VMS TMT IPO 2025 – Dates, Details, FAQs & JM Financial Insights

Introduction

As steel shapes cities and economies, VMS TMT Limited—an Ahmedabad-based manufacturer of premium TMT bars—is rolling out its IPO, offering investors a slice of India’s infrastructure story. If you’re eager to join the journey, here’s a friendly breakdown of everything you need to know: from IPO dates and pricing to smart insights from the pros at JM Financial.

VMS TMT IPO: Key Details

IPO Subscription Window: September 17, 2025 – September 19, 2025

Issue Size: ₹148.5 crore (1.5 crore fresh equity shares)

Price Band: ₹94–₹99 per share

Lot Size: 150 shares (Minimum investment: ₹14,850)

Listing Date: September 24, 2025 (BSE & NSE)

Allotment Date: September 22, 2025

Registrar: KFin Technologies Limited

Lead Manager: Arihant Capital Markets

Grey Market Premium: ₹10–20, indicating positive listing expectations and investor buzz.

Company Financials

VMS TMT Ltd. Financial Information (Restated Consolidated)

VMS TMT Ltd.'s revenue decreased by 12% and profit after tax (PAT) rose by 14% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	449.35	412.06	284.23	227.28
Total Income	213.39	771.41	873.17	882.06
Profit After Tax	8.58	15.42	13.47	4.20
EBITDA	19.48	45.53	41.20	21.91
NET Worth	81.77	73.19	46.51	30.84
Reserves and Surplus	47.14	38.56	33.18	18.23
Total Borrowing	309.18	275.72	197.86	162.70
Amount in ₹ Crore

Objects of the Issue :-

The Company VMS TMT IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

S.No.	Objects of the Issue	Expected Amount (₹ in crores)
1	Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company	115.00

Why the Market Is Watching

VTL is engaged in the manufacturing and marketing of TMT Bars. Primarily it operates in the Gujarat region, with TMT Bars as the main product. Its declining top line and rising bottom line has surprised one and all. Its debt-equity ratio of 3.78 as of June 30, 2025 raise alarm. Based on its recent financial data, the IPO appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for long term. 

How To Apply for the VMS TMT IPO Online?

1. Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
3. Select IPO: Find and select the VMS TMT IPO from the list of open IPOs. 
4. Enter the Lot Size: Specify the number of lots you want to bid for. 
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of VMS TMT IPO?

Steps to check IPO allotment status on Angel One’s app: 

1. Log in to the JM Pro app. 
2. Go to the IPO Section and then to IPO Orders. 
3. Select the individual IPO that you had applied for and check the allotment status. 
4. JM Financial Services will notify you of your IPO allotment status via push notification and email. 

FAQs :-

Q1: What’s the minimum application for VMS TMT IPO?

A: One lot, or 150 shares (₹14,850 at the upper price band).

Q2: Can I expect listing gains?

A: The grey market is indicating a premium of ₹10–20 per share, but final gains depend on market sentiment at listing.

Q3: How do I apply?

A: Use your demat account and ASBA process. Early applications ensure timely bids.

Q4: What happens after IPO closes?

A: Allotment status will be announced by September 22; shares get credited by September 23, with listing on September 24, 2025.

Q5: Where can I find VMS TMT’s financials?

A: Check the RHP document or leading brokerage research portals.