Vms Industries Limited Rights Issue: What You Should Know

Vms Industries Limited came up with the rights issue. The company reported the issue size of net 80 Lakhs of Equity shares at the issue price of Rs 35 each share which is amounting to Rs 28 Crores. The opening and closing date for the subscription for the right issue has yet to be announced. Meanwhile, the face value is reported at Rs 10 per share. Meanwhile, an investor who does not own shares of Vms Industries Limited can buy its shares till April 16, 2024, to be eligible for this rights issue, which is the last date to buy shares, whereas the record date for the right issue is mentioned by the company is April 18, 2024. The registrar for this right issue is Cameo Corporate Services Limited whereas the lead managers for this issue is not yet disclosed.

About Vms Industries Limited

The company was incorporated on December 2, 1991 with the object of carrying on the business of providing different kinds of consulting and information technology services. During 1992- 1994, the company was engaged in computerization of land revenue records of Bhavnagar Municipal Corporation. Thereafter, in the year 1995-96 Company undertook the assignment of computerization of Ration Cards and Ration Shops of Bhavnagar Municipal Corporation. VMSI is involved in ship recycling, trading different metals, as well as asset dismantling or demolition. VMSI incinerates old ships into their separate units to be recycled from an industrial site at Alang, Bhavnagar. They use sophisticated technology to minimize environmental risks during recycling process. Additionally, it is important to note that VMSI actively trades various metals on a highly volatile market and purchases, sells or repurposes recyclable metal materials all over the world. Furthermore, the company takes up the complicated job of asset dismantling and demolishing that includes such facilities like manufacturing plants and warehouses.

Primary Objectives of Vms Industries right issue

The Net Proceeds from the Issue are proposed to be utilised by the Company is for funding the long-term working capital requirements of the company whereas the rest funding will be utilized in general corporate purposes.

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Financial Performance of Vms Industries Limited (Amt in Rs Crore)

Vms  Industries Limited reported Rs 145.76 Cr of net revenue for FY 22-23, which is decreased by -10.65% compared to FY 21-22, whereas Profit after tax is reported Rs 2.50 Cr for FY 22-23, i.e., rose by 131.87%.

Important Dates for Vms Industries Rights Issue

Timetable of Vms Industries Rights Issue

How do I apply for the Vms Industries Rights Issue?

Once the Vms Industries Rights Issue application is open for subscription, you can click here to apply with Bigul.

How do you check the allotment status of the Vms Industries Rights Issue?

The registrar for this right issue is Cameo Corporate Services Limited. Investors can check the allotment status by clicking here. 

FAQs

1. What is the Vms Industries Rights Issue opening and closing date?

The opening and closing date of this Rights Issue have not yet been disclosed; you can check it here once it is disclosed.

2. What is the record date for the Vms Industries Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue, is April 18, 2024.

3. What is the last Date to buy Shares?

To get eligible for the rights issue of Vms Industries limited, an investor can buy its shares till April 16, 2024.

4. What are the recent financial updates of Vms Industries Limited?

Vms Industries Limited reported Rs 145.76 Cr of net revenue for FY 22-23, which is decreased by -10.65% compared to FY 21-22, whereas Profit after tax is reported Rs 2.50 Cr for FY 22-23, i.e., rose by 131.87%.

5. How can I apply for the Vms Industries Rights Issue?

You can apply for the Vms Industries Rights Issue right issue by visiting here.

6. How can I check the allotment status of the Vms Industries Issue?

The registrar for this right issue is Cameo Corporate Services Limited. Investors can check the allotment status by clicking here.

7. Where will the Vms Industries Right Issue be listed?

The Rights Issue will be listed on the Bombay Stock Exchange (BSE).

8. What is the entitlement ratio for the Vms Industries Limited Right Issue?

The entitlement ratio is set at 16 Rights equity Shares for every 33 fully paid-up equity shares held on record date April 18, 2024. 

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