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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.
| 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 Date | Jun 29, 2012 to Jul 4, 2012 |
| Listing Date | Wednesday, July 18, 2012 |
| Face Value | ₹10 per share |
| Price | ₹55 to ₹60 per share |
| Lot Size | 100 Shares |
| Issue Size | 10,000,000 shares of ₹10 (aggregating up to ₹55.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Company Promoters | The company is promoted by Dr. V.K. Sukumaran & Dr. Saritha Sukumaran. |
The VKS Projects IPO 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 |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,000 |
| Retail (Max) | 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.
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...The VKS Projects IPO is subscribed 1.03 times on Jul 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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.15 |
| NII | 0.38 |
| Retail | 1.13 |
| Total | 1.03 |
| 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 share |
| Face Value | ₹10 per 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
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 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 .
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.
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