VMS TMT IPO Date, Review, Price, Details
VMS TMT IPO will open on September 17, 2025, and close on September 19, 2025. It is a book-built issue aiming to raise around ₹148.50 crores through a fresh issue of shares. The IPO price band is set between ₹94 and ₹99 per share. The allocation is divided as 50% for retail investors, 30% for qualified institutional buyers (QIB), and 20% for high net-worth individuals (HNI). The shares will be listed on BSE and NSE on September 24, 2025, with allotment finalized on September 22, 2025.
The company reported revenues of ₹771.41 crores in 2025 compared to ₹873.17 crores in 2024, and profits rose to ₹15.42 crores in 2025 from ₹13.47 crores in 2024.
VMS TMT IPO Market Lot size
The VMS TMT IPO minimum market lot is 150 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 1,950 shares of ₹1,93,050 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 150 | ₹14,850 |
Retail Maximum | 13 | 1,950 | ₹1,93,050 |
S-HNI Minimum | 14 | 2,100 | ₹2,07,900 |
B-HNI Minimum | 68 | 10,200 | ₹10,09,800 |
VMS TMT IPO Details
IPO Open Date: | September 17, 2025 |
IPO Close Date: | September 19, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹94 to ₹99 Per Share |
Issue Size: | Approx ₹148.50 Crores |
Fresh Issue: | Approx ₹148.50 Crores |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
QIB Shares Offered | Not more than 30% |
NII Shares Offered | Not more than 20% |
Retail Shares Offered | Not more than 50% |
VMS TMT IPO Valuation – FY2025 (KPI)
Check VMS TMT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 20.14% |
ROCE: | 12.79% |
EBITDA Margin: | 5.91% |
PAT Margin: | 1.91% |
Debt to equity ratio: | 6.06 |
Earning Per Share (EPS): | ₹4.29 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 20.14% |
Net Asset Value (NAV): | ₹13.32 |
VMS TMT IPO Company Financial Report
The company reported revenue of ₹771.41 crores in 2025 against ₹873.17 crores in 2024. The company reported profit of ₹15.42 crores in 2025 against profit of ₹13.47 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | PAT | Assets |
2023 | ₹882.06 | ₹876.51 | ₹4.20 | ₹227.28 |
2024 | ₹873.17 | ₹853.87 | ₹13.47 | ₹284.23 |
2025 | ₹771.41 | ₹751.32 | ₹15.42 | ₹412.06 |
June 2025 | ₹213.39 | ₹201.91 | ₹8.58 | ₹449.35 |
VMS TMT IPO Dates
The VMS TMT IPO date is September 17 and the close date is September 19. The VMS TMT IPO allotment will be finalized on September 22 and the IPO listing on September 24.
IPO Open Date: | September 17, 2025 |
IPO Close Date: | September 19, 2025 |
Basis of Allotment: | September 22, 2025 |
Refunds: | September 23, 2025 |
Credit to Demat Account: | September 23, 2025 |
IPO Listing Date: | September 24, 2025 |
IPO Bidding Cut-off Time: | September 19, 2025 – 5 PM |
Promoters of Urban Company IPO
The promoters of the company are Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain.
About VMS TMT IPO
VMS TMT Ltd, founded in 2013, manufactures Thermo Mechanically Treated (TMT) Bars primarily serving retail and institutional customers in Gujarat, excluding Saurashtra and Kutch. As of July 31, 2025, the company distributes products through three distributors and 227 dealers. The company emphasizes sustainability, environmental safety, quality, and employee health.
Promoted by experienced individuals Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain, who cumulatively bring over 30 years of steel industry experience, VMS TMT also employs around 230 permanent staff. Unique strengths include the use of renewable energy to control costs and produce raw materials in-house, enhancing cost efficiency and supply chain reliability.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Kamdhenu Limited | 2.18 | 13.50 | 18.82 | 11.66 | 757.95 Cr. |
Vraj Iron and steel limited | 13.55 | 11.77 | 10.88 | 116.53 | 478.86 Cr. |
BMW Industries Limited | 2.83 | 16.57 | 9.16 | 30.84 | 566.43 Cr. |
Electrotherm (India) Limited | 336.42 | 2.37 | (377.85) | (89.01) | 4,122.92Cr. |
Merchant Bankers
- Arihant Capital Markets Ltd.
Company Address
VMS TMT Ltd.
Survey No 214 Bhayla Village,
Near Water Tank Bavla,
Ahmedabad
Ahmedabad, Gujarat, 382220
Phone: +91 63575 85711
Email: [email protected]
Website: http://www.vmstmt.com/
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Check Grey market premium at below
(GMP)