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VKS Projects Ltd IPO (VKS Projects IPO) Detail

Jun 29, 2012 - Jul 4, 2012

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))
31-Mar-1131-Mar-1031-Mar-09
Total Income6025.433023.751078.81
Profit After Tax (PAT)315.97200.4419.37

Objects of the Issue:

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 Details

VKS Projects IPO Date Jun 29, 2012 to Jul 4, 2012
VKS Projects IPO Face Value ₹10 per share
VKS Projects IPO Price ₹55 to ₹60 per share
VKS Projects IPO Lot Size 100 Shares
Issue Size10,000,000 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.

VKS Projects IPO Lot Size

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
Minimum 1 100 ₹6,000
Maximum 33 3300 ₹198,000

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 Review

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.

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VKS Projects IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB1.15
NII0.38
Retail1.13
Total1.03

VKS Projects IPO Prospectus

VKS Projects IPO Rating

42
3.5
Rating:Rated 3.5 stars
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VKS Projects IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹55.00
₹55.80
₹53.05
₹56.00
₹55.60
NSE
₹55.00
₹56.35
₹53.95
₹56.35
₹55.00

Company Contact Information

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

VKS Projects IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email:
Website: http://www.bigshareonline.com

VKS Projects IPO Reviews / Ratings

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 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, 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.

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

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27 Comments

24. Venky IPO |   Link |Aug 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 |Jul 16, 2012 11:32:23 AM
Operator may take positions in this ipo. Beware !
22. A LA |   Link |Jul 14, 2012 12:17:11 PM
SHARES CREDITED TO DEMAT ACCOUNT. WHEN WILL BE LISTING DATE?
22.1. Sameer Bhatia |   Link |Jul 17, 2012 12:19:51 PM
18th July
21. no |   Link |Jul 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 |Jul 13, 2012 10:56:33 AM
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 ) ...
19. monil jain |   Link |Jul 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 |Jul 10, 2012 2:36:14 PM
somebody tell me how will list this ipo and what should be price?
17. m.l.a. |   Link |Jul 8, 2012 6:28:10 PM
kindly
updatecurrentgmp
activity
16. UMANG KOTHARI |   Link |Jul 7, 2012 12:42:09 PM
VKS PROJECT FIX PRICED 55/-
15. monil jain |   Link |Jul 6, 2012 6:52:36 PM
hi ipo raja how are you. are yaar koi ipo to bazar me lao.
14. Rkg |   Link |Jul 5, 2012 8:57:02 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Retail investors who have applied for this issue will get bagful of returns
14.1. m.l.a. |   Link |Jul 8, 2012 3:21:54 PM
dear rkgyou have any definiteinformation.thanks
13. Priya Jain |   Link |Jul 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 |Jul 4, 2012 12:57:01 PM
ANY SUB FIGURES LATEST OF QIB HNI N RTAIL
11. santonu |   Link |Jul 3, 2012 9:37:44 PM
Top Contributor Top Contributor (200+ Posts)
Issue seem to be fully subscribed
10. Sameer Bhatia |   Link |Jul 3, 2012 6:10:25 PM
can somebody please tell me the latest subscription numbers?
10.1. santonu |   Link |Jul 3, 2012 9:36:56 PM
Top Contributor Top Contributor (200+ Posts)
As per NSE site-QIB-1.3 HNI-0.3 Retail -0.3
9. Anand R |   Link |Jul 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 |Jul 1, 2012 8:32:44 PM
may proved another msk project .
7. gundu anna |   Link |Jul 1, 2012 6:11:05 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Never ever think of applying this kind of shares....
6. gundu anna |   Link |Jul 1, 2012 6:10:32 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Dont apply for VKS. Its high risk!!!!
5. santonu |   Link |Jun 29, 2012 10:19:48 PM
Top Contributor Top Contributor (200+ Posts)
QIB -fully subscribed today retail -50% subscribed in opening day good going