VMS TMT IPO Price, Date, GMP, Review, Details
The Indian IPO market is witnessing a flurry of activity, particularly in the SME segment, and one of the latest companies to grab the spotlight is VMS TMT Limited. As a manufacturer of Thermo Mechanically Treated (TMT) bars, the company's public offering has garnered significant investor interest. This blog post provides a complete and detailed review of the VMS TMT IPO, breaking down its financials, key dates, pricing, and potential for listing gains.
About VMS TMT Limited
VMS TMT is a Gujarat-based company primarily engaged in the manufacturing of TMT bars, which are crucial for the construction and infrastructure sectors. The company's manufacturing facility in Bhayla village near Ahmedabad has an installed capacity of 200,000 metric tonnes annually. In addition to TMT bars, VMS TMT also sells billets, binding wires, and scrap. The company has a retail license agreement to market its TMT bars under the well-known Kamdhenu brand in Gujarat (excluding certain regions), leveraging a strong distribution network of over 200 dealers.
VMS TMT IPO Details
The VMS TMT IPO is a book-built issue of ₹148.5 crore. The entire issue is a fresh issue of 1.5 crore equity shares, which means that the company will receive all the proceeds from the IPO. This capital infusion is a positive sign as it will be used for specific business purposes, strengthening the company's financial position.
Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for the following key purposes:
- Repayment or prepayment of certain borrowings amounting to ₹115 crore, which will significantly reduce the company's debt burden.
- Funding general corporate purposes.
VMS TMT IPO Date and Price
The IPO has been a highly anticipated event. Here are the crucial dates and pricing information for investors:
Key Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 17, 2025 |
| IPO Close Date | September 19, 2025 |
| Basis of Allotment Finalization | September 22, 2025 |
| Initiation of Refunds | September 23, 2025 |
| Credit of Shares to Demat Account | September 23, 2025 |
| IPO Listing Date | September 24, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Price Band | ₹94 to ₹99 per equity share |
| Face Value | ₹10 per share |
| Minimum Lot Size (Retail) | 150 shares |
| Minimum Investment (Retail) | ₹14,850 (at the upper price band) |
Financial Performance and GMP
VMS TMT's financials show a mixed but promising picture. While the company's revenue from operations saw a decline from FY24 to FY25, its profit after tax (PAT) has shown consistent growth. This improvement in profitability is a key strength for the company. The Grey Market Premium (GMP) has been a major highlight, indicating strong market sentiment. With the IPO's price band and the recent GMP, the stock is expected to list at a healthy premium, potentially offering good listing gains for investors.
VMS TMT IPO Allotment Status
The allotment for the VMS TMT IPO is expected to be finalized on September 22, 2025. The registrar for this issue is KFin Technologies Ltd. You can check the allotment status on the registrar's official website using your PAN number or application number. The shares will be credited to the demat accounts of successful applicants on September 23, 2025.
Frequently Asked Questions (FAQs)
VMS TMT is a manufacturer of TMT bars and also deals in billets, binding wires, and scrap. Its primary market is the state of Gujarat.
The price band for the VMS TMT IPO has been set at ₹94 to ₹99 per equity share.
A retail investor can apply for a minimum of one lot, which consists of 150 shares, with a minimum investment of ₹14,850.
You can check your allotment status on the website of the registrar, KFin Technologies Ltd., after the allotment is finalized on September 22, 2025.
The shares are tentatively scheduled to be listed on both BSE and NSE on September 24, 2025.
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