Friday, May 27, 2011

Upcoming IPO - VMS Industries Ltd

VMS Industries Ltd is entering in the capital markets with an initial public offering, IPO of 25.75 crores. The price band for the issue has been fixed at Rs 36/- at lower level and Rs 40/- at upper level.

The issue opens on May 30, 2011 and closes for subscription on Jun 02, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE).

The company was originally incorporated under the name of Varun Management Services Private Limited on 2nd December 1991 with the Registrar of Companies, Gujarat ( Dadar & Nagar Haveli). The name of our company was changed to VMS INDUSTRIES PRIVATE LIMITED with effect from 22nd May 2007. Pursuant to our Company being converted into a Public Limited Company, the word “Private” was deleted from the name of our Company by necessary resolution passed on 31st December 2009.

ICRA Limited has rated this IPO as IPO GRADE 1. ( poor fundamentals )


1 comment:

  1. Very good post, I was really searching for this topic, as I wanted this topic to understand completely and it is also very rare in internet, that is why it was very difficult to understand.Thank you for sharing this.
    Stock Tips