September 12, 2025
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VMS TMT IPO Details
VMS TMT IPO is coming to the capital market with a fresh issue of 1.50 crore equity shares through the book-building route. The issue will open for subscription on 17 September 2025 and close on 19 September 2025. Basis of allotment is likely on 22 September 2025, and the shares are proposed to be listed on BSE and NSE with a tentative listing date of 24 September 2025.
The IPO is managed by Arihant Capital Markets Ltd. as BRLM, with Kfin Technologies Ltd. acting as registrar.
The price band has been fixed at [ ] to [ ] per share.
Table of Contents
VMS TMT IPO Key Dates
| Anchor portion | |
| IPO opens on | 17 Sept 2025 |
| IPO Closes on | 19 Sept 2025 |
| IPO Allotment on | 2 Sept 2025 |
| Unblocking of Asba | 23 Sept 2025 |
| Credit of Shares | 23 Sept 2025 |
| Listing of Shares | 24 Sept 2025 |
Who are the promoters of VMS TMT IPO?
Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain are the company promoters
The promoters hold 96.28% shares in the post IPO capital of the company.
What are the Objects of VMS TMT IPO?
The Offer comprises a Fresh Issue by the Company.
The net proceeds of the Offer are proposed to be utilised in the following manner:
+Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company Rs. 115 Crore
+General Corporate Purposes
What is the business of VMS TMT?
VMS TMT IPO Details
| IPO opens on | 17 September 2025 |
| IPO closes on | 19 September 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 150,00,000 Shares / Rs ? Crore |
| * Fresh Issue | Rs ? Crore |
| * Offer for Sale | Rs -Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. – per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
How are the shares offered in VMS TMT IPO?
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 30% of the Net Offer |
| Retail Shares Offered | Not more than 50% of the Net Offer |
| NII Shares Offered | Not more than 20% of the Net Offer |
How can the shares be applied in VMS TMT IPO?
VMS TMT IPO allotment Status
Allotment of this IPO will be announced on 22 September 2025 and the link to check allotment is given below:
https://ipostatus.kfintech.com/
| Registered Office of the company VMS TMT Ltd. Survey No 214 Bhayla Village, Near Water Tank Bavla, Ahmedabad Ahmedabad, Gujarat, 382220 Email: compliance@vmstmt.com |
|
| Who is the Lead Manager of VMS TMT IPO? Arihant Capital Markets ltd |
|
| Registrar to IPO | |
| Kfin Technologies Limited |
VMS TMT IPO Financial Snapshot
| Period Ended | 30-Jun-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| 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 | 4.2 |
| EBITDA | 19.48 | 45.53 | 41.2 | 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 | 162.7 |
| Amount in Rs. Crore | ||||
Key Performance Indicators
| KPI | Values |
| ROCE | 12.79% |
| Debt/Equity | 6.06 |
| RoNW | 20.14% |
| PAT Margin | 1.91% |
| EBITDA Margin | 5.91% |
| EPS | 4.45% |
| PE R |
How VMS TMT IPO compares with the Peers?
Peer Comparison.
| Company Name | P/E (x) | RoNW (%) |
| VMS TMT | 20.14 | |
| Kamdhenu | 13.5 | 18.82 |
| Vraj Iron and steel | 11.77 | 10.88 |
| BMW Industries | 16.57 | 9.16 |
| Electrotherm (India) | 2.37 | -377.85 |
VMS TMT IPO Condensed Review by Paresh Gordhandas, CA & Research Analyst
VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars, a key input for construction and infrastructure projects. The company also trades in scrap and binding wires, with distribution spread across Gujarat and other states. It markets TMT bars under its own brand as well as under the licensed brand ‘Kamdhenu NXT’ in Gujarat.
IPO Opens: 17 September 2025
IPO Closes: 19 September 2025
Basis of Allotment: 22 September 2025
Listing Date (Tentative): 24 September 2025
Stock Exchange: BSE & NSE
VMS TMT IPO dates
VMS TMT IPO price & Lot
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