VMS TMT IPO Opens on September 17: GMP Stands at 23% Ahead of Opening
VMS TMT Ltd is launching its Initial Public Offering (IPO) on September 17, 2025. The bidding window for the VMS TMT IPO will be open till September 19, 2025, for public subscription. VMS TMT is engaged in the manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”), which are primarily used in the construction industry.
The allotment process for VMS TMT IPO 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 Ltd - IPO Details
VMS TMT IPO will be 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 amount required for a retail investor is ₹14,100 (150 shares).
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
Ahead of the opening, the Grey Market Potential (GMP) of VMS TMT Ltd stood at ₹23 as of September 16, 02:32 p.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 16, 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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