VMS TMT IPO
VMS TMT IPO
Overview
VMS TMT IPO is a book build issue of ₹148.50 crores. The issue is entirely a fresh issue of 1.50 crore shares of ₹148.50 crore. VMS TMT IPO opens for subscription on Sep 17, 2025 and closes on Sep 19, 2025. The allotment for the VMS TMT IPO is expected to be finalized on Sep 22, 2025. VMS TMT IPO will list on BSE, NSE with a tentative listing date fixed as Sep 24, 2025. VMS TMT IPO price band is set at ₹94.00 to ₹99.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹14,850 (150 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,100 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (10,200 shares), amounting to ₹10,09,800.
Total Shares
1,50,00,000
Issue Size
₹148.50 Cr
Price Band
₹94 – ₹99
Lot Size
150 shares
Min. Investment
₹14,850
Max. Investment
₹1,93,050
Open Date
17 Sep, 2025
Close Date
19 Sep, 2025
Allotment
22 Sep, 2025
Listing
24 Sep, 2025
Max. Investment
₹1,93,050
Announced
17 Sep, 2025
Opening Date
17 Sep, 2025
Closing Date
19 Sep, 2025
Basis of Allotment
22 Sep, 2025
Initiation of Refunds
23 Sep, 2025
Credit of Shares
23 Sep, 2025
Listing Date
24 Sep, 2025
Live GMP
Est. Listing: ₹115
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About VMS TMT IPO
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.
Distribution Network:
VMS TMT Limited operates through a distribution network on a no
VMS TMT IPO Share Price
Issue Breakdown
Shareholding
Dilution: 43.3% increase in shares
VMS TMT IPO Promoters Holding
VMS TMT IPO Financial Health
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.
VMS TMT IPO Lot Size
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10200 | ₹10,09,800 |
(All values in CR)
VMS TMT IPO Valuations
The market capitalization of VMS TMT IPO is ₹491.35 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROCE | 12.79 |
| Debt/Equity 6.06 | 6.06 |
| RoNW | 20.14 |
| PAT Margin | 1.91 |
| EBITDA Margin | 5.91 |
| Price to Book Value | 7.43 |
(All values in CR)
VMS TMT IPO Strength & Risk
VMS TMT IPO Strength:
Established manufacturer of TMT bars with strong operations in Gujarat.
Proven production capacity with consistent output.
Brand association with Kamdhenu boosting credibility and market reach.
Plans for backward integration to reduce dependency on raw materials.
Well-spread dealer and distributor network supporting sales growth.
IPO proceeds aimed at reducing debt and strengthening financial position.
VMS TMT IPO Risk:
Dependence on raw material suppliers with high price volatility.
Revenue heavily concentrated in Gujarat region.
Thin and sensitive profit margins vulnerable to cost pressures.
Intense competition from large organized players and local producers.
Execution risk in backward integration and expansion projects.
Business dependent on construction and infrastructure sector cycles.
Significant borrowings may continue to weigh on financials.
VMS TMT IPO Subscriptions Status
VMS TMT IPO subscribed 21.76 times. The public issue subscribed 18.99 times in the retail category, 7.47 times in QIB (Ex Anchor), and 37.26 times in the NII category by September 18, 2025 5:04:40 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| QIB (Ex Anchor) | 7.47 | 18,00,000 | 1,34,47,950 | 133.13 |
| Non-Institutional Buyers | 37.26 | 30,00,000 | 11,17,77,000 | 1 |
| bNII (bids above ₹10L) | 35.12 | 19,99,500 | 7,02,27,600 | 695.25 |
| sNII (bids below ₹10L) | 41.53 | 10,00,500 | 4,15,49,400 | 411.34 |
| Retail | 18.99 | 75,00,000 | 14,24,18,400 | 1 |
| Total | 21.76 | 1,23,00,000 | 26,76,43,350 | 2 |
VMS TMT IPO GMP
VMS TMT IPO last GMP is ₹16, last updated Sep 18th 2025 04:31 PM. With the price band of 99.00, VMS TMT IPO's estimated listing price is ₹115 (cap price + today's GMP).The expected percentage gain/loss per share is 16.16%. >> VMS TMT IPO Retail Subject to Sauda: ₹1800 >> VMS TMT IPO Small HNI Subject to Sauda: ₹25200 The lowest GMP is ₹0.00, while the highest GMP is ₹23.00.
Last updated 18 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 18 Sep, 2025 | 99 | ₹16▼ | 1800/25200 | ₹115 (16.16%) | 2400 | 18 Sep, 2025 |
| 17 Sep, 2025 | 99 | ₹22▼ | 2500/35000 | ₹121 (22.22%) | 3300 | 17 Sep, 2025 |
| 16 Sep, 2025 | 99 | ₹23 | 2600/36400 | ₹122 (23.23%) | 3450 | 16 Sep, 2025 |
| 15 Sep, 2025 | 99 | ₹23▲ | 2600/36400 | ₹122 (23.23%) | 3450 | 15 Sep, 2025 |
| 14 Sep, 2025 | 99 | ₹20▲ | 2300/32200 | ₹119 (20.20%) | 3000 | 14 Sep, 2025 |
| 13 Sep, 2025 | 99 | ₹18▲ | 2100/29400 | ₹117 (18.18%) | 2700 | 13 Sep, 2025 |
| 12 Sep, 2025 | 99 | ₹10▲ | 1100/15400 | ₹109 (10.10%) | 1500 | 12 Sep, 2025 |
| 11 Sep, 2025 | 99 | ₹0 | - | ₹ (%) | - | 11 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for VMS TMT IPO
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Go to IPO Section
Find VMS TMT IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.