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Monday, May 30, 2011

VMS Industry Limited IPO- No Reason to Invest

VMS Industries Limited

Issue Highlights
Face Value: ì 10
Lot Size: 160 Shares
Issue Type: 100 % Book Building
Allocation Details
                QIB: 1,28,75,000 equity shares
                NII:  38,62,500 equity shares
                RII: 90,12,500 equity shares
Lower Price Band: ì  36
Upper Price Band:  ì 40
Issue Size:  ì  25.75 Crore
Issue Opens On: 30th May 2011
Issue Closes On: 2nd June 2011
Industry: Ship Breaking and Scrap Recycling
Maximum Retail Limit:  ì  1,98,400

NB: Debt-Equity ratio for FY11(till Q3) is around 2.5 and shows company has taken heavy debt in FY 11.
Download VMS Industry Limited IPO Analysis Report


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