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: 30^th May 2011

Issue Closes On: 2^nd 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.
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