VMS TMT Listing: VMS TMT shares debuted in the listed space with a decent premium on Wednesday. The stock opened for trade at Rs 105 on the BSE and Rs 104.90 on the NSE, with a premium of around 6.06Â per cent and 5.90Â per cent over the issue price, respectively.
VMS TMT IPO highlights:
The issue was subscribed over 102.27 times, translating to a total of 125.78 crore shares against 1.23 crore. The total subscription includes Qualified Institutional Buyers (QIBs) who bid 21.74 crore shares against 18 lakh shares reserved(120.80 times).
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Non-Institutional Investors (NIIs) subscribed 68.12 crore shares against allotted 30 lakh shares (227.09 times), and Retail Individual Investors (RIIs) bid for 35.91 crore shares against 75 lakh shares (47.89 times).
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The VMS TMT IPO was a book-built issue of Rs 148.5 crores, consisting entirely of a fresh issue of 1,50,00,000 equity shares with a face value of Rs 10 per share. The IPO price band was set at Rs 94 to Rs 99 per share with the minimum order quantity of 150 shares, requiring a minimum investment of Rs 14,850 for retail investors.
Subscription period: September 17 to September 19
Price band: Rs 94 to Rs 99
Issue size: Rs 148.50 crore
Lot size: 150
Minimum investment: Rs 14,100
Company profile:
VMS TMT Limited is a Gujarat-based manufacturer of Thermo Mechanically Treated (TMT) bars. The company uses scrap in a 30-tonne induction furnace with CCM and a rolling mill for production. VMS TMT markets its products under the “Kamdhenu NXT” brand via a retail license agreement with Kamdhenu Limited.
In FY25, the company’s revenue stood at Rs 770.19 crore, down 11.77 per cent from Rs 872.96 crore in FY24. However, the company’s profit after tax (PAT) increased by 14 per cent from Rs 13.47 crore in FY24 to Rs 15.42 crore in FY25. In Q1 FY26, VMS TMT reported a revenue of Rs 212.26 crore and a net profit of Rs 8.58 crore.
