VKS Projects, which raised Rs 55-crore via public issue, made its debut on BSE on Wednesday, July 18, 2012. The issue price of the scrip was fixed at lower end of price band of Rs 55-60 a share.
VKS Projects is currently trading at Rs 55, flat as compared to its fixed issue price of Rs 55.00 on the BSE.
The scrip opened at Rs 55.80 and has touched a high and low of Rs 55.80 and Rs 53.05 respectively. So far 148443 shares were traded on the counter.
The promoters holding in the company stood at 44.44% while FIIs and DIIs held 3.11% and 0.01% respectively. Others held 24.44% stake in the company.
The company has proposed to use the net proceeds of the issue to meet long-term working capital requirements besides financing the procurement of construction equipment and key machineries and the setting up of engineering design studio/office and training centre in Chennai, Cochin, Delhi, Hyderabad and Ahmedabad.
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.
| Company Name | CMP |
|---|---|
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| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
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