VKS Projects , engineering procurement and construction (EPC contractor) company, proposes to enter the capital markets with an IPO to raise aggregating Rs 55 crore through 100% book building process. The price band has been fixed at Rs 55 to Rs 60. The issue opens on June 29, 2012 and closes on July 04, 2012. Aryaman Financial Services Ltd is the sole book running lead manager and Bigshare Services Pvt. Ltd. is the registrar to the Issue. The equity shares are proposed to be listed on the BSE and NSE. Crisil Ltd has assigned IPO grade 1 to the issue. The proceeds raised through this public issue are proposed to be deployed to meet long-term working capital requirements besides financing the procurement of construction equipment and key machineries and the setting up of engineering design studio/office and training centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad. VKS Projects is 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. In terms of industry segments, the company caters to chemicals, oil and gas (onshore and offshore), refinery, petrochemicals, dyestuff, pharma & bulk drugs, metallurgy, power and textiles.
27 June 2012
VKS Projects fixes IPO price band at Rs 55-60/share
VKS Projects , engineering procurement and construction (EPC contractor) company, proposes to enter the capital markets with an IPO to raise aggregating Rs 55 crore through 100% book building process. The price band has been fixed at Rs 55 to Rs 60. The issue opens on June 29, 2012 and closes on July 04, 2012. Aryaman Financial Services Ltd is the sole book running lead manager and Bigshare Services Pvt. Ltd. is the registrar to the Issue. The equity shares are proposed to be listed on the BSE and NSE. Crisil Ltd has assigned IPO grade 1 to the issue. The proceeds raised through this public issue are proposed to be deployed to meet long-term working capital requirements besides financing the procurement of construction equipment and key machineries and the setting up of engineering design studio/office and training centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad. VKS Projects is 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. In terms of industry segments, the company caters to chemicals, oil and gas (onshore and offshore), refinery, petrochemicals, dyestuff, pharma & bulk drugs, metallurgy, power and textiles.
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