VMS TMT Limited’s Initial Public Offering opens on September 17 to 19, 2025 with a Price Band Fixed at ₹ 94 -₹ 99 per Share
· Total annual installed capacity of TMT Bars is 200,000 metric tonnes (“MT”) per annum
· Serve a diverse customer base comprising both retail and institutional customers
Ahmedabad, September 13, 2025: VMS TMT Limited (“Company”), a Gujarat-based manufacturer of TMT Bars marketed under the Kamdhenu brand, today announced the price band of ₹ 94 – ₹ 99 per equity share for its forthcoming initial public offering (IPO). The Issue will open for subscription on Wednesday, September 17, 2025 and will close on Friday, September 19, 2025 The anchor investor bidding will open on Tuesday, September 16, 2025.
The IPO will be listed on BSE and NSE. Arihant Capital Markets Ltd is the Book Running Lead Manager (BRLM) to the Issue, while Kfin Technologies Ltd is the Registrar to the Issue.
The IPO comprises a fresh issue of upto 1,50,00,000 equity shares of face value ₹10/- each through the book-building process.
VMS TMT Limited intends to utilise ₹11,500.00 lakhs of the IPO proceeds for repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company, while the remaining funds will be used for general corporate purposes and issue expenses.
The Gujarat-based company is engaged in the production of TMT bars at the manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India.
The company have a distribution network, on a non-exclusive basis, comprising of 3 distributors and 227 dealers as of July 31, 2025 and have more than 50 trucks that enable doorstep delivery of TMT bars to our retail customers. The focus for sales of the Company has been on Tier II and Tier III cities. The Company is backward integrated with in-house billet production capacity of 2,16,000 MTPA and is also setting up a 15 MW solar power plant for captive consumption. Additionally, the Company is certified with BIS, ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 standards, highlighting its commitment to quality, safety, and environmental responsibility.
VMS TMT’s revenue from operations for the Fiscal 2025 stood at ₹77,019.10 Lakhs. Profit after tax improved from ₹1346.84 Lakhs in Fiscal 2024 to ₹1473.70 Lakhs in Fiscal 2025.
For the three months period ended June 30, 2025, revenue from operations and Profit after tax stood at ₹21,225.92 Lakhs and ₹857.64 Lakhs respectively.
For more information, please visit: https://vmstmt.com/
Disclaimer: VMS TMT LIMIT is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public Issue of its Equity Shares and has filed the RHP dated September 10, 2025 with ROC. The RHP will be available on the website of SEBI at www.sebi.gov.in, and is available on the websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com – where equity shares are proposed to be listed, on the website of the Company i.e. www.vmstmt.com and the websites of the Book Running Lead Manager (“BRLM”), i.e. Arihant Capital Markets Limited at www.arihantcapital.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” on page 30 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in ‘offshore transactions’ as defined in, and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdictions where such offers and sales are made.
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