VMS TMT Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,500,000 (30%) | — | ₹4,455 Cr |
| NII (HNI) | — | 3,000,000 (20%) | — | ₹2,970 Cr |
| Retail | — | 7,500,000 (50%) | — | ₹7,425 Cr |
| Σ Total | — | 15,000,000 (100%) | — | ₹148,500 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹14,850 |
| Retail (Max) | 13 | 1,950 | ₹193,050 |
| S-HNI (Min) | 14 | 2,100 | ₹207,900 |
| B-HNI (Min) | 67 | 10,050 | ₹994,950 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 213 | 771 | 873 |
| EBITDA | 19 | 46 | 41 |
| Profit After Tax | 9 | 15 | 13 |
| Net Worth | 82 | 73 | 47 |
| Total Assets | 449 | 412 | 284 |
| Reserves & Surplus | 47 | 39 | 33 |
| Total Borrowing | 309 | 276 | 198 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 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
Company Overview
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 non-exclusive basis. As of July 31, 2025, the company has:
- 3 distributors
- 227 dealers
This network enables the company to efficiently supply its products to customers across Gujarat and other states.
Retail License Agreement:
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.
Workforce:
The company is supported by an experienced and professional management team along with a workforce of 230 permanent employees as of July 31, 2025.
Revenue Focus:
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:
- Fiscal 2024: 98.78% of revenue from Gujarat
- Fiscal 2023: 98.43% of revenue from Gujarat
- Fiscal 2022: 99.19% of revenue from Gujarat