IPO Trending
VMSTMTEQ / NSE, BSEListed
VMS TMT

VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars and also deals in scrap and binding wires, supplying products within Gujarat and other states. Its manufacturing facility is located in Bhayla Village, near Bavla in Ahmedabad district, offering easy access for distribution. As of July 31, 2025, the company operates through 3 distributors and 227 dealers on a non-exclusive basis, ensuring strong product reach. On November 7, 2022, it signed a retail license agreement with Kamdhenu Limited, allowing it to market TMT Bars under the brand name ‘Kamdhenu NXT’ within Gujarat. The company has a workforce of 230 permanent employees supported by an experienced management team. Its revenue is largely concentrated in Gujarat, contributing 98.78% in Fiscal 2024, 98.43% in Fiscal 2023, and 99.19% in Fiscal 2022, with a focus on Tier II and Tier III cities.

₹94 - ₹99102.27x sub
Listed Price₹105.00
Listing Gain+6.06%

IPO Schedule & Timeline

Bookbuilding IPO
Open17 Sep 2025
Close19 Sep 2025
Allotment22 Sep 2025
Listing24 Sep 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Anchor27,00,000 shares
18%
QIB18,00,000 shares
12%
HNI30,00,000 shares
20%
Retail75,00,000 shares
50%

Minimum Application Lots

Retail1 Lot (150 shares)
₹14,850
sHNI14 Lots (2,100 shares)
₹2,07,900
bHNI68 Lots (10,200 shares)
₹10,09,800

Company Promoters

Varun Manojkumar JainRishabh Sunil SinghiManojkumar JainSangeeta Jain

Company Background

VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars and also deals in scrap and binding wires, supplying products within Gujarat and other states. Its manufacturing facility is located in Bhayla Village, near Bavla in Ahmedabad district, offering easy access for distribution. As of July 31, 2025, t...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun 2025)₹213.39 Cr
Growth-75.8%
Revenue Trend (₹ in Crores)
0.0338.1676.21.0kMar 2023Mar 2024Mar 2025Jun 2025
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun 2025213.398.58449.35309.18
Mar 2025771.4115.42412.06275.72
Mar 2024873.1713.47284.23197.86
Mar 2023882.064.20227.28162.70

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-252.480%4.52%10.2810.12
Mar-254.290%12.79%00
Mar-244.010%16.70%00

Peer Comparison & Valuation

Financial Performance

VMS TMT Limited

NAV/Share (₹)13.32
RONW(%)20.14
EPS (Basic) (₹)4.29

Kamdhenu Limited

NAV/Share (₹)11.66
RONW(%)18.82
EPS (Basic) (₹)2.18

Vraj Iron and steel limited

NAV/Share (₹)116.53
RONW(%)10.88
EPS (Basic) (₹)13.55

BMW Industries Limited

NAV/Share (₹)30.84
RONW(%)9.16
EPS (Basic) (₹)2.83

Electrotherm (India) Limited

NAV/Share (₹)-89.01
RONW(%)-377.85
EPS (Basic) (₹)336.42

Valuation

VMS TMT Limited

P/E(X)NA
CMP* (₹)NA
Face value (₹)10.00

Kamdhenu Limited

P/E(X)13.5
CMP* (₹)29.43
Face value (₹)10.00

Vraj Iron and steel limited

P/E(X)11.77
CMP* (₹)159.45
Face value (₹)10.00

BMW Industries Limited

P/E(X)16.57
CMP* (₹)46.88
Face value (₹)1.00

Electrotherm (India) Limited

P/E(X)2.37
CMP* (₹)797.35
Face value (₹)10.00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
22 Sep 2025
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
24 Sep 2025

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for VMS TMT. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization22 Sep 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date24 Sep 2025Trading commences on exchange

How to Check VMS TMT Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select VMS TMT from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About VMS TMT IPO

Complete issue overview for VMS TMT (VMSTMT) IPO. The issue features an equity share price band of ₹94 – ₹99 per share with a minimum retail lot size of 150 Shares (minimum application amount of ₹14,850). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions