SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

VMS Industries’ Rs 25.75-crore worth of IPO opens today

30 May 2011 Evaluate

VMS Industries’ Rs 25.75-crore initial public offering (IPO) has opened for subscription today, i.e., May 30, 2011 and will close on June 2, 2011. The price band for the issue has been fixed at Rs 36-40 per share.

Ashika Capital is the book running lead manager to the issue. The company will be using the issue proceeds for modernization of ship recycling plot, setting up of corporate office at Ahmedabad and for long-term working capital requirement.

Meanwhile, ICRA has assigned grade 1/5 indicating poor fundamentals, to the proposed initial public offering (IPO) of VMS Industries. VMS also holds 25% stake in a partnership firm ‘Eternal Automobiles’ which is a dealer of two wheelers for ‘Honda Motor Cycle and Scooter India’.

The company is engaged in ship recycling activities, off-shore support business activities.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×