Allotment

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.
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| 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 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 |
| Category | Offer |
|---|---|
| QIB Shares Offered | 18,00,000 Shares |
| NII (HNI) Shares Offered | 30,00,000 Shares |
| Retail Shares Offered | 75,00,000 Shares |
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 |
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
| 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 |
| 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 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) | - |
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/
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
vtl.ipo@kfintech.com