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)) | ||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 6025.43 | 3023.75 | 1078.81 |
| 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
| IPO Opening Date | Jun 29, 2012 |
| IPO Closing Date | Jul 4, 2012 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 to ₹60 per equity share |
| Market Lot | 100 Shares |
| Min Order Quantity | 100 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,000,000 Eq Shares of ₹10 (aggregating up to ₹55.00 Cr) |
The VKS Projects IPO market lot size is 100 shares. A retail-individual investor can apply for up to 33 lots (3300 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹6,000 |
| Maximum | 33 | 3300 | ₹198,000 |
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.
The VKS Projects IPO is subscribed 1.03x times on Jul 4, 2012 17:00. The public issue subscribed 1.13x in the retail category, 1.15x in the QIB category, and 0.38x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 1.15x |
| NII | 0.38x |
| RII | 1.13x |
| Total | 1.03x |
| Listing Date | Wednesday, July 18, 2012 |
| BSE Script Code | 534567 |
| NSE Symbol | VKSPL |
| Listing In | T Group of Securities |
| ISIN | INE213M01024 |
| IPO Price | ₹55 per equity share |
| Face Value | ₹10 per equity share |
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VKS Projects Ltd
507, 'B' Wing, Sai Sangam,
Sector 15, CBD Belapur (E),
Navi Mumbai – 400614
Phone: 91-22-41267000
Email: complianceofficer@vksprojects.com
Website: http://www.vksprojects.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email:
Website: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 100 Shares.
The IPO opens on Jun 29, 2012, and closes on Jul 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 Jun 29, 2012 and closes on Jul 4, 2012.
VKS Projects IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.
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, Edelweiss, 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.
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