Incorporated in 1991, VMS Industries Ltd on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off-shore activities.
VMS Industries has an integrated yard for ship recycling of ships and offshore business support activities, catering to customers in India and overseas. Currently the company mainly consists of two business segments:
1. Ship Recycling Activities;
2. Offshore Support Business Activities.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 Modernization of our Ship Recycling Plot | ₹6 |
| 2 Setting up of Corporate Office at Ahmedabad | ₹1 |
| 3 Long-term Working Capital Requirement | ₹17 |
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 3,609 | 146 | 14 |
| PAT | 261 | 72 | 3 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 3,218,750 (50%) | — |
| NII / HNI | — | 965,625 (15%) | — |
| Retail (RII) | — | 2,253,125 (35%) | — |
| Total | — | 6,437,500 (100%) | — |
* Amount calculated at upper price band (₹40) · ** Total includes all investor categories
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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