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VMS TMT Limited

VMS TMT Limited launched its IPO through the book-building route, aiming to raise a total of ₹148.50 crore. The issue is entirely a fresh issue of 1.50 crore equity shares, aggregating to ₹148.50 crore. The IPO opened for subscription on September 17, 2025, and closed on September 19, 2025. The allotment was finalized on September 22, 2025, and the shares were listed on the BSE and NSE on September 24, 2025.

The IPO was offered at a price band of ₹99 per share, with a lot size of 150 shares. Retail investors were required to make a minimum investment of ₹14,850 at the upper price. For non-institutional investors, the sNII category required an application of 14 lots (2,100 shares) amounting to ₹2,07,900, while the bNII category required 68 lots (10,200 shares) amounting to ₹10,09,800.

The issue was managed by Arihant Capital Markets Ltd., which acted as the Book Running Lead Manager, while Kfin Technologies Ltd. served as the Registrar to the issue. These intermediaries facilitated the smooth execution of the IPO process, from bidding to allotment and listing.

Overall, the IPO marked an important milestone for VMS TMT Ltd., providing capital to support its growth plans while offering investors an opportunity to participate in a company engaged in the manufacturing of TMT steel bars catering to the construction and infrastructure sectors.

VMS TMT Limited IPO & Charts
₹99

0%

Open

₹99

HIgh - Low

₹99

Previous Close

₹99

Total Traded Value

0

52 Weeks High

₹99

52 Weeks Low

₹99

Updates On

Sept 10, 2025

IPO. Open

Sep 17, 2026

IPO. Close

Sep 19, 2026

IPO. Price

₹99.00

IPO Market price

₹491.35 Cr

IPO Details

IPO Date 24 Sep
IPO Listing Date 24 Sep
IPO Face Value ₹10.00 per share
IPO Price Range ₹99.00
IPO Issue Size 1,50,00,000 shares
IPO Sale Type Fresh Capital
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing BSE, NSE Platform
hare Holding Pre Issue 3,46,31,210 shares

IPO Reservation

IPO Open Date 17 Sep
IPO Close Date 19 Sep
IPO Allotment (Tentative) 22 Sep
Refunds 23 Sep
Credit to Demat Account 23 Sep
IPO Listing Date 24 Sep

IPO Timetable

Category Offer
QIB Shares Offered 18,00,000 Shares
NII (HNI) Shares Offered 30,00,000 Shares
Retail Shares Offered 75,00,000 Shares

IPO Lot Size

Investors can bid for a minimum of 150 shares, with additional shares to be purchased in multiples of 150.

Application Lots Share Amount
Retail (Min) 1 150 ₹14,850
Retail (Max) 13 1,950 ₹1,93,050
S-HNI (Min) 14 2,100 ₹2,07,900
S-HNI (Max) 67 10,050 ₹9,94,950
B-HNI (Min) 68 10,200 ₹10,09,800
About Company

VMS TMT Limited is an Indian steel manufacturing company engaged in the production of Thermo-Mechanically Treated (TMT) steel bars, which are widely used in construction and infrastructure projects. The company focuses on manufacturing high-strength, durable, and corrosion-resistant TMT bars that comply with Indian quality standards and are suitable for residential, commercial, and industrial applications.

VMS TMT’s product portfolio primarily includes TMT reinforcement bars designed to offer superior tensile strength, ductility, and earthquake resistance. These products are used extensively in buildings, bridges, roads, and other infrastructure developments. The company emphasizes consistent quality, technological efficiency, and adherence to safety and structural standards to meet the evolving needs of the construction sector.

The company serves a broad customer base comprising real estate developers, infrastructure companies, contractors, and distributors, primarily across regional markets. By focusing on reliable supply, competitive pricing, and strong channel partnerships, VMS TMT has established steady relationships with its customers and distributors over time.

Competitive Strengths:

Focus on manufacturing quality-assured TMT bars with strong mechanical properties

Products aligned with Indian standards for strength, durability, and safety

Established distribution network catering to construction and infrastructure sectors

Emphasis on operational efficiency and cost-effective manufacturing

Experienced promoters and management team with industry knowledge

VMS TMT Ltd.'s revenue declined by 12%, while profit after tax (PAT) rose by 14% for the financial year ended March 31, 2025, compared to the year ended March 31, 2024.

Company Financials (Consolidated)

Assets 449.35 412.06 284.23
Total Income 213.39 771.41 873.17
Profit After Tax 8.58 15.42 13.47
EBITDA 19.48 45.53 41.2
NET Worth 81.77 73.19 46.51
Reserves and Surplus 47.14 38.56 33.18
Total Borrowing 309.18 275.72 197.86

Key Performance Indicator (KPI)

ROE -
ROCE 12.79%
Debt/Equity 3.77
RoNW 20.14%
PAT Margin 1.91%
EBITDA Margin 5.91%
Price to Book Value 7.43
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries -
2 To meet out the expenses of Working Capital Requirement -
3 To meet out the General Corporate Purposes; 20.65
4 Offer for Sale (OFS) -

Contact Details

VMS TMT Ltd. Address
Survey No 214 Bhayla Village,
Near Water Tank Bavla,
Ahmedabad
Ahmedabad, Gujarat, 382220
Phone: +91 63575 85711
Email: compliance@vmstmt.com
Website: http://www.vmstmt.com/

Detail Registrar

IPO Registrar
Kfin Technologies Ltd.

04067162222, 04079611000
vtl.ipo@kfintech.com

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