VMS TMT Ltd.: The VMS TMT Ltd. IPO is a book-built issue with a total size of ₹148.50 crore. This public offering consists entirely of a fresh issue of 1.50 crore shares. The price band has been set between ₹94 and ₹99 per equity share, each with a face value of ₹10. The company’s shares are slated for listing on both the BSE and NSE exchanges.
VMS TMT Ltd. IPO Overview
VMS TMT Ltd., incorporated in 2013, specializes in the manufacturing of Thermo Mechanically Treated (TMT) bars. The company operates a manufacturing facility in Gujarat and has a strong distribution network. The primary objective of the IPO is to utilize the fresh proceeds to repay some of its existing borrowings and for other general corporate needs. This will help strengthen the company’s balance sheet.
| Details | Descriptions |
|---|---|
| IPO Date | September 17, 2025 to September 19, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,50,00,000 shares (aggregating up to ₹148.50 Cr) |
| 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 |
VMS TMT Ltd. IPO Schedule
The public offering for VMS TMT Ltd. is open for subscription for three days, from September 17 to September 19, 2025. Following the close of the issue, the basis of allotment is expected to be finalized on September 20, 2025. The shares will be credited to investors’ Demat accounts by September 23, 2025, with the final listing scheduled for September 24, 2025, on both the BSE and NSE.
| Details | Description |
|---|---|
| IPO Open Date | Wed, Sep 17, 2025 |
| IPO Close Date | Fri, Sep 19, 2025 |
| Tentative Allotment | Mon, Sep 22, 2025 |
| Initiation of Refunds | Tue, Sep 23, 2025 |
| Credit of Shares to Demat | Tue, Sep 23, 2025 |
| Tentative Listing Date | Wed, Sep 24, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 19, 2025 |
VMS TMT Ltd. IPO Lot Size Details
The VMS TMT Ltd. IPO has a minimum lot size of 150 shares. For a retail investor, the minimum investment required is ₹14,850. The maximum a retail investor can apply for is 13 lots, which corresponds to 1,950 shares, with an investment of up to ₹1,93,050. This structure is designed to facilitate participation from a wide range of individual investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 1 | 150 | ₹14,850 |
| Individual investors (Retail) (Max) | 13 | 1,950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10,050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10,200 | ₹10,09,800 |
VMS TMT Ltd. IPO Allocation
The total issue size of 1.50 crore shares is allocated across different investor categories. A significant portion, 50% of the issue, is reserved for Qualified Institutional Buyers (QIBs). Non-Institutional Investors (NII) are allocated 15% of the shares, while the retail segment has a 35% reservation. This balanced allocation ensures that the offering caters to a diverse set of investors.
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 30.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 20.00% of the Net Issue |
| Retail Shares Offered | Not less than 50.00% of the Net Issue |
VMS TMT Ltd. IPO Promoter Holding
Before the initial public offering, the company’s promoters, which include Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain, collectively held a significant 90.00% stake. After the successful completion of the IPO, their collective shareholding will be diluted to 66.82%. This change reflects the issuance of new shares to public investors.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 96.28% |
| Promoter Holding Post Issue | 67.19% |
Investor Category Reservations
The anchor investor bidding date for the VMS TMT Ltd. IPO was September 16, 2025. The company raised ₹66.60 crore from anchor investors by allocating them 67,27,272 shares. A 30-day lock-in period applies to 50% of the shares from the date of allotment, while the remaining 50% has a 90-day lock-in period.
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs) If applying as RII: Upto Rs. 2 lakhs If applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for Employee and RII/NII |
Overview of VMS TMT Ltd.
The IPO of VMS TMT Limited is a book-belt issue of ₹ 148.50 crore, in which 1.50 crore new equity shares will be issued completely. The objective of this IPO is primarily repay the loans of the company and raise the necessary capital for general corporate purposes. The company has set a price band ₹ 94 to ₹ 99 per share. The IPO will open on September 17, 2025 and will be closed on September 19, 2025, and listed on BSE and NSE. This initiative will help the company to strengthen its financial position and take advantage of future development opportunities.
Company Financials
VMS TMT Ltd. Financial Information (Restated Standalone)
A review of the company’s restated standalone financial information reveals positive growth leading up to the IPO. The company’s revenue from operations saw a significant increase of 258% between March 31, 2024, and March 31, 2025, jumping from ₹9,095.69 lakhs to ₹32,593.59 lakhs. Concurrently, the company’s profit after tax (PAT) also rose sharply by 130%, from ₹1,091.22 lakhs to ₹2,514.80 lakhs.
| Period Ended | 30 Jun 2025 | 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 | 4.20 |
| 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 |
Key Performance Indicator (KPI)
The market cap. of VMS TMT Ltd. IPO is ₹491.35 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | 12.79% |
| Debt/Equity | 6.06 |
| RoNW | 20.14% |
| PAT Margin | 1.91% |
| EBITDA Margin | 5.91% |
| Price to Book Value | 7.43 |
VMS TMT Ltd. Contact Details
- VMS TMT Ltd.
- Survey No 214 Bhayla Village,
- Near Water Tank Bavla,
- Ahmedabad, Gujarat, 382220
- Phone: +91 63575 85711
- Email: compliance@vmstmt.com
- Website: http://www.vmstmt.com/
VMS TMT Ltd. IPO Registrar
Kfin Technologies Ltd.
| Details | Descriptions |
|---|---|
| Phone: | 04067162222, 04079611000 |
| Email: | vtl.ipo@kfintech.com |
| Website: | https://ipostatus.kfintech.com/ |
VMS TMT Ltd. IPO FAQs
How to apply in VMS TMT Ltd. through Zerodha?
You can apply online through your Zerodha account by using the ASBA or UPI payment methods.
When VMS TMT Ltd. will open?
The VMS TMT Ltd. IPO will open on September 17, 2025.
What is the lot size of VMS TMT Ltd.?
The lot size is 150 shares
How to apply for VMS TMT Ltd.?
You can apply online through your bank or a broker using either the UPI or ASBA payment methods.
When is VMS TMT Ltd. allotment
The allotment is expected to be finalized on September 20, 2025.
When is VMS TMT Ltd. listing date?
The tentative listing date is September 24, 2025
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