VMS TMT IPO Day 1: Check Subscription Status, GMP & Key Details
VMS TMT Ltd, which is engaged in the manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”), opened its Initial Public Offering (IPO) today, September 17, 2025. The bidding window for the VMS TMT IPO will be open till September 19, 2025, for public subscription.
The allotment process is expected to be finalised on September 22, 2025, and the company’s shares will be listed on both BSE and NSE. The tentative listing date is fixed as September 24, 2025.
VMS TMT IPO Day 1 Subscription Status
[September 17, 2025, 11:24 A.M]
On Day 1, the VMS TMT IPO was subscribed 2.80 times, as per the NSE data. The public issue was subscribed to 1.81 times by the Retail Individual Investors(RIIs), 2.86 times by the Non Institutional Investors (NIIs), and 6.83 times by the Qualified Institutional Buyers (QIBs).
VMS TMT Ltd - IPO Details
VMS TMT IPO is a bookbuilding of ₹148.50 crores and is entirely a fresh issue of 1.50 crore shares of face value ₹10 each. The issue price band is set at ₹94 to ₹99 per share. The minimum lot size for an application is 150, and the minimum investment amount required for a retail investor is ₹14,100 (150 shares) based on the upper price band.
Arihant Capital Markets Limited is the book-running lead manager, and Kfin Technologies Limited is the registrar for the IPO.
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Utilisation of Proceeds
The Company will utilise the net proceeds from the issue for the following purposes:
- Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company.
- General Corporate Purposes.
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VMS TMT Ltd - GMP Details
According to Investorgain, the Grey Market Potential (GMP) of VMS TMT Ltd stood at ₹23 as of September 16, 09:10 a.m. The estimated listing price is expected to be ₹122 based on the upper price band of ₹99. The expected percentage gain per share is 23.23%.
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Source: Investorgain Media Report dated September 17, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
About VMS TMT Ltd
VMS TMT Ltd is a steel company based in Ahmedabad (Gujarat), which is engaged in manufacturing Thermo-Mechanically Treated (TMT) bars. It also sells scrap, binding wires, and billets as auxiliary products. VMS TMT markets its TMT bars under the “Kamdhenu NXT” brand via a retail licence agreement with Kamdhenu Limited.
In FY25, the company's revenue declined to ₹770.2 crore from ₹872.9 crore in FY24, but Profit After Tax (PAT) rose to ₹15.4 crore within the same period.
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