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

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

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to InvestoYard.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with InvestoYard, in just a few clicks your application is processed. You can bid for any IPO through InvestoYard, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
  • You can apply at the cut off price set by the company or bid for a desired amount within the price band.
  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on InvestoYard’s IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
  • If the share aren’t allotted the blocked funds will reflect back into your account.

Frequently Asked Questions

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