Incorporated in 2013, VMS TMT manufactures thermo‑mechanically treated steel bars and trades scrap and binding wires, with operations centered in Gujarat. The plant is near Bavla, Ahmedabad, supporting a distribution network of 3 distributors and 227 dealers as of July 31, 2025; the company also markets under a license to use the Kamdhenu NXT brand in Gujarat.
VMS TMT IPO
Mainboard book‑built issue (Fresh)
UPCOMING IPOVMS TMT is launching a mainboard IPO aggregating up to ₹148.50 crore via a 100% fresh issue of 1,50,00,000 equity shares. The offer opens on September 17, 2025 and closes on September 19, 2025, with allotment expected on September 22 and listing proposed on BSE and NSE on September 24, 2025. The price band is ₹94 to ₹99 per share; the minimum retail application is 1 lot of 150 shares for ₹14,850.
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹94 to ₹99 per share |
| Offer Structure | Fresh Capital (100%) |
| Total Shares | 1,50,00,000 shares (aggregating up to ₹148.50 crore) |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 3,46,31,210 / 4,96,31,210 shares |
| Lead Manager | Arihant Capital Markets Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 30% of the Issue |
| NII | Not less than 20% of the Issue |
| Retail | Not less than 50% of the Issue |
| IPO Open | Wed, Sep 17, 2025 |
|---|---|
| IPO Close | Fri, Sep 19, 2025 |
| Allotment (Tentative) | Mon, Sep 22, 2025 |
| Refunds Initiation | Tue, Sep 23, 2025 |
| Credit to Demat | Tue, Sep 23, 2025 |
| Listing (Tentative) | Wed, Sep 24, 2025 |
| UPI Mandate Cut‑off | 5 PM on Sep 19, 2025 |
| Application | 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 |
Incorporated in 2013, VMS TMT manufactures thermo‑mechanically treated steel bars and trades scrap and binding wires, with operations centered in Gujarat. The plant is near Bavla, Ahmedabad, supporting a distribution network of 3 distributors and 227 dealers as of July 31, 2025; the company also markets under a license to use the Kamdhenu NXT brand in Gujarat.
Summary (₹ crore)
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 449.35 | 412.06 | 284.23 | 227.28 |
| Total Income | 213.39 | 771.41 | 873.17 | 882.06 |
| Profit After Tax | 8.58 | 15.42 | 13.47 | 4.20 |
| EBITDA | 19.48 | 45.53 | 41.20 | 21.91 |
| Net Worth | 81.77 | 73.19 | 46.51 | 30.84 |
| Reserves & Surplus | 47.14 | 38.56 | 33.18 | 18.23 |
| Total Borrowings | 309.18 | 275.72 | 197.86 | 162.70 |
Source: Moneycontrol and IPO trackers aligned to the RHP; dates, band, lot, reservation mix, registrar and LM corroborated across multiple disclosures.
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It’s interesting to see how VMS TMT is positioning itself within the steel industry, especially with the Kamdhenu NXT brand association. The IPO price band of ₹94-₹99 per share seems reasonable for those looking to tap into the growing infrastructure demand in Gujarat. I wonder how their expansion plans could impact future growth.
Interesting to see VMS TMT coming out with a 100% fresh issue instead of an OFS, which suggests they’re focused on growth and expansion rather than just providing an exit. The Kamdhenu NXT brand license in Gujarat could also give them a stronger edge in distribution, especially with 227 dealers already in place. Will be worth watching how the pricing at ₹94–₹99 is received by retail investors given the minimum ticket size of around ₹15k.
It’s interesting to see VMS TMT’s focus on the Gujarat region. With their distribution network growing, it could create significant demand. Anyone here planning to apply for this IPO?
Interesting toBlog comment creation see VMS TMT come to the mainboard with a 100% fresh issue instead of an OFS—suggests the company is really looking to fund growth rather than just provide exits. The licensed use of the Kamdhenu NXT brand in Gujarat could give them a strong regional edge, but it’ll be worth watching how they balance brand association with building their own identity post-listing.
I don’t think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://www.binance.com/en/register?ref=JHQQKNKN