₹28.00 Crores | Listing at BSE | Thu, May 2, 2024 - Thu, May 16, 2024
Vms Industries Ltd. Rights Issue comprises 0.8000 Cr equity shares aggregating to ₹28.00 Cr, offered at an issue price of ₹35 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Apr 18, 2024, with the Rights Issue being offered in the entitlement ratio of 17 : 33.
The term of payment is defined as following : Amount of Rights Equity Shares shall be fully paid up at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 23, 2024.
The Rights Issue opens on May 2, 2024, and closes on May 16, 2024, with renunciation of Rights Entitlements permitted up to May 10, 2024.
The deemed date of allotment is May 23, 2024, following which the equity shares are expected to be credited to demat accounts on May 28, 2024 and listed at the BSE on May 30, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vms Industries Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Apr 18, 2024
Entitlement Ratio
17 : 33
Open Date
Thu, May 2, 2024
Close Date
Thu, May 16, 2024
Amount of Rights Equity Shares shall be fully paid up at the time of application.
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 Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 87.56 | 133.83 |
| Revenue | 145.76 | 163.14 |
| Profit After Tax | 2.50 | 1.08 |
| Amount in ₹ Crore | ||
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:
VMSI is certified by ISO 9001:2008, ISO14001:2004, ISO 30000-2009, and OHSAS18001:2007 for its ship recycling and offshore business.
The company intends to utilize the proceeds raised through the Issue for the following objects:
[Dilip Davda] The company that is engaged in ship recycling, trading in metals etc. has posted bumper performance for 9M-FY24, but the counter has been operated by vested interest above the RI price to tempt investors. The segment is poised for bright prospects ahead and augurs well for this company. Well-informed investors may park moderate funds for the medium term rewards. Read detail review...
VMS Industries Rights Issue 2024 got oversubscribed by 1.25 times by the end of the bidding period with total bid quantity received by BSE of 1,00,30,193 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 16 2024 17:00:00 | 1,00,30,193 | 1.25x |
Vms Industries Ltd.
808/C Pinnacle Business Park Corporate Road
Prahladnagar
Ahmedabad, Gujarat - 380015
Ahmedabad, Gujarat, 380015
The VMS Industries Rights Issue 2024 opens on Thu, May 2, 2024, and closes on Thu, May 16, 2024.
VMS Industries Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, May 1, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, May 10, 2024 |
| Issue Opening Date | Thu, May 2, 2024 |
| Issue Closing Date | Thu, May 16, 2024 |
| Date of Allotment (on or about) | Thu, May 23, 2024 |
| Date of Credit (on or about) | Tue, May 28, 2024 |
| Date of Listing (on or about) | Thu, May 30, 2024 |
You can apply for VMS Industries Rights Issue 2024 in two ways:
Steps to apply for VMS Industries Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for VMS Industries Rights Issue 2024 using Registrar's website (R-WAP)
