return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. VMS TMT IPO opens September 17: Check price band, lot size, objectives and key dates

Market News

VMS TMT IPO opens September 17: Check price band, lot size, objectives and key dates

Kamal Joshi
By Kamal Joshi

3 min read | Updated on September 12, 2025, 12:04 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

VMS TMT IPO: The initial share sale is exclusively a fresh issuance of 1,50,00,000 shares aggregating to ₹148.50 crore. There is no offer for sale (OFS) component.

VMS TMT manufactures thermomechanically treated bars (TMT bars) at its production facility located at Ahmedabad, Gujarat. | Image: vmstmt.com

VMS TMT manufactures thermomechanically treated bars (TMT bars) at its production facility located at Ahmedabad, Gujarat. | Image: vmstmt.com

VMS TMT IPO: The initial public offering of TMT bars manufacturer VMS TMT will open for public subscription on Wednesday, September 17. The issue will conclude on September 19. The price band has been set at ₹94 to ₹99 per share.

The initial share sale is exclusively a fresh issuance of 1,50,00,000 shares aggregating to ₹148.50 crore. There is no offer for sale (OFS) component.

The net proceeds of the issue will be used towards repayment of certain borrowings availed by the company and general corporate purposes.

VMS TMT IPO lot size

A lot consists of 150 shares and in multiples thereafter. The company has reserved 50% of the net offer for retail investors, 30% for qualified institutional buyers (QIBs) and 20% for non-institutional investors.

VMS TMT IPO timeline: Allotment and listing dates

Basis of allotment of the VMS TMT IPO is likely to be finalised on September 22. Refunds for non-allottees will be processed on September 23, while shares will be credited to the Demat account of successful investors on the same day.

Shares of VMS TMT will be listed on the NSE and the BSE on September 24.

Arihant Capital Markets Ltd is the sole book-running lead manager of the issue, while KFin Technologies is the registrar.

BUZZING | Urban Company IPO day 3: Check live subscription status, allotment date and steps

About VMS TMT

VMS TMT manufactures thermomechanically treated bars (TMT bars) at its production facility located at Ahmedabad, Gujarat.

It conducts business predominantly in Gujarat, from where it derived 98.93%, 96.72%, 98.75% and 97.42% of its revenues in the three-month period ended June 30, 2025, and fiscal 2025, fiscal 2024 and fiscal 2023, respectively.

VMS TMT IPO financials

(₹ Crores)FY25FY24FY23
Revenue770.19872.95882.01
Total Assets412.06284.23227.28
Net Profit/(Loss)14.7313.464.19

VMS TMT IPO GMP

According to investorgain.com and media reports, unlisted shares of VMS TMT are trading at ₹109 per share, reflecting a grey market premium, or GMP, of 10.10% over the upper price band of ₹99.
Disclaimer: Grey Market Premium, or GMP, is an unofficial indicator of market sentiment toward an IPO. It is not regulated by the stock exchanges or SEBI. Upstox neither supports nor encourages grey market trading. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.