VMS Industries Rights Issue will open for subscription from 02 May 2024. the company aims for an issue size of ₹28 Crores through this rights Issue.
About the company
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:
- Ship recycling: VMSI breaks down old ships into their parts and recycles them. The company has an industrial plot at Alang, Bhavnagar, using technology that reduces environmental hazards.
- Trading of various Metals: VMSI trades in various metals encompass a dynamic market where recyclable metal materials are bought, sold, and repurposed worldwide.
- Assets Dismantling/Demolition: Asset dismantling or demolition is a complex process that deconstructs industrial facilities like manufacturing plants and warehouses. It requires specialized expertise, equipment, and adherence to safety protocols and environmental regulations.
VMSI is certified by ISO 9001:2008, ISO14001:2004, ISO 30000-2009, and OHSAS18001:2007 for its ship recycling and offshore business.
Objectives of the Issue
- Funding long-term working capital requirements of the Company.
- General Corporate Purpose
VMS Industries Rights Issue Timetable
| Last Date to buy shares | 16 April 2024 |
| Record Date | 18 April 2024 |
| Credit of Rights Entitlements | 01 May 2024 |
| Bid/Offer Opens On | 02 May 2024 |
| Renunciation of Rights Entitlements | 10 May 2024 |
| Bid/Offer Closes On | 16 May 2024 |
| Deemed Date of Allotment | 23 May 2024 |
| Credit Date | 28 May 2024 |
| Listing Date | 30 May 2024 |
VMS Industries Rights Issue Details
| Issue Open | May 2, 2024 – May 16, 2024 |
| Security Name | Vms Industries Ltd. |
| Issue Size (Shares) | 8,000,000 |
| Issue Size (Amount) | ₹28.00 Crores |
| Issue Price | ₹35 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Amount of Rights Equity Shares shall be fully paid up at the time of application. |
| Entitlement | 17 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date |
Company Financials
| 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 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Vms Industries Ltd.
808/C Pinnacle Business Park Corporate Road
Prahladnagar
Ahmedabad, Gujarat – 380015
Phone: +91-99789 41676
Email: info@vmsil.in
Website: https://www.vmsil.in/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
