Ahmedabad, September 15, 2025: VMS TMT Limited, a Gujarat-based company that manufactures TMT bars sold under the “Kamdhenu” brand, has announced the price and dates for its upcoming Initial Public Offering (IPO). The IPO will be open for subscription from September 17 to September 19, 2025, with a price band set at ₹94 to ₹99 per equity share. Bidding for anchor investors will open on September 16.
The company plans to list its shares on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Arihant Capital Markets Limited is the lead manager for the IPO, and K-Fin Technologies Limited is the registrar.
The IPO consists of a fresh issue of 1.50 crore equity shares, each with a face value of ₹10. VMS TMT Limited intends to use the funds raised from the IPO to repay or pre-pay certain loans and for general corporate purposes. The company aims to raise approximately ₹11,500 lakh.
About the Company
VMS TMT Limited has a TMT bar manufacturing facility in Bhayla village, Ahmedabad, with a total annual installed capacity of 200,000 metric tons (MT). The company serves a variety of customers, including both retail and institutional clients, through a non-exclusive distribution network of 3 distributors and 227 dealers as of July 31, 2025. VMS TMT also has a fleet of over 50 trucks for doorstep delivery to its retail customers.
The company is backward integrated with an in-house billet production capacity of 216,000 MT per year for its own use. It is also setting up a 15 MW solar power plant for its own energy needs. VMS TMT is certified with BIS, ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015, highlighting its commitment to quality, safety, and environmental responsibility.
Financial Performance
In the financial year 2024-25, VMS TMT’s revenue from operations was ₹77,019.10 lakh. The company’s profit after tax (net profit) increased to ₹1,473.70 lakh in FY 2024-25 from ₹1,345.84 lakh in FY 2023-24. For the first quarter of the current financial year (ending June 30, 2025), the company reported a revenue of ₹21,225.92 lakh and a net profit of ₹857.64 lakh.
