VMS TMT was incorporated on April 9, 2013, and has launched and valued at ₹ 1.5 crore equity shares. It has only a fresh issue therefore all proceeds shall be gone to the company. The company has not decided on the fixed price of the IPO, however, the IPO’s expenses have already counted for the foreseeable future.
- Funds utilization has been decided:
- ₹46.4 crore goes to setting up solar power
- ₹30 crore will be used for working capital
- ₹11 crore for debt repayment
- Moreover, 96.28% of stakes have been held by its promoters.
Gursev Singh, Mandeep Singh, Ganga Singh, Dhanvinder Singh, and Tajinder Singh Bhatti are the directors of the company. Moreover, Manojkumar Jain, Varun Manojkumar Jain, and Rishabh Sunil Singhi are promoters.
This company has main business of manufacturers and supplies of varied vehicles and MS fabrication, customized fabrication, fabrication job work, and fabrication services, moreover, from 1 crore to 100 crores it has revenue of 2023 FY.VMS TMT makes TMT bars in Ahmedabad. They can produce 200,000 metric tonnes each year and made 160,321 metric tonnes in FY24.
VMS TMT IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
VMS TMT Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹493.75 | ₹484.75 | ₹6.88 |
| 2023 | ₹882.06 | ₹876.51 | ₹4.20 |
| 2024 | ₹873.17 | ₹853.87 | ₹13.47 |
VMS TMT IPO Valuation – FY2024
VMS TMT IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.01 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 28.96% |
| Net Asset Value (NAV): | ₹13.84 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kamdhenu Limited | 18.59 | 27.37 | 21.12% | 88.13 | 738.29 Cr. |
| Vraj Iron and steel limited | 21.69 | 10.49 | 28.73% | 76.19 | 424.27 Cr. |
| BMW Industries Limited | 2.62 | 27.70 | 9.30% | 28.22 | 539.43 Cr. |
| Electrotherm (India) Limited | 250.73 | 3.71 | – | – | 4275.84 Cr. |
Objects of the Issue
- Funding capital expenditure for setting up of solar power plant at Survey Nos. 82, 81, 63, 64, 61, 49, 40 and 39
- situated at Village Zenta, Tharad Taluka, Banaskantha District, Gujarat – 385565 (“Solar Power Plant”);
- Funding long-term working capital requirements of our Company;
- Repayment/ prepayment, in full or part, of certain borrowings availed by our Company; and
- General corporate purposes
IPO Lead Managers aka Merchant Bankers
- Arihant Capital Markets Limited
