VKS Projects, the ISO certified company, is coming out with an initial public offering (IPO) to raise around Rs 55 crore. The company has fixed the price band at Rs 55-60 per equity share having face value Rs 10 each for this 100% book building issue.
The issue will open on June 29, 2012 and close on July 4, 2012. The book running lead managers to the IPO is Aryaman Financial Services while Bigshare Services is the registrar to the issue.
The issue proceeds are being used for meeting long-term working capital requirements, financing the procurement of Construction Equipment and Key Machineries, financing the setting up of Engineering Design Studio/Office and Training Centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad, general corporate purposes and meeting issue expenses
VKS Projects is an ISO 9001:2008, OHSAS 18001:2007 & ISO 14001:2004 certified 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
