| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹148.50 Cr |
| Fresh Issue | ₹148.50 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน94.00-99.00 per share |
| BSE Code | 544521 |
| NSE Code | VMSTMT |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Arihant Capital Markets Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 150 shares and in multiples thereof
Incorporation in 2013, VMS TMT Limited is primarily engaged in the manufacturing of Thermo Mechanically Treated Bars (TMT Bars). The company also deals in scrap and binding wires, which are sold within Gujarat and other states.
The company's manufacturing facility is strategically located in Bhayla Village, near Bavla in Ahmedabad district, Gujarat, allowing easy distribution of products.
VMS TMT Limited operates through a distribution network on a non-exclusive basis. As of July 31, 2025, the company has:
This network enables the company to efficiently supply its products to customers across Gujarat and other states.
On November 7, 2022, VMS TMT Limited entered into a retail license agreement with Kamdhenu Limited. This agreement allows the company to market its TMT Bars under the brand name ‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat.
The company is supported by an experienced and professional management team along with a workforce of 230 permanent employees as of July 31, 2025.
The company has primarily focused its sales efforts on Tier II and Tier III cities. Over the last three fiscal years, the company has generated a significant portion of its revenue from Gujarat:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 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 | 20.65 |
| 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 | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 12.79% |
| Debt / Equity | 3.77% |
| RoNW | 20.14% |
| PAT Margin | 1.91% |
| EBITDA Margin | 5.91% |
| Price to Book Value | 7.43 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 4.45 | 6.91 |
| P/E (x) | 22.24 | 14.32 |
| Promoter Holding | 96.28% | 67.19% |
| Market Cap | โน491.35 Cr. | |