IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size100 Shares per Lot
Total Issue Size1,00,00,000 shares (aggregating up to ₹55.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenFri, 29 Jun 2012
Subscription CloseWed, 04 Jul 2012
Anchor AllotmentThu, 28 Jun 2012
Basis of AllotmentTue, 10 Jul 2012
Initiation of RefundsWed, 11 Jul 2012
Credit of Shares to DematWed, 11 Jul 2012
Listing DateWed, 18 Jul 2012
UPI Mandate Deadline2012-07-04
Application & Investment Details
Retail — Min (1 Lots)₹5,500 — 100 shares
Retail — Max (13 Lots)₹78,000 (13 Lots)
HNI — Min (37 Lots)₹2,03,500 — 3,700 shares
Pre-IPO Promoter Holding80,00,000 shares
Post-IPO Promoter Holding1,80,00,000 shares
About VKS Projects Ltd.
Incorporated in 1998, VKS Projects Ltd is a Navi Mumbai based Engineering Procurement and Construction Company (EPC Contractor) engaged in the business of undertaking EPC Contracts of CS/SS/Alloy Steel Turnkey Piping, Civil Land Development, Industrial / Commercial Infra Projects, Structural Fabrication and Erection of Equipments, Fire Fighting Projects and Commissioning of Chemical Plants for various industries including but not limited to Chemicals, Oil and Gas (on-shore and offshore), Refinery, Petrochemicals, Dyestuff, Pharma & Bulk Drugs, Metallurgy, Power and Textiles.Company area of expertise are Fabrication & Erection of Key Industry Equipments/Plants including Reaction Vessels, Auto Claves, Vacuum Tray Driers, Storage Tanks, Chilling Plants, Hydrogenerators, Fire Fighting Units, Heat Exchangers/Condensers, Rotary Vacuum Tray Driers, Centrifuges, WHR boilers, Crystallizers, Scrubbers, Distillation Units, and Flakers etc.
Objects of the Issue
VKS Projects Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet long – term working capital requirements
15.00
2
2 To finance the procurement of Construction Equipment and Key Machineries
22.64
3
3 To finance the setting up of Engineering Design Studio/Office and Training Centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad
10.00
4
4 For General Corporate Purposes
4.86
5
5 To meet Issue expenses
2.50
Shareholding & Lock-in
Pre-IPO Promoter Holding
80,00,000 shares
Post-IPO Promoter Holding
1,80,00,000 shares