SENSEX
27865.83 519.50 (1.90%)
NIFTY
8322.20 153.00 (1.87%)
News 
VKS Projects closes above issue price
18 Jul 2012 04:38 PM
Share:
Font Resize: A A

Shares of VKS Projects, an EPC contractor, clawed back above the issue price of Rs 55 in last couple of hours of trade after hitting a lower circuit of Rs 53.05 in early trade on Wednesday.

The stock hit an intraday high of Rs 56 in late trade, before closing at Rs 55.60, with a rise of just 1% over issue price.

The Rs 55-crore public issue was opened for subscription during June 29-July 4, which managed to get fully subscribed on final day.

VKS Projects is 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.

Company intends to use issue proceeds for 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.

Back to Top

Stocks in this article

related news

Read More On
#VKS Projects
comments 0

Font Size:     Feedback     Desktop site »
Language: English    हिंदी    ગુજરાતી
© 2014. a Web18 Venture