VMS Industries Limited IPO has been assigned an IPO Grade 1/5 by credit rating agency ICRA. This means that as per ICRA, the company has 'Poor Fundamentals'. ICRA assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

VMS Industries Ltd. is engaged in the business 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

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Issue Opens from: Monday, May 30, 2011
Issue Closes on: Thursday, June 02, 2011
Price Band: Rs.36/- to Rs.40/- per equity share
Bid Lot: 160 Equity Shares and in multiples thereof
Lead Manager: Ashika Capital Limited
Registrar: Cameo Corporate Services Limited