The VMS TMT IPO will open on September 17, 2025, and close on September 19, 2025. This is a Book Built Issue through which the company plans to raise around ₹148.50 crores. The issue consists of a fresh issue of shares worth ₹148.50 crores along with an offer for sale of up to [.] equity shares, each having a face value of ₹10. The price band for the IPO has been set at ₹94 to ₹99 per share. Of the total issue, the retail investor quota is 50%, the Qualified Institutional Buyers (QIB) quota is 30%, and the High Net-worth Individuals (HNI) quota is 20%. The shares are scheduled to be listed on both BSE and NSE on September 24, 2025, with the allotment date fixed for September 22, 2025.

Financially, the company reported revenue of ₹771.41 crores in 2025, compared to ₹873.17 crores in 2024. It also recorded a profit of ₹15.42 crores in 2025, up from a profit of ₹13.47 crores in 2024. Based on these financials, investors are advised to consider this IPO as a good option for long-term investment.

About VMS TMT IPO

VMT, established in 2013, is a manufacturer of Thermo Mechanically Treated (TMT) Bars. The company serves a wide range of retail and institutional customers across Gujarat, excluding the Saurashtra and Kutch districts. As of July 31, 2025, VMT distributes its TMT Bars through a non-exclusive network consisting of 3 distributors and 227 dealers. The company places strong emphasis on sustainability, environmental responsibility, quality, and health and safety.

The promoters of VMT include Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, and Sangeeta Jain—experienced professionals with over 30 years in the steel industry. Along with an expert management team, the company employs 230 permanent staff members. VMT’s key strengths include the use of renewable energy to reduce costs and promote sustainability, as well as in-house production of raw materials to lower expenses and enhance its supply chain.