VMS TMT IPO Subscription Status
VMS TMT IPO subscribed over 8.40x on its first day till 5.00 PM on 17 September 2025.
- VMS TMT IPO subscription QIB investors’ portion is 7.09x, while NII subscribed 13.78x, and RII investors subscribed 6.56x.
- The company has received bids for 10,33,20,900 shares against 1,23,00,000 on offer for the first-day subscription.
- VMS TMT IPO subscribed over 8.40x on its day 1.
About VMS TMT Company
VMT, a manufacturer of Thermo Mechanically Treated (TMT) Bars, was founded in 2013. VMT TMT Ltd has various customers, including retail and institutional, from the Gujarat state (except the Saurashtra and Kutch districts of Gujarat). As of July 31, 2025, we sell our TMT Bars through a non-exclusive distribution network that includes 3 distributors and 227 dealers. The company has a main focus on sustainability, environment, quality, health, and safety.
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. Furthermore, the company has unique strengths, to reduce costs and support sustainability, they use renewable energy, and also produce their own raw materials to lower costs and improve the supply chain.
VMS TMT Financial Report
The company reported revenue of ₹771.41 crores in 2025 against ₹873.17 crores in 2024. The company reported profit of ₹15.42 crores in 2025 against profit of ₹13.47 crores in 2024.
VMS TMT IPO GMP:
VMS TMT IPO GMP was ₹24 as of Wednesday, 17 September 2025. That indicates the IPO is trading at ₹123 with a ₹24 premium in the grey market against the issue price of ₹99.
