Vms Industries Ltd Right Issue

₹28.00 Cr BSE 2 May 2024 – 16 May 2024

Closed Ratio: 17 : 33 BSE
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Issue Price
₹35.00
Face Value
₹10.00
Issue Size (Shares)
8,000,000
Issue Size (₹ Cr.)
₹28.00
📅 Right Issue Timetable
Last Date to Buy SharesTue, Apr 16, 2024
Record DateThu, Apr 18, 2024
Credit of Rights EntitlementsWed, May 1, 2024
Bid/Offer Opens OnThu, May 2, 2024
Issue Open DateThu, May 2, 2024
Renunciation Last DateFri, May 10, 2024
Bid/Offer Closes OnThu, May 16, 2024
Issue Close DateThu, May 16, 2024
Deemed Date of AllotmentThu, May 23, 2024
Credit DateTue, May 28, 2024
Listing DateThu, May 30, 2024
📋 Right Issue Details
Issue Size (Shares)8,000,000
Issue Size (Amount)₹28.00 Cr.
Issue Price₹35.00 per share
Face Value₹10.00 per share
Entitlement Ratio17 : 33
Listing AtBSE
Terms of PaymentAmount of Rights Equity Shares shall be fully paid up at the time of application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-31FY I
Income145.76163.14
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Funding long-term working capital requirements of the Company.
2General Corporate Purpose
🏢 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 encompasses 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.
📞 Company Contact
CompanyVms Industries Ltd
Address808/C Pinnacle Business Park Corporate Road
Prahladnagar
Ahmedabad, Gujarat - 380015
Ahmedabad, Gujarat, 380015
Phone+91-99789 41676
Emailinfo@vmsil.in
WebsiteVisit ↗
📝 Registrar
NameCameo Corporate Services Ltd
Phone044-28460390/28460391/28460392
Emailcameo@cameoindia.com
WebsiteVisit ↗