The opening date of VMS TMT IPO is September 17, 2025 and the IPO will close on September 19, 2025. VMS TMT IPO is a book-built issue. The Company will raise approximately ₹148.50 crore through the IPO, which comprises of fresh issuance of shares of ₹148.50 crore and an offer of [.] equity shares with face value of ₹10.
The price band of VMS TMT IPO is ₹94 to ₹99 per share. The retail quota is 50%, QIB 30% and HNI 20%. VMS TMT IPO will be listed on BSE and NSE on September 24, 2025. The allotment date of VMS TMT IPO is September 22, 2025.
The company recorded a revenue of ₹771.41 crore in 2025, while it was ₹873.17 crore in 2024. The company recorded a profit of ₹15.42 crore in 2025, while it was ₹13.47 crore in 2024. As per the financials, IPO investors should invest in the IPO for the long term.
VMS TMT IPO Details
| IPO Date | September 17, 2025 to September 19, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹94 to ₹99 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,50,00,000 shares (aggregating up to ₹148.50 Cr) |
| Issue Type | Book building IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,46,31,210 shares |
| Share Holding Post Issue | 4,96,31,210 shar |
VMS TMT IPO Dates
The VMS TMT IPO date is September 17 and the close date is September 19. The VMS TMT IPO allotment will be finalized on September 22 and the IPO listing on September 24.
| IPO Open Date: | September 17, 2025 |
| IPO Close Date: | September 19, 2025 |
| Basis of Allotment: | September 22, 2025 |
| Refunds: | September 23, 2025 |
| Credit to Demat Account: | September 23, 2025 |
| IPO Listing Date: | September 24, 2025 |
| IPO Bidding Cut-off Time: | September 19, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 3,46,31,210 | 96.28% |
| Promoter Holding Post Issue | 4,96,31,210 | 67.18% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores | % |
| Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company | 115.00 | -% |
| General corporate purposes | – | -% |
VMS TMT IPO Market Lot
The VMS TMT IPO minimum market lot is 150 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 1,950 shares of ₹1,93,050 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 150 | ₹14,850 |
| Retail Maximum | 13 | 1,950 | ₹1,93,050 |
| S-HNI Minimum | 14 | 2,100 | ₹2,07,900 |
| B-HNI Minimum | 68 | 10,200 | ₹10,09,800 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| QIB Shares Offered | – Shares | Not more than 30% |
| NII Shares Offered | – Shares | Not more than 20% |
| Retail Shares Offered | – Shares | Not more than 50% |
VMS TMT IPO Company Financial Report
The company reported revenue of ₹771.41 crores in 2025 against ₹873.17 crores in 2024. The company reported profit of ₹15.42 crores in 2025 against profit of ₹13.47 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹882.06 | ₹876.51 | ₹4.20 | ₹227.28 |
| 2024 | ₹873.17 | ₹853.87 | ₹13.47 | ₹284.23 |
| 2025 | ₹771.41 | ₹751.32 | ₹15.42 | ₹412.06 |
| June 2025 | ₹213.39 | ₹201.91 | ₹8.58 | ₹449.35 |
VMS TMT IPO Valuation – FY2025
Check VMS TMT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 20.14% |
| ROCE: | 12.79% |
| EBITDA Margin: | 5.91% |
| PAT Margin: | 1.91% |
| Debt to equity ratio: | 6.06 |
| Earning Per Share (EPS): | ₹4.29 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.14% |
| Net Asset Value (NAV): | ₹13.32 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kamdhenu Limited | 2.18 | 13.50 | 18.82 | 11.66 | 757.95 Cr. |
| Vraj Iron and steel limited | 13.55 | 11.77 | 10.88 | 116.53 | 478.86 Cr. |
| BMW Industries Limited | 2.83 | 16.57 | 9.16 | 30.84 | 566.43 Cr. |
| Electrotherm (India) Limited | 336.42 | 2.37 | (377.85) | (89.01) | 4,122.92Cr. |
About VMS TMT IPO
VMT, a manufacturer of Thermo Mechanically Treated (TMT) Bars, was founded in 2013. VMT TMT Ltd. has various customers including retail and institutional in the state of Gujarat (excluding Saurashtra and Kutch districts of Gujarat). As of July 31, 2025, we sell our TMT Bars through a non-exclusive distribution network consisting of 3 distributors and 227 dealers. The company's main focus is on sustainability, environment, quality, health and safety.
Promoters: The company has efficient and experienced promoters Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain and Sangeeta Jain who have more than 30 years of experience in the steel industry. Not only is there an expert management team, but the firm also has 230 permanent employees. In addition, the company has unique features such as they use renewable energy to reduce costs and promote sustainability, and also produce their own raw materials to reduce costs and improve the supply chain.