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.
VMS Industries Ltd on its incorporation started the business activity in the nature of providing different kinds of financial and consulting services and later on diversified into the ship recycling and off-shore activities. VMS Industries has an integrated yard for ship recycling of ships and offshore business support activities, catering to customers in India and overseas.
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).
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