VMS TMT Ltd. IPO
VMS TMT IPO is a book-built issue with a total size of ₹148.50 crore. The entire issue consists of a fresh issue of 1.50 crore equity shares, aimed at strengthening the company’s balance sheet ...
The basis of allotment is expected to be finalised on September 22, 2025, and the shares are likely to be listed on the BSE and NSE Main Board on September 24, 2025. The price band for the issue is set between ₹94 and ₹99 per share, offering investors entry at different levels.
The minimum application size is 150 shares, making the minimum investment for retail investors ₹14,850 at the upper band. For sHNI investors, the minimum lot size is 14 lots (2,100 shares), amounting to ₹2,07,900, while for bHNI investors it is 68 lots (10,200 shares), amounting to ₹10,09,800.
Arihant Capital Markets Ltd. is acting as the book running lead manager, while KFin Technologies Ltd. has been appointed as the registrar to the issue.
Read moreIPO Timeline
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17 Sep 2025Bidding Starts
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19 Sep 2025Bidding Ends
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22 Sep 2025Allotment Finalization
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23 Sep 2025Refund Date
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23 Sep 2025Demat Date
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24 Sep 2025Listing Date
VMS TMT Ltd. IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2023 | 227.28 Cr | 882.06 Cr | 4.20 Cr |
| 31 Mar 2024 | 284.23 Cr | 873.17 Cr | 13.47 Cr |
| 31 Mar 2025 | 412.06 Cr | 771.41 Cr | 15.42 Cr |
| 31 June 2025 | 449.35 Cr | 213.39 Cr | 8.58 Cr |
About VMS TMT Ltd. IPO
About VMS TMT Limited
Incorporated in 2013, VMS TMT Limited is primarily engaged in the production of Thermo Mechanically Treated (TMT) bars, which are widely used in the constr
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The company’s manufacturing facility is located at Bhayla Village, near Bavla in the Ahmedabad district, Gujarat. This strategic location gives it strong logistical advantages for distribution across the region. To expand its market presence, VMS TMT entered into a retail license agreement with Kamdhenu Limited in November 2022, allowing it to sell TMT bars under the brand name “Kamdhenu NXT” within Gujarat.
VMS TMT operates through a distribution network comprising 3 distributors and 227 dealers as of July 31, 2025. This network helps the company efficiently deliver products across Tier II and Tier III cities, which form its primary customer base. The company has also demonstrated strong reliance on Gujarat for its revenue, with more than 98% of sales coming from the state over the past three fiscal years.
As of July 31, 2025, the company employed 230 permanent staff members, supported by an experienced management team. With a focus on strengthening its brand and improving operational efficiency, VMS TMT is working to expand its reach beyond Gujarat while continuing to build on its strong regional foundation.
Read moreVMS TMT IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to utilise ₹4,640 lakhs from the Net Proceeds to establish a solar power plant at Village Zenta, Tharad Taluka, Banaskantha District, Gujarat.
- An estimated ₹3,000 lakhs will be allocated towards strengthening the company’s working capital base.
- Around ₹1,100 lakhs from the proceeds will be used to repay or prepay, in full or part, selected loans availed by the company.
- A portion of the Net Proceeds (not exceeding 25% of gross proceeds) will be set aside for general corporate purposes. This may include strategic initiatives, brand building, administrative expenses, and other growth-related requirements.
VMS TMT IPO Promoter Holding
The promoters of VMS TMT Limited are Mr. Varun Manojkumar Jain, Mr. Rishabh Sunil Singhi, Mr. Manojkumar Jain, and Ms. Sangeeta Jain.
Share Holding Pre-Issue
96.28%
Share Holding Post Issue
67.19%
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
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