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VMS TMT IPO

  • Status: Closed
  • RHP:
  • ₹ 14,100 / 150 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    24 Sep 2025

  • Listing Price

    ₹105.00

  • Listing Change

    6.06%

  • Last Traded Price

    ₹53.70

VMS TMT IPO Details

  • Open Date

    17 Sep 2025

  • Close Date

    19 Sep 2025

  • Listing Date

    24 Sep 2025

  • IPO Price Range

    ₹ 94 to ₹99

  • IPO Size

    ₹ 148.50 Cr

  • Listing Exchange

    BSE NSE

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Timeline Financials SWOT FAQ Contacts

VMS TMT IPO Timeline

VMS TMT IPO Subscription Status

Last Updated: 29 September 2025 3:07 PM by 5paisa

VMS TMT Limited, launching a ₹148.50 Cr IPO, is engaged in manufacturing Thermo Mechanically Treated (TMT) Bars, along with scrap and binding wires, which are sold across Gujarat and other states. Its manufacturing facility in Bhayla Village, near Bavla in Ahmedabad district, offers a strategic location for smooth distribution. Operating through a non-exclusive network of 3 distributors and 227 dealers as of 31 July 2025, the company ensures efficient product supply to a wide customer base.
 
Established in: 2013
Managing Director:  Mr. Varun Manojkumar Jain
 

Peers:

Name of the company VMS TMT
Limited		 Kamdhenu
Limited		 Vraj Iron and
steel limite		 BMW
Industries
Limited		 Electrothm
(India)
Limited
Face
value
per
equity
share
(₹)		 10.00 10.00 10.00 10.00 10.00
Total
income
( ₹ in CR)		 771.41 757.95 478.86 566.43 4122.92
Diluted EPS
(₹)		 4.29 2.18 13.55 2.83 336.42
NAV
(₹ per
share)		 13.32 11.66 116.53 30.84 -89.01
P/E [●] 13.50 11.77 16.57 2.37
CMP (₹) [●] 29.43 159.45 46.88 797.35
RoNW
(%)		 20.14 18.82 10.88 9.16 -377.85


 

VMS TMT Objectives

The company will repay or prepay certain borrowings worth ₹115.00 crores.
Remaining funds will support general corporate purpose needs.
 

VMS TMT IPO Size

Types Size
Total IPO Size ₹148.50 Cr
Offer For Sale -
Fresh Issue ₹148.50 Cr

VMS TMT IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 150 14,100
Retail (Max) 13 1,950 1,83,300
S-HNI (Min) 14 2,100 1,97,400
S-HNI (MAX) 67 10,050 9,44,700
B-HNI (Min) 68 10,200 9,58,800

VMS TMT IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB (Ex Anchor) 120.80 18,00,000 21,74,44,650 2,152.70
NII (HNI) 227.08 30,00,000 68,12,46,450 6,744.34
bNII (bids above ₹10L) 243.91 19,99,500 48,76,92,900 4,828.16
 sNII (bids below ₹10L) 193.46 10,00,500 19,35,53,550 1,916.18
Retail Investors 47.85 75,00,000 35,88,96,150 3,553.07
Total** 102.24 1,23,00,000 1,25,75,87,250 12,450.11

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 882.01 872.96 779.19
EBITDA 21.91 41.20 45.53
PAT 4.20 13.47 14.74
Particulars (in Rs. Crores)] FY23 FY24 FY25
Total Assets 227.28 284.23 412.06
Share Capital 12.61 13.34 34.63
Total Borrowings 162.70 197.86 275.72
Particulars (in Rs. Crores FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities -11.35 37.34 -17.94
Net Cash Generated From / (used in) investing activities -26.97 -50.02 -55.18
Net Cash Generated From / (used in) financing activities 40.51 18.56 65.92
Net Increase (Decrease) In Cash And Cash Equivalents 2.19 5.88 -7.20


Strengths

1. Strategic plant location enabling smooth product distribution.
2. Established dealer network with 227 active partners.
3. Diverse product portfolio including TMT bars, wires.
4. Strong regional presence across Gujarat and nearby states.
 

Weaknesses

1. Heavy reliance on non-exclusive distributor network.
2. Limited geographic reach beyond regional markets.
3. Exposure to raw material price fluctuations.
4. Smaller scale compared to major national competitors.
 

Opportunities

1. Rising demand for TMT bars in construction.
2. Expansion potential into untapped Indian states.
3. Infrastructure growth driving increased steel consumption.
4. Possibility to strengthen brand through marketing initiatives.
 

Threats

1. Intense competition from larger integrated steel players.
2. Regulatory changes affecting steel manufacturing operations.
3. Volatility in scrap and steel input prices.
4. Economic slowdown may reduce construction sector demand.
 

1. Strategically located facility ensuring efficient market distribution.
2. Established network of 3 distributors and 227 dealers.
3. Growing demand for TMT bars across India.
4. Strong opportunity to expand into new regional markets.
 

India’s construction and infrastructure sector is witnessing steady growth, driving strong demand for steel products, particularly TMT bars. With rising urbanisation, government focus on infrastructure, and increasing housing projects, the industry offers significant opportunities. VMS TMT, with its strategically located facility and established distribution network, is well positioned to capitalise on this demand. The company’s presence across Gujarat and neighbouring states enhances its growth potential in a competitive market.
 

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FAQs

VMS TMT IPO opens from September 17, 2025 to September 19, 2025.

The size of VMS TMT IPO is ₹148.50 Cr.
 

The price band of VMS TMT IPO is fixed at ₹94 to ₹99 per share.
 

To apply for VMS TMT IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the VMS TMT  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of VMS TMT IPO is of 150 shares and the investment required is ₹14,850.
 

The share allotment date of VMS TMT IPO is September 22, 2025.
 

The VMS TMT IPO will likely be listed on September 24, 2025.

Arihant Capital Markets Ltd is the book running lead manager for VMS TMT IPO.

VMS TMT plans to utilise the raised capital from the IPO for:
● The company will repay or prepay certain borrowings worth ₹115.00 crores.
● Remaining funds will support general corporate purpose needs.