Vms Tmt IPO
Vms Tmt Limited
Minimum investment
Vms Tmt IPO Details
Bidding date
17 Sep - 19 Sep 2025
Price range
₹94 - ₹99
Minimum quantity
150
Minimum investment
₹14,100
Issue size
₹148.5 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Vms Tmt IPO Dates & Timeline
Vms Tmt IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 77.23x |
Retail Individual Investor | 28.17x |
Non-Institutional Investor | 143.46x |
Others | - |
Total | 28.17x |
About Vms Tmt IPO: Company Overview
Incorporated in 2013, VMS TMT Limited is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars, along with trading in scrap and binding wires. The company operates from its strategically located manufacturing facility at Bhayla Village, near Bavla in Ahmedabad district, Gujarat, which ensures efficient distribution across the region.
As of July 31, 2025, the company has built a strong distribution network consisting of 3 distributors and 227 dealers. It has also entered into a retail license agreement with Kamdhenu Limited in November 2022, allowing it to market TMT Bars under the brand name Kamdhenu NXT within Gujarat.
VMS TMT primarily caters to Tier II and Tier III cities, generating over 98% of its revenue from Gujarat in recent years. The company is supported by a professional management team and a workforce of 230 permanent employees.
Strengths & Risks of Vms Tmt IPO
Strong Industry Presence: VMS TMT has an established position in the TMT bar manufacturing industry, backed by years of operational expertise and market understanding.
Strategic Brand Partnership: The company has a retail license agreement with Kamdhenu Limited, allowing it to market products under the brand name Kamdhenu NXT, which enhances visibility and customer trust.
Wide Distribution Network: With 3 distributors and 227 dealers, the company ensures efficient supply across Gujarat and other states, strengthening its reach in Tier II and Tier III cities.
Profitability Growth: Despite a dip in revenue in FY25, the company recorded a 14% increase in Profit After Tax (PAT) compared to FY24, reflecting operational efficiency.
Experienced Management: The business is managed by experienced promoters and a professional team, supported by a workforce of 230 permanent employees.
Geographic Concentration Risk: Over 98% of revenue comes from Gujarat, which makes the company highly dependent on a single state for business growth.
High Debt Levels: As of March 2025, borrowings stood at Rs. 309.18 crore, resulting in a Debt-to-Equity ratio of 6.06, which is considered risky for financial stability.
Low Profit Margins: The company operates on thin margins with an EBITDA margin of 5.91% and a PAT margin of 1.91%, limiting profitability expansion.
Industry Cyclicality: Being part of the steel sector, the company’s growth is tied to real estate and infrastructure demand, making it vulnerable to economic slowdowns and cyclical market conditions.
Vms Tmt Financials: Revenue, Profit & EBITDA
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How to Apply for Vms Tmt IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
FAQs: Vms Tmt IPO
