Shares of VKS Projects , an EPC contractor, clawed back above the issue price of Rs 55 in last couple of hours of trade after hitting a lower circuit of Rs 53.05 in early trade on Wednesday.
The stock hit an intraday high of Rs 56 in late trade, before closing at Rs 55.60, with a rise of just 1% over issue price.
The Rs 55-crore public issue was opened for subscription during June 29-July 4, which managed to get fully subscribed on final day.
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.
Company intends to use issue proceeds for 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.
Showing posts with label VKS projects. Show all posts
Showing posts with label VKS projects. Show all posts
04 July 2012
VKS Projects IPO subscribed 1.03x ...
| Total Issue Size | 1,00,00,000 |
| Total Bids Received | 1,02,99,800 |
| Total Bids Received at Cut-off Price | 35,68,400 |
| No. of times issue is subscribed | 1.03 |
03 July 2012
VKS PROJECTS IPO: subscribe 0.66x; tomorrow (July 4) last day
| Total Issue Size | 1,00,00,000 |
| Total Bids Received | 66,32,300 |
| Total Bids Received at Cut-off Price | 3,55,300 |
| No. of times issue is subscribed | 0.66 |
02 July 2012
Grey market premium, VKS Projects IPO: Rs 3
Grey market premium, VKS Projects IPO: Rs 3
IPO price band Rs 55-60
IPO closes Wednesday 04-07-2012
VKS Projects IPO subscribed 0.5 times on Day 1 : will u invest?
VKS Projects IPO subscribed 0.5 times on Day 1
| Total Issue Size | 1,00,00,000 |
| Total Bids Received | 50,10,500 |
| Total Bids Received at Cut-off Price | 600 |
| No. of times issue is subscribed | 0.50 |
01 July 2012
IPO- VKS Projects: Avoid: Business Line
The initial public offer of VKS Projects, an engineering and construction contractor for industrial projects, doesn’t have much going for it.
VKS has a list of reputed clients; revenues and earnings have clocked good growth. But its low order book size, short execution cycle, limited diversification and lack of revenue visibility are significant deterrents.
There is also likely to be a massive earnings dilution in the near term with most of the issue proceeds financing equipment purchase and setting up design offices.
28 June 2012
VKS projects limited IPO opens 29-Jun-2012..details
VKS projects limited IPO opens 29-Jun-2012..details
27 June 2012
VKS Projects IPO: What you need to know
Issue Terms
| |
|---|---|
Issue price / Floor Price (Rs)
|
55-60
|
Application per share (Rs)
|
55.00
|
Minimum investment amount (Rs)
|
5,500.00
|
Minimum bid (no of shares)
|
100 shares and in multiples of 100 thereafter
|
Maximum Shares for Retail
|
3600-3300
|
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.
VKS PROJECTS LIMITED IPO: all the details
| VKS PROJECTS LIMITED | |
|---|---|
| *Non-Retail investors i.e. QIB and Non-Institutional Investors Bidding for more than 2 lac shall mandatorily use ASBA facility | |
| Symbol - Series | VKSPL |
| Issue Period | 29-Jun-2012 to 04-Jul-2012 |
| Post issue Modification Period | 5-Jul-2012 |
| Issue Size | Public offer of [.] equity shares aggregating to Rs 5500 lacs of Rs.10 each. |
| Issue Type | 100% Book Building |
| Price Range | Rs 55 to Rs 60 |
| Face Value | 10 |
| Tick Size | 1 |
| Market Lot | 100 Equity Shares |
| Minimum Order Quantity | 100 Equity Shares |
| IPO Grading | IPO GRADE 1 |
| Rating Agency | CRISIL Limited |
| Maximum Subscription Amount for Retail Investor | 200000 |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
| Book Running Lead Manager | Aryaman Financial Services Ltd |
| Syndicate Member | Aryaman Financial Services Ltd and KGR Securities Pvt. Ltd. |
| Categories* | FI, IC, MF, FII, OTH, CO, IND, and NOH |
| No. of Cities with Bidding Centers | 34 |
| Name of the registrar | Bigshare Services Private Limited. |
| Address of the registrar | E-2/3 Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai ? 400072 |
| Contact person name number and Email id | Mr. N V K Mohan, ipo@bigshareonline.com |
| Prospectus | Click Here |
| Trading Member List | Click Here |
| Application Forms | Click Here |
| ASBA e-form link | e-Forms |
| Grading Report | Click Here |
| Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form | Click Here |
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