VMS TMT LIMITED
₹ 94 - ₹ 99
17-Sep-2025 - 19-Sep-2025
₹ 14850.00

/ 150 Shares

VMS TMT LIMITED

17-Sep-2025 - 19-Sep-2025

₹ 94 - ₹ 99

Price Band

₹ 14850.00

Minimum Investment

150

Bid Lot

15,000,000

Shares

  • Face Value - ₹ 10/- Per Share

  • Listing at BSE, NSE

  • 20,000 Application Required in Retail for 1 Time.

  • Registrar : Link Intime India Private Ltd

IPO Details

Category % Shares/Amount
QIB 30% 4,500,000 Shares RS.44.55 CR
HNI 1 5% 1,000,000 Shares RS.9.90 CR @ 476 FORM 1X
HNI 2 15% 2,000,000 Shares RS.18.80 CR @ 952 FORM 1X
Retail 50% 7,500,000 Shares RS.74.25 CR @ 50000 FORM 1X

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
50000 FORM 1X 476 FORM 1X 952 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 150 ₹ 14,850
Retail (Upto 2 Lakh) 13 1950 ₹ 193,050
S-HNI (2 Lakh to 10 Lakh) 14 2100 ₹ 207,900
S-HNI (2 Lakh to 10 Lakh) 67 10050 ₹ 994,950
B-HNI (Above 10 Lakh) 68 10200 ₹ 1,009,800

IPO Timeline

  • Open Date

    17-Sep-2025

  • Close Date

    19-Sep-2025

  • Basis of Allotment Date

    22-Sep-2025

  • Initiation of Refunds

    23-Sep-2025

  • Credit Shares to Demat A/c

    23-Sep-2025

  • IPO Listing Date

    24-Sep-2025

Subscription as on
17-Sep-2025 17:40

Category Book Size Subscription No. of Times
QIB 1,800,000 ₹ 17.82 Cr. 12,760,350 ₹ 126.33 Cr. 7.09x
HNI (<10 LAKH) 1,000,000 ₹ 9.90 Cr. 11,414,550 ₹ 113.00 Cr. 11.41x
HNI2 (>10 LAKH) 2,000,000 ₹ 19.80 Cr. 30,001,050 ₹ 297.01 Cr. 15.00x
RETAIL 3,000,000 ₹ 29.70 Cr. 49,551,150 ₹ 490.56 Cr. 16.52x
Total 7,800,000 103,727,100 13.30x
Category Book Size Subscription No. of Times
QIB 1,800,000 ₹ 17.82 Cr. 12,760,350 ₹ 126.33 Cr. 7.09x
HNI (<10 LAKH) 1,000,000 ₹ 9.90 Cr. 11,414,550 ₹ 113.00 Cr. 11.41x
HNI2 (>10 LAKH) 2,000,000 ₹ 19.80 Cr. 30,001,050 ₹ 297.01 Cr. 15.00x
RETAIL 3,000,000 ₹ 29.70 Cr. 49,551,150 ₹ 490.56 Cr. 16.52x
Total 7,800,000 103,727,100 13.30x

*Excluding Anchor

Total No. of Application Approx : ~274723 (13.74 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • The company was incorporated as 'VMS TMT Pvt. Ltd at Dadra Nagar and Haveli on April 9, 2013. Subsequently, the name was changed to 'VMS TMT Limited', upon conversion into a public limited company in December 2023.
  • The company manufactures Thermomechanically Treated Bars ("TMT Bars") in the steel industry at its facility in Bhayla Village, Ahmedabad, Gujarat, India. It also generates revenue from the sale of allied products, including billets, binding wires, scrap, and other by-products arising during the manufacturing process of TMT Bars.
  • The company has a retail license agreement with Kamdhenu Ltd Ltd., which allows it to market its TMT Bars under the Kamdhenu Brand on a non-exclusive basis within the State of Gujarat (except Saurashtra and Kutch district of Gujarat).
  • The company has a diverse customer base comprising individual house builders, contractors, governmental authorities and industrial customers in a range of industries, including roadways, engineering services, retailers and real estate. As of June 30, 2025 and March 31, 2025, the company has had relationships for more than 3 years with 4 of its top 10 customers.
  • The company has a distribution network, on a non-exclusive basis, comprising 3 distributors and 227 dealers as of July 31, 2025.
  • The company completed the backward integration of its CCM division (in September 2024), which has enabled it to manufacture TMT Bars from scrap, reducing its dependency on billets.
  • The company had a total annual installed capacity of TMT Bars of 2,00,000 MT per annum. The company has received environmental clearance for the manufacturing of TMT Bars with an installed capacity of 30,000 MT per month.
  • The company’s products are compliant with the Bureau of Indian Standards (“BIS”). Further the company is certified with quality management system certificates including ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015.
  • The company’s total income has declined from ?882.06 Cr in FY 2023 to ?771.41 Cr in FY 2025. The company’s EBITDA grew at a CAGR of 44.16%, from ?21.91 Cr in FY 2023 to ?45.53 Cr in FY 2025. Profit After Tax (PAT) increased at a CAGR of 87.42%, from ?4.20 Cr in FY 2023 to ?14.74 Cr in FY 2025. The company’s EBITDA margins grew from 2.48% to 5.91%, while the PAT margins improved from 0.48% to 1.91% between FY 2023 to FY 2025, respectively.
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Strengths

Company Promoters

Company Financials

VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended 30 Jun 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 449.35 412.06 284.23 227.28
Total Income 213.39 771.41 873.17 882.06
Profit After Tax 8.58 15.42 13.47 4.20
EBITDA 19.48 45.53 41.20 21.91
NET Worth 81.77 73.19 46.51 30.84
Reserves and Surplus 47.14 38.56 33.18 18.23
Total Borrowing 309.18 275.72 197.86 162.70
Amount in ? Crore

Objects of the Issue

1 Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company 115.00
2 General corporate purposes

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