 4:02:40 PM
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
20. Imran Kadiwala |   Link |  Bookmark |July 13, 2012 10:56:33 AM
investors who have applied for VKS will get good listing major movement seems after listing..!!! so better to come out on listing day.. ( sources ) ...
19. monil jain |   Link |  Bookmark |July 11, 2012 4:45:02 PM
are koi to batao vks project ltd ka premium kitna chal raha hai. sab so gai kya.
18. no |   Link |  Bookmark |July 10, 2012 2:36:14 PM
somebody tell me how will list this ipo and what should be price?
17. m.l.a. |   Link |  Bookmark |July 8, 2012 6:28:10 PM
16. UMANG KOTHARI |   Link |  Bookmark |July 7, 2012 12:42:09 PM
15. monil jain |   Link |  Bookmark |July 6, 2012 6:52:36 PM
hi ipo raja how are you. are yaar koi ipo to bazar me lao.
14. Rkg |   Link |  Bookmark |July 5, 2012 8:57:02 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Retail investors who have applied for this issue will get bagful of returns
14.1. m.l.a. |   Link |  Bookmark |July 8, 2012 3:21:54 PM
dear rkgyou have any definiteinformation.thanks
13. Priya Jain |   Link |  Bookmark |July 4, 2012 5:53:57 PM
Good news friends.

Issue survived.

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

Total = 103%
12. IPO SHOKHIN |   Link |  Bookmark |July 4, 2012 12:57:01 PM
11. santonu |   Link |  Bookmark |July 3, 2012 9:37:44 PM (200+ Posts)
Issue seem to be fully subscribed
10. Sameer Bhatia |   Link |  Bookmark |July 3, 2012 6:10:25 PM
can somebody please tell me the latest subscription numbers?
10.1. santonu |   Link |  Bookmark |July 3, 2012 9:36:56 PM (200+ Posts)
As per NSE site-QIB-1.3 HNI-0.3 Retail -0.3
9. Anand R |   Link |  Bookmark |July 3, 2012 6:03:33 PM
This IPO is not offered thru ICICI Direct. Can someone explain why ICICI is offering selective IPOs?
8. STAR IPO KING |   Link |  Bookmark |July 1, 2012 8:32:44 PM
may proved another msk project .
7. gundu anna |   Link |  Bookmark |July 1, 2012 6:11:05 PM (500+ Posts, 100+ Likes)
Never ever think of applying this kind of shares....
6. gundu anna |   Link |  Bookmark |July 1, 2012 6:10:32 PM (500+ Posts, 100+ Likes)
Dont apply for VKS. Its high risk!!!!
5. santonu |   Link |  Bookmark |June 29, 2012 10:19:48 PM (200+ Posts)
QIB -fully subscribed today retail -50% subscribed in opening day good going