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Vms Industries Ltd. Rights Issue (VMS Industries Rights Issue 2024) Detail

May 2, 2024 - May 16, 2024
Vms Industries Ltd. Logo

Incorporated in December 1991, VMS Industries Limited (VMSI) recycles ships, exports products related to ships, and buys and dismantles ships.VMSI also trades in ferrous and non-ferrous metals.VMSI is headquartered in Ahmedabad, India.

VMSI's business segments include:

  • Ship recycling: VMSI breaks down old ships into their parts and recycles them. The company has an industrial plot at Alang, Bhavnagar, using technology that reduces environmental hazards.
  • Trading of various Metals: VMSI trades in various metals encompasses a dynamic market where recyclable metal materials are bought, sold, and repurposed worldwide.
  • Assets Dismantling/Demolition: Asset dismantling or demolition is a complex process that deconstructs industrial facilities like manufacturing plants and warehouses. It requires specialized expertise, equipment, and adherence to safety protocols and environmental regulations.

VMSI is certified by ISO 9001:2008, ISO14001:2004, ISO 30000-2009, and OHSAS18001:2007 for its ship recycling and offshore business.

VMS Industries Rights Issue 2024 Detail

Issue Open May 2, 2024 - May 16, 2024
Security Name Vms Industries Ltd.
Issue Size (Shares) 8,000,000
Issue Size (Amount) ₹28.00 Crores
Issue Price ₹35 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Amount of Rights Equity Shares shall be fully paid up at the time of application.

Entitlement 17 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date

VMS Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 16, 2024
Record Date April 18, 2024
Credit of Rights Entitlements
Bid/Offer Opens On May 2, 2024
Renunciation of Rights Entitlements May 10, 2024
Bid/Offer Closes On May 16, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Vms Industries Ltd. Financial Information (Restated)

Vms Industries Ltd.'s revenue decreased by -10.65% and profit after tax (PAT) rose by 131.87% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 2022
Assets87.56133.83
Revenue145.76163.14
Profit After Tax2.501.08
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the proceeds raised through the Issue for the following objects:

  1. Funding long-term working capital requirements of the Company.
  2. General Corporate Purpose

VMS Industries Rights Issue 2024 Documents

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Company Contact Information

Vms Industries Ltd.
808/C Pinnacle Business Park Corporate Road
Prahladnagar
Ahmedabad, Gujarat - 380015

Phone: +91-99789 41676
Email: info@vmsil.in
Website: https://www.vmsil.in/

VMS Industries Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: cameo@cameoindia.com
    Website: https://ipo.cameoindia.com/

VMS Industries Rights Issue 2024 Lead Manager(s)

Find VMS Industries Rights Issue 2024 Latest Update

VMS Industries Rights Issue 2024 FAQs

The VMS Industries Rights Issue 2024 opens on May 2, 2024, and closes on May 16, 2024.

VMS Industries Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 10, 2024
Issue Opening DateMay 2, 2024
Issue Closing DateMay 16, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

VMS Industries Rights Issue 2024 price is set at ₹35 per share per equity share.

The eligible shareholders are being offered 17 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date (April 18, 2024).

The record date for the VMS Industries Rights Issue 2024 is April 18, 2024.

The issue size of VMS Industries Rights Issue 2024 is of 8,000,000 equity shares at ₹35 per share aggregating upto ₹28.00 Crores.

The Letter of Offer for VMS Industries Rights Issue 2024 can be download here.

You can apply for VMS Industries Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for VMS Industries Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the VMS Industries Rights Issue 2024 available on the list.
  4. Click the Apply button next to the VMS Industries Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for VMS Industries Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select VMS Industries Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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