About the company and founders
VMS TMT is a Gujarat-based steel products manufacturer focused on Thermo Mechanically Treated (TMT) bars and related long steel products. The company serves construction and infrastructure segments through regional distribution and has promoter-led management with experience in steel manufacturing and trading. The IPO is a fresh-issue offering intended to support capacity and working capital needs.
Financials and strengths
VMS TMT has shown revenue growth driven by steady local demand for construction steel. Strengths commonly highlighted by analysts include its integrated manufacturing setup, focus on TMT bars (a key input for infrastructure) and regional market presence. As with most SME/mainboard steel players, margins depend on raw material costs and realisations.
Objects of the issue and GMP
The public issue is a fresh offering aimed at raising about ₹148.5 crore (at the upper price band). Proceeds are planned for working capital and expansion-related needs. Early grey-market activity showed a positive appetite: GMP reports varied during the subscription window, with market trackers quoting premiums in the range of roughly ₹15–₹25 at different points. Remember, GMP is unofficial and volatile.
Industry context and outlook
India’s steel demand is closely linked to housing, infrastructure and government spending. TMT bars remain a core product in construction, offering steady demand in expanding urban and rural projects. However, the sector is cyclical and sensitive to global scrap/iron prices and logistics costs — factors investors should monitor.
Open Date / Close Date
The VMS TMT IPO opened for subscription on September 17, 2025 and closed on September 19, 2025. The company fixed the price band at ₹94–₹99 per share. The issue size is around ₹148.5 crore, and the minimum application is one lot of 150 shares.
Tentative allotment / listing and refunds
Registrars and market trackers indicated the basis of allotment would be finalised around September 22, 2025, with tentative listing on NSE/BSE around September 24–25, 2025. Initiation of refunds and credit of shares to demat accounts are expected in the same post-allotment window, and UPI mandate confirmation cut-off is the bid closing date (typically by 5:00 PM). These are tentative timelines subject to official registrar announcements.
Price band, lot size & application amounts
- Price band: ₹94 – ₹99 per share
- Lot size: 150 shares (minimum one lot)
- Minimum retail investment: ₹14,850 at ₹99 (one lot)
Corporate events, dividend & bonus
VMS TMT’s public issue received notable subscription and grey-market attention. The company has not announced any immediate dividend or bonus linked to the IPO; proceeds are focused on working capital and capacity support. Track official filings for any corporate actions post-listing.
Stock price, GMP today & multibagger view
Grey market indicators (vms tmt ipo gmp today) showed a meaningful premium during subscription, but figures varied across sources and days — a reminder that GMPs are sentiment snapshots, not guarantees. Long-term multibagger potential depends on execution, sustained margins, and the company’s ability to scale markets beyond regional demand.
Should you subscribe?
If you seek exposure to domestic construction demand and are comfortable with SME/mainboard IPO risks (cyclicality, liquidity), consider applying after comparing valuation at your chosen bid price. Long-term investors should review the prospectus, management track record, and sector risks before subscribing.
Disclaimer
This article is informational only and not investment advice. Verify dates/figures with the official RHP/registrar and consult a qualified financial advisor before investing in the VMS TMT IPO or relying on GMP indicators. Market conditions can change rapidly.
FAQs
Q1: What are the VMS TMT IPO open and close dates?
Answer: The IPO was open from September 17 to September 19, 2025.
Q2: What is the price band and minimum application for VMS TMT?
Answer: Price band is ₹94–99; minimum lot is 150 shares (one lot).
Q3: What is the VMS TMT IPO GMP today?
Answer: GMP levels moved during subscription (reports showed premiums in the ~₹15–25 range on different days). GMP is unofficial and changes frequently — use it only as a sentiment gauge.
