VMS TMT IPO Opens Today; Anchor Investors Commit ₹26.73 Crore

Ahmedabad, Sep 17, 2025: VMS TMT Limited’s ₹148 crore IPO has opened for subscription today and will remain open till September 19, 2025. The company has set the price band at ₹94–₹99 per equity share with a minimum lot size of 150 shares (₹14,850 per lot). The listing is scheduled for September 24, 2025, on the NSE and BSE.

Before opening, VMS TMT raised ₹26.73 crore from anchor investors on September 16, 2025, by issuing 27,00,000 equity shares at the higher price band of ₹99 per share.

Established in 2013, VMS TMT Limited produces Thermo Mechanically Treated (TMT) Bars from its Bhayla Village plant in Ahmedabad, Gujarat. It has a distribution chain of 3 distributors and 227 dealers, mainly serving Gujarat (excluding Saurashtra and Kutch). The company markets under the brand name “Kamdhenu” through a retail license agreement and also earns revenues from billets, binding wires, scrap, and by-products.

Anchor Allocation Details

VMS TMT IPO was well-supported by institutional investors, wherein five anchor investors subscribed to 27 lakh equity shares collectively at the bid price of ₹99 per share, raising a total amount of ₹26.73 crore.

Saint Capital Fund became the biggest player, acquiring 6.06 lakh shares, which represented 22.45% of the anchor segment, which is an investment of ₹6.01 crore. In hot pursuit came Chanakya Opportunities Fund I, which acquired 5.78 lakh shares (21.42%) for approximately ₹5.72 crore.

Other anchor participants were Maybank Securities PTE, Astorne Capital VCC – Arven, and Vcube Ventures Fund, which subscribed to 5.05 lakh shares each (18.71% each), with a single investment of ₹5 crore. The domestic and global fund anchor participation reflects deep-rooted investor confidence in the company’s growth prospects and fundamentals in advance of its listing.

IPO Timeline

The initial public offering (IPO) of the company is now available for subscription from today, September 17, 2025, until September 19, 2025. On completion of the bidding process, the basis of allotment will be finalized on September 22, 2025.

Refunds will be triggered and shares credited to demat accounts on September 23, 2025. The shares will list on the exchange on September 24, 2025, when the company goes for its stock market listing.

Lead Manager

The IPO is being handled by Arihant Capital Markets Limited, which will be the Book Running Lead Manager (BRLM). KFin Technologies Limited has been made the Registrar to the Issue.

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