VMS TMT IPO Opens on September 17: Price Band ₹94–₹99, Issue Size ₹148 Crore

Ahmedabad, Sep 12, 2025: The Initial Public offering (IPO) of VMS TMT Limited is set to open on Wednesday, September 17, 2025. VMS TMT IPO will close on September 19, 2025, and the shares are expected to be listed on NSE and BSE on September 24, 2025.

VMS TMT Limited is an Indian company that manufactures and sells steel products, with a primary focus on TMT bars and steel ingots. The company was established in 2007 and has its headquarters in Nagpur, Maharashtra, India.

Price Band of ₹94-₹99 Per Share

The issue is to raise ₹148 crore through a completely fresh issue, with no offer for sale element. The company has fixed a price band of ₹94–₹99 per share, with a lot size of 150 shares, amounting to a minimum investment by a retail investor of ₹14,850 per lot. The allotment for the IPO is expected to be finalised on September 22, and the refunds will be initiated on September 23, 2025. On the same date, the company will credit the shares into the demat accounts in case of successful allotment.

Revenue at ₹21,225.92 Lakh and PAT at ₹857.64 Lakh

In Q1 FY26, the company reported revenue from operations of ₹21,225.92 lakh and a PAT of ₹857.64 lakh, with an EPS of ₹2.48. For FY25, revenue was at ₹77,019.10 lakh with PAT at ₹1,473.70 lakh and EPS at ₹4.29. On the other hand, revenue was ₹87,295.77 lakh in FY24 and ₹88,201.35 lakh in FY23. Net worth improved, rising to ₹8,177.47 lakh in Q1 FY26 from ₹7,319.00 lakh in FY25 and ₹3,083.77 lakh in FY23. However, borrowings increased to ₹30,918.17 lakh in Q1 FY26 against ₹27,571.56 lakh in FY25 and ₹16,269.68 lakh in FY23.

Repayment Main Objective

The company will use ₹11,500 lakh from the raised capital for repayment or prepayment of borrowings. The remaining amount will be used for general corporate purposes.

REF:https://vmstmt.com/wp-content/uploads/2025/09/RED-HERRING-PROSPECTUS-VMS-TMT-LTD.pdf

https://vmstmt.com/wp-content/uploads/2025/03/DRAFT-RED-HERRING-PROSPECTUS.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations