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Right Issue Status: Open [2nd May 2024 to 16th May 2024]
Vms Industries Limited is offering a rights issue of Rs 28.00 Cr . The subscription for this Rights Issue is opening from soon. The company issues entitlement of 16 Rights equity shares for every fully paid-up 33 equity shares held on the record date is 18 Apr 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs 35 for each share
Stay connected with us to more about Vms Industries Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company intends to utilize the proceeds raised through the Issue for the following objects:
| VMS Industries Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.80 Cr Shares |
| Right Issue Issue Size (Amount) | ₹28.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹35 per share |
| Right Issue Record Date | 18th Apr 2024 |
| Right Issue Entitlement | 17 Rights Equity Share(s) for every 33 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Amount of Rights Equity Shares shall be fully paid up at the time of application. |
| Listing At | BSE |
| BSE Code | 533427 |
| NSE Code |
In this section we have covered all important dates related to VMS Industries Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 2nd May 2024 |
| Right Issue Issue Close Date | 16th May 2024 |
| Basis of Allotment Finalisation Date* | 23rd May 2024 |
| Refunds Initiation* | 10th May 2024 |
| Credit of Shares to Demat Account* | 28th May 2024 |
| Right Issue Listing Date* | 30th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Vms Industries Limited was incorporated in December 1991 with the objective of providing various types of consulting and information technology services. In the year 1992-1994, the company was engaged in computerization of property tax records of Bhavnagar Municipal Corporation. Thereafter, in the year 1995-96, the company took up the task of computerization of Ration Cards and Ration Shops of Bhavnagar Municipal Corporation.
In the year 1994, the company also acquired a running oxygen plant under the name “Varun Gasses” at Sihor GIDC, Bhavnagar, with an installed capacity of 65 cubic meters per hour. The company was operating at full capacity and supplying the gas produced from this plant to various customers in and around Bhavnagar. The said plant was closed by the company in 1997 as it became unviable due to the decline in the ship recycling industry and technological advancement in this field.
In 2003-04, the ship dismantling industry was revived, so the company decided to diversify its activities. In 2004, the Gujarat Shipping Authority auctioned vacant plots and through an open tender, the company was allotted vacant plot No. 160 in the Alang Sosiya Ship Breaking Yard measuring 1350 square meters on a leasehold basis. However, the company was unable to commence its shipbreaking activities due to a change in policy for ship recycling facilities which require a larger plot (2700 square meters) and therefore could not obtain permission from the GMB to use the land.
Past performance and financial results of VMS Industries .
Vms Industries Ltd.'s revenue decreased by -10.65% and profit after tax (PAT) rose by 131.87% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Amount in ₹ Crore | ||
The table below is live update of Right Issue bidding details from NSE and BSE.
VMS Industries Right Issue Offer Document (Letter of Offer) >>Document
VMS Industries Right Issue Offer Document (Letter of Offer) >>VMS Industries Right Issue Red Herring Prospectus is not yet available.
VMS Industries Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
VMS Industries Right Issue Online Application (Registrar & Transfer Agent) >>VMS Industries Right Issue RTA information is not yet available.
Last Updated on 2024-05-02T05:32:44+00:00
