VMS TMT IPO: Date, Price, Review and Details
15 September 2025 · Sachin Gadekar
Everything you need to know about the upcoming VMS TMT IPO — dates, price band, lot size, company financials, and review.
Introduction
The VMS TMT IPO is set to hit the markets soon, attracting attention from retail and institutional investors alike. With a book-built issue size of ₹148.50 crore, this IPO represents a fresh equity offering of 1.50 crore shares. Investors are keenly awaiting its subscription window, which opens on September 17, 2025, and closes on September 19, 2025.
In this article, we will decode everything you need to know about the IPO — including its price band, lot size, tentative listing details, company background, financials, and a review to help investors make informed decisions.
VMS TMT IPO Details
| Particulars | Details |
|---|---|
| IPO Date | September 17, 2025 – September 19, 2025 |
| Listing Date | September 24, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price Band | ₹94 – ₹99 per share |
| Lot Size | 150 shares |
| Issue Size | 1.50 crore shares (₹148.50 Cr) |
| Type | Book Building IPO |
| Listing At | NSE, BSE |
| Pre-Issue Shares | 3,46,31,210 |
| Post-Issue Shares | 4,96,31,210 |
VMS TMT IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | September 17, 2025 |
| IPO Close Date | September 19, 2025 |
| Allotment Finalization | September 22, 2025 |
| Refund Initiation | September 23, 2025 |
| Demat Credit of Shares | September 23, 2025 |
| Listing Date | September 24, 2025 |
| UPI Mandate Cut-off | 5 PM, September 19, 2025 |
VMS TMT IPO Lot Size & Investment
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1,950 | ₹1,93,050 |
| S-HNI (Min) | 14 | 2,100 | ₹2,07,900 |
| S-HNI (Max) | 67 | 10,050 | ₹9,94,950 |
| B-HNI (Min) | 68 | 10,200 | ₹10,09,800 |
VMS TMT Financial Performance
| Period Ended | Assets (₹ Cr) | Total Income (₹ Cr) | Profit After Tax (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) | Total Borrowing (₹ Cr) |
|---|---|---|---|---|---|---|
| 30 Jun 2025 | 449.35 | 213.39 | 8.58 | 19.48 | 81.77 | 309.18 |
| 31 Mar 2025 | 412.06 | 771.41 | 15.42 | 45.53 | 73.19 | 275.72 |
| 31 Mar 2024 | 284.23 | 873.17 | 13.47 | 41.20 | 46.51 | 197.86 |
| 31 Mar 2023 | 227.28 | 882.06 | 4.20 | 21.91 | 30.84 | 162.70 |
About VMS TMT Limited
Founded in 2013, VMS TMT Limited is engaged in manufacturing Thermo Mechanically Treated (TMT) Bars, a crucial material in the construction and infrastructure sector. Apart from TMT bars, the company also deals in scrap and binding wires.
Key Highlights:
Manufacturing Facility: Located at Bhayla Village, Ahmedabad (Gujarat), allowing smooth distribution.
Distribution Network: As of July 31, 2025, it operates with 3 distributors and 227 dealers.
Retail License Agreement: Entered into an agreement with Kamdhenu Limited in November 2022 to market TMT bars under the brand name Kamdhenu NXT in Gujarat.
Workforce: 230 permanent employees and an experienced management team.
Sales Focus: Primarily caters to Tier II and Tier III cities, with over 98% revenue from Gujarat in recent years.
VMS TMT IPO Review
The VMS TMT IPO review highlights both strengths and challenges:
Strengths:
Established manufacturing presence in Gujarat.
Association with Kamdhenu NXT boosts brand credibility.
Consistent growth in profitability despite revenue decline.
Expanding dealer and distributor network.
Risks & Concerns:
High debt levels with debt-to-equity ratio of 6.06.
Heavy reliance on Gujarat (98%+ revenues).
Thin margins (PAT Margin 1.91%).
Highly competitive steel/TMT sector with cyclical demand.
Verdict:
The IPO may appeal to investors seeking exposure to the steel and construction sector, but cautious investors should weigh risks around leverage and regional dependence before subscribing.
Conclusion
The VMS TMT IPO is an interesting opportunity with strong brand association, rising profitability, and growing presence in Gujarat’s construction market. However, challenges like high debt levels, limited geographic diversification, and thin margins should not be ignored.
As an investor, you should analyze your risk appetite before applying. For those looking to diversify into manufacturing and infrastructure-related companies, the IPO could be worth considering.
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FAQs on VMS TMT IPO
1. What is the VMS TMT IPO price band?
The IPO price band is set at ₹94 – ₹99 per share.
2. What are the VMS TMT IPO dates?
The IPO opens on September 17, 2025 and closes on September 19, 2025.
3. How much is the minimum investment for retail investors?
Retail investors can apply with a minimum of 150 shares (₹14,850).
4. When will VMS TMT IPO list?
The IPO is expected to list on September 24, 2025, on both NSE and BSE.
5. Is VMS TMT IPO a good investment?
It shows improving profitability and brand association, but risks include high debt and reliance on Gujarat for revenues. Investors should assess risk tolerance before applying.