VMS TMT IPO to open on September 17
VMS TMT, based in Gujarat, is opening its IPO from September 17-19, 2025.
The company plans to raise ₹148.5 crore by offering fresh shares priced between ₹94 and ₹99 each, with a minimum lot size of 150 shares.
Most of the funds will go toward paying off loans and clearing working capital debt.
Revenue and profit performance
Launched in 2013, VMS TMT makes TMT bars and billets at its plants near Ahmedabad.
It mainly sells within Gujarat through three distributors and over 220 dealers.
For FY2025, it clocked ₹771.41 crore in revenue, but saw profits rise to ₹15.42 crore—a 14.5% increase from last year, though revenue declined by 11.8%.
Funds to go toward clearing loans
To power its operations (which need a hefty 22 MW), VMS TMT is investing ₹55 crore in a solar plant—partly funded by new loans of ₹43 crore.
The IPO money will also help pay off debts from earlier plant expansions; as of June 2025, total borrowings stood at ₹262 crore.