IPO

VMS TMT Limited IPO

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Iron & Steel Products

Listed On: Sep 24, 2025 at ₹ 104.90(NSE)

₹ 14850 /150 Shares

Check Allotment

17 Sep, 2025

Open Date

19 Sep, 2025

Close Date

22 Sep, 2025

Allotment Date

24 Sep, 2025

Listing Date
Price Summary

Last Closing

68.81 (-30.49%)

52 Week High

105.00

52 Week Low

68.03

Last Update

28-Oct-2025 3:30 PM
VMS TMT IPO Live Subscription Details
View Subscription Details
QIB 120.80x
Retail 47.88x
NIIs 227.09x
BHNI 243.91x
SHNI 193.49x
Retail 47.88x
Total 102.26x
Last updated: 19 Sep 2025, 06:35 PM
VMS TMT IPO Issue Details
  • Issue Price ₹94-99 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 1,50,00,000 shares(aggregating up to ₹148.5 crore)
  • Fresh Share 1,50,00,000 shares(aggregating up to ₹148.5 crore)
  • Listing at BSE, NSE
  • List Price 104.90(NSE)
  • Listing Date 2025-09-24
  • Lead Manager Arihant Capital Markets Limited
  • Registrar Kfin Technologies Limited
Market 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 Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 1150₹14,850
Retail(max)131,950₹1,93,050
SHNI(min) 142,100₹2,07,900
SHNI(max) 6710,050₹9,94,950
BHNI(min) 6810,200₹10,09,800
VMS TMT IPO Reservation

VMS TMT IPO offers total 12300000 shares. Out of which 1800000 (30%) allocated to QIB, 3000000 (20%) allocated to NII,7500000 (50%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
QIB Shares Offered1800000 (30%)
NII (HNI) Shares Offered3000000 (20%)
bNII < ₹10L1999500 (13.33%)
sNII < ₹10L1000500 (6.67%)
Retail Shares Offered7500000 (50%)
Total Shares Offered12300000 (100%)
VMS TMT IPO Documents
DRHP
RHP
ANCHOR
VMS TMT IPO Details


VMS TMT IPO is a book-built issue of ₹148.5 crores, The total issue size is ₹148.5 crores. The IPO of VMS TMT is priced at ₹94-99 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 17, 2025 and ends on Sep 19, 2025. The allotment for VMS TMT IPO will be finalized on Sep 22, 2025. VMS TMT IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 24, 2025. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 150 shares, extendable to 14,850. S-HNIs will be able to bid for 2,100 shares at ₹2,07,900, while B-HNIs can also apply for a bid of 10,200 shares at ₹10,09,800. The book-running lead manager for the IPO is/are Arihant Capital Markets Limited.

The total issue ₹148.5 crore, comprising a fresh issue of 1,50,00,000 shares ₹148.5 crore
The VMS TMT IPO sets its price band at 94-99 for each share. A single application for VMS TMT Limited IPO must contain at least 150 shares. Sentiment investors need to invest a minimum of 150 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,850 In order to participate in the sNII, investors must purchase at least 14 lots of 2,100 shares for ₹2,07,900, while the bNII requires 68 lots of 10,200 shares for an investment of ₹10,09,800.

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VMS TMT IPO Subscription Analysis And Details
Retail
47.85x
QIB
120.80x
NII
227.08x
bNII
243.91x
sNII
193.46x
Total
102.24x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved18,00,00030,00,000
19,99,500    10,00,500		75,00,0001,23,00,000
Day 1 17-09-25 05:00 PM
7.09 x13.78
15.00 x   11.34 x		6.56 x8.40 x
Day 2 18-09-25 05:00 PM
7.47 x37.26
35.12 x   41.53 x		18.99 x21.76 x
Day 3 19-09-25 05:00 PM
120.80 x227.08
243.91 x   193.46 x		47.85 x102.24 x
Total No of Applications
21,37,415
Subscription on the basis of Applications
Retail:41.0x BHNI:49x SHNI:187.0x
VMS TMT Valuations
EPS Pre IPO ₹4.45/-
EPS Post IPO ₹6.91/-
P/E Pre IPO 22.24
P/E Post IPO 14.32
ROCE 12.79%
Debt/Equity 6.06
RoNW 20.14%
PAT Margin 1.91%
Price to Book Value 7.43
VMS TMT Company Financials
In Crs.
In Cr.
30-Jun-2531-Mar-2531-Mar-2431-Mar-23
Assets449.35412.06284.23227.28
Revenue213.39771.41873.17882.06
Profit After Tax8.5815.4213.474.20
Net Worth81.7773.1946.5130.84
Reserves & Surplus47.1438.5633.1818.23
Total Borrowing309.18275.72197.86162.70
About VMS TMT Company

Incorporation in the year 2013, VMS TMT Limited is mainly involved in the production of Thermo Mechanically Treated Bars (TMT Bars). Scrap and binding wires are also dealt with by the company, which are marketed in Gujarat and other states.The manufacturing unit of the company is conveniently located at Bhayla Village, near Bavla in Ahmedabad district, Gujarat, facilitating easy distribution of products.

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VMS TMT - Promoter(s)

Varun Manojkumar Jain

Rishabh Sunil Singhi

Manojkumar Jain

Sangeeta Jain

Pre Issue Share Holding : 96.28%

Post Issue Share Holding : 67.19%

VMS TMT IPO - Issue Objectives
1

Funding capital expenditure for setting up of the Solar Power Plant.

2

Funding long-term working capital requirements of the Company.

3

Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.

4

General corporate purposes.

VMS TMT IPO - Anchor Investors

Anchor investors acquire 27 lakh shares for Rs 26.73 crore ahead of VMS TMT IPO.

Investors that participated in the anchor book on Monday were Saint Capital Fund, Maybank Securities Pte, Astrone Capital, Chanakya Opportunities Fund, and Vbcube Ventures Fund.

Contact Details

VMS TMT

Survey No 214 Bhayla Village, Near Water Tank Bavla, Ahmedabad Ahmedabad, Gujarat, 382220

+91 63575 85711

compliance@vmstmt.com

https://vmstmt.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

vtl.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/