VMS TMT has a plan to launch an IPO worth 1,50,000 crore equity shares. So they filed the DRHP with the SEBI on 27th March. It has only a fresh issue with the face value of ₹10; therefore, all proceeds shall go to the company.
Earlier, on September 27, 2024, it had filed DRHP with the market regulator, but it withdrew on October 23.
The company has not decided on the fixed price of the IPO, however, the IPO’s expenses have already been counted for the foreseeable future.
A ₹115 crore would be utilized for repaying debt, and the rest of the funds would go for general corporate purposes. However, ₹160.2 crore is the total debt.
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.
Moreover, 96.28% of the stakes have been held by its promoters.
The remaining 3.72% of shares are owned by public shareholders, which include Chanakya Opportunities Fund I and Kamdhenu.
This company has the main business of manufacturing and supplying varied vehicles and MS fabrication, customized fabrication, fabrication job work, and fabrication services. Moreover, from 1 crore to 100 crores, it has a revenue of the 2023 FY.
VMS TMT makes TMT bars in Ahmedabad. They can produce 200,000 metric tons each year and made 160,321 metric tons 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 | NA | NA | 4,275.84 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
