VMS TMT IPO subscribed 102.24 times on the last day, while the retail quota was subscribed 47.85 times, QIB subscribed 120.80 times, and NII quota subscribed 227.08 times, respectively.
Details About VMS TMT IPO
VMS TMT got approval from SEBI for an IPO of ₹148.50 crores. This IPO comprises entirely a fresh issue of ₹148.50 crores with a face value of ₹10 each.
Moreover, the company has set up a price band between ₹94 to ₹99 per share. In this IPO, a total of 150 shares were available in one lot size for the minimum Retail category, and 1,950 shares in 13 lot sizes for the maximum retail category.
The S-HNI minimum category consists of 2,100 shares in a lot size of 14, and the B-HNI category has 10,200 shares in a 68 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,850 and maximum investment of ₹1,93,050.
- Small HNI (S-HNI): Minimum investment of ₹2,07,900.
- B-HNI Minimum (B-HNI): Minimum investment of ₹10,09,800.
Subscription Duration of the VMS TMT IPO
The opening date for the VMS TMT IPO subscription was September 17, 2025, whereas the closing date of the VMS TMT IPO was September 19, 2025. The allotment of VMS TMT Services, September 22, 2025, and the listing date schedule for September 24, 2025.
About VMS TMT IPO
VMT TMT Ltd, a manufacturer of Thermo Mechanically Treated (TMT) Bars, was founded in 2013. We serve a wide range of customers—both retail and institutional—across Gujarat, except in the Saurashtra and Kutch regions. As of July 31, 2025, our products are sold through a non-exclusive distribution network that includes 3 distributors and 227 dealers.
At VMT, we are committed to sustainability, environmental care, quality, health, and safety in everything we do.
Promoters: the company has skilled and experienced promoters Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain with more than 30 years in the steel industry. Not only expert management team, but it also has 230 permanent employees.
Financial Background of VMS TMT IPO
The company reported revenue of ₹771.41 crores in 2025 against ₹873.17 crores in 2024. The company reported a profit of ₹15.42 crores in 2025 against a profit of ₹13.47 crores in 2024.
