VMS TMT
September 17, 2025 – September 19, 2025
| Price | ₹0 - ₹0 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 0 |
| Allotment | Sep 22, 2025 |
| Listing | Sep 24, 2025 |
VMS TMT About
VMS TMT IPO Details
| Issue Size | 1,50,00,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,46,31,210 shares |
| Share Holding Post Issue | 4,96,31,210 shares |
VMS TMT IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 30% of the Issue |
| Retail Shares Offered | Not less than 50% of the Issue |
| NII Shares Offered | Not less than 20% of the Issue |
Key Performance Indicator (KPI)
| KPI | Jun-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROCE | 4.52% | 12.79% | 16.70% |
| EPS (basic) | 2.48 | 4.29 | 4.01 |
| P/E Pre IPO | 10.28 | ||
| P/E Post IPO | 10.12 |
Company Financials In Crores
| Period | Jun 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| Assets | 449.35 | 412.06 | 284.23 | 227.28 |
| Income | 213.39 | 771.41 | 873.17 | 882.06 |
| Profit | 8.58 | 15.42 | 13.47 | 4.20 |
| EBITDA | 19.48 | 45.53 | 41.20 | 21.91 |
| NET Worth | 81.77 | 73.19 | 46.51 | 30.84 |
| Reserves | 47.14 | 38.56 | 33.18 | 18.23 |
| Borrowing | 309.18 | 275.72 | 197.86 | 162.70 |
Strength
Backward Integration Advantage: Improved financial performance driven by the implementation of a Continuous Casting Machine (CCM) division, enhancing cost-efficiency and operational control.
Robust Market Presence: Strong distribution network (3 distributors, 227 dealers) and long-term customer relationships position the company well in the growing steel bars and rods industry.
Established Infrastructure: Well-located manufacturing facility with integrated operations and efficient logistics support ensures timely delivery and scalability.
Weakness
High Dependence on Kamdhenu Brand: Nearly all TMT bar sales (100%) are under the Kamdhenu NXT brand. The retail license agreement is non-exclusive and includes restrictions; termination could severely disrupt operations and dealer retention.
Raw Material Volatility: Raw material costs form a significant part of total expenses (up to 96.63%). Dependence on third-party suppliers and price fluctuations may adversely affect profitability and production continuity.
Impact of Royalty Payments: Ongoing royalty payments to Kamdhenu (up to ₹654.83 lakhs annually) affect margins. Any increase in royalty or changes in agreement terms could negatively impact financial performance.
VMS TMT Lead Manager(s)
VMS TMT Address
Survey No 214 Bhayla Village,
Near Water Tank Bavla,
Ahmedabad
Ahmedabad, Gujarat, 382220
Phone: +91 63575 85711
Email: compliance@vmstmt.com
Website: http://www.vmstmt.com/