VMS TMT Limited – IPO
VMS TMT Limited – IPO Details
| IPO Date | September 17, 2025 to September 19, 2025 |
| Listing Date | September 24, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 94 to ₹ 99 / Share |
| Lot Size | 150 Shares |
| Total Issue Size | 1,50,00,000 shares (Aggregating up to ₹148.50 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 3,46,31,210 shares |
| Share holding post issue | 4,96,31,210 shares |
| Market Maker portion |
VMS TMT Limited Timeline (Tentative Schedule)
VMS TMT Limited IPO opens on September 17, 2025, and closes on September 19, 2025.
| IPO Open Date | September 17, 2025 |
| IPO Close Date | September 19, 2025 |
| Basis of Allotment | September 22, 2025 |
| Initiation of Refunds | September 23, 2025 |
| Credit of Shares to Demat | September 23, 2025 |
| Listing Date | September 24, 2025 |
| Cut-off time for UPI mandate confirmation | September 19, 2025 |
VMS TMT Limited IPO Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | Rs.14,850 |
| Retail (Max) | 13 | 1,950 | Rs.193,050 |
| S-HNI (Min) | 14 | 2,100 | Rs.207,900 |
| S-HNI (Max) | 67 | 10,050 | Rs.994,950 |
| B-HNI (Min) | 68 | 10,200 | Rs.1,009,800 |
| HNI (Min) |
VMS TMT Limited IPO Promoter Holding
| Share Holding Pre Issue | 96.28% |
| Share Holding Post Issue | 67.19% |
VMS TMT Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 30% |
|
| NII (HNI) Shares Offered | Not less than 20% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 50% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
VMS TMT Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About VMS TMT Limited
Acquisition in 2013, VMS TMT Limited is mainly involved in the production of Thermo Mechanically Treated Bars (TMT Bars). The company also deals in binding wire and scrap, which are retailed within Gujarat and other states.
The manufacturing unit of the company is strategically situated in Bhayla Village, close to Bavla in the Ahmedabad district, Gujarat, for easy product distribution.
Distribution Network:
VMS TMT Limited deals through a distribution network on a non-exclusive basis. As of July 31, 2025, there are:
3 distributors
227 dealers
This network helps the company supply its products to customers efficiently in Gujarat and other states.
Retail License Agreement:
On 7th November, 2022, VMS TMT Limited signed a retail license agreement with Kamdhenu Limited. This gives the company the right to sell its TMT Bars under the brand name 'Kamdhenu NXT' on mutually agreed terms in the State of Gujarat.
Workforce:
The company is serviced by professional and experienced management as well as a permanent workforce of 230 as of 31st July, 2025.
Revenue Focus:
The firm has concentrated its sales mainly in Tier II and Tier III cities. In the past three financial years, the firm has derived a considerable percentage of its revenues from Gujarat:
Fiscal 2024: 98.78% of revenue from Gujarat
Fiscal 2023: 98.43% of revenue from Gujarat
Fiscal 2022: 99.19% of revenue from Gujarat
Key Performance Indicator
The market capitalization of the VMS TMT IPO is ₹491.35 Cr.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 12.79% |
| Debt/Equity | 6.06 |
| RoNW | 20.14% |
| P/BV | 7.43 |
| PAT Margin (%) | 1.91% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.45 | 6.91 |
| P/E (x) | 22.24 | 14.32 |
Note:
- The Pre IPO EPS is calculated based on Pre-IPO shareholding as on the date of RHP and the latest FY earnings as of March 31, 2025, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2025, that is available in RHP.
Objects of the Issue (VMS TMT Limited IPO Objectives)
VMS TMT Limited Contact Details
VMS TMT Ltd. Survey No 214 Bhayla Village, Near Water Tank Bavla, Ahmedabad Ahmedabad, Gujarat, 382220 Phone: +91 63575 85711 Email: [email protected] Website: http://www.vmstmt.com/ |
VMS TMT Limited IPO Registrar
Kfin Technologies Ltd. Phone: 04067162222, 04079611000 Email: [email protected] Website: https://ipostatus.kfintech.com/ |