214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Vms Tmt Limited IPO Analysis

Vms Tmt IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 148.50 Cr. The company is based in Ahmedabad and caters to Steel sector. Arihant Capital Markets is the merchant banker of Vms Tmt IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 27th September 2024.

Vms Tmt IPO posted revenues of ₹ 849.00 Cr. and PAT of ₹ 34.28 Cr. in FY26 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 849.00 Cr.
            EBITDA: ₹ 82.40 Cr.
            PAT: ₹ 34.28 Cr.
  • EBITDA Margin: 9.71 %
            Pat Margin: 4.04 %
  • Net Worth: ₹ 81.77 Cr.
  • Market Capitalisation: ₹ 491.35 Cr.
  • P/E: 14.32 times
  • P/BV: 2.13 times
  • EV/EBITDA: 9.71 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Vms Tmt IPO Financial Performance (Restated)

Financial results of Vms Tmt IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-25 FY25 FY24 FY23
Balance Sheet
Assets 449.34 412.06 284.23 227.28
Net Worth 81.77 73.19 46.51 30.84
Total Debt 309.17 275.70 197.85 162.68
Profit & Loss
Revenue
Revenue on annualised basis
212.25
849.00
770.19 872.95 882.01
EBITDA
EBITDA on annualised basis
20.60
82.40
46.72 41.20 21.90
PAT
PAT on annualised basis
8.57
34.28
15.41 13.46 4.19
Financials
30-Jun-25
FY25
FY24
FY23
Balance Sheet
Assets
449.34
412.06
284.23
227.28

Net Worth
81.77
73.19
46.51
30.84

Total Debt
309.17
275.70
197.85
162.68

Profit & Loss
Revenue
Revenue on annualised basis
212.25
849.00
770.19
872.95
882.01

EBITDA
EBITDA on annualised basis
20.60
82.40
46.72
41.20
21.90

PAT
PAT on annualised basis
8.57
34.28
15.41
13.46
4.19

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Vms Tmt IPO Key performance Indicators (KPI)

Vms Tmt IPO PAT Margin is 4.04 % , ROCE (Return on Capital Employed) is 4.52 % as per latest financial. The below table shows Vms Tmt IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-25 FY25 FY24 FY23
EBITDA Margin (%) 9.71 6.07 4.72 2.48
PAT Margin (%) 4.04 2.00 1.54 0.48
EPS (₹) 2.48 4.29 4.01 1.39
ROE (%) 10.48 21.05 28.94 13.59
ROCE (%) 4.52 12.79 16.70 10.94
ROA (%) 1.91 3.74 4.74 1.84
Debt to Equity 3.78 3.77 4.25 5.27
Particulars
30-Jun-25
FY25
FY24
FY23

EBITDA Margin (%)
9.71
6.07
4.72
2.48

PAT Margin (%)
4.04
2.00
1.54
0.48

EPS (₹)
2.48
4.29
4.01
1.39

ROE (%)
10.48
21.05
28.94
13.59

ROCE (%)
4.52
12.79
16.70
10.94

ROA (%)
1.91
3.74
4.74
1.84

Debt to Equity (x)  
3.78
3.77
4.25
5.27

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Vms Tmt IPO Valuation Metrics

The market Capitalisation of Vms Tmt IPO is ₹ 491.35 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
491.35

Enterprise Value (EV) (₹ Cr.):
800.18

EV/EBITDA (times) :
9.71

PE Multiple (times) :
14.32

P/B (times) :
2.13

NAV (₹) :
23.61

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Vms Tmt prospectus?

The Vms Tmt IPO prospectus highlights an Return on Equity (ROE) of 10.48 % , Return on Assets (ROA) of 1.91 %, and an EBITDA Margin of 9.71 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Vms Tmt IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Vms Tmt IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Vms Tmt IPO ?

The post-IPO market capitalisation of Vms Tmt IPO is ₹ 491.35 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Vms Tmt IPO?

The Vms Tmt IPO has a Price-to-Earnings (PE) ratio of 14.32 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Vms Tmt IPO?

Vms Tmt IPO reported revenue of ₹ 849.00 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Vms Tmt IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Vms Tmt IPO?

Vms Tmt recorded an EBITDA of ₹ 82.40 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Vms Tmt IPO?

Vms Tmt Profit After Tax (PAT) is ₹ 34.28 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 849.00 Cr.
            EBITDA: ₹ 82.40 Cr.
            PAT: ₹ 34.28 Cr.
  • EBITDA Margin: 9.71 %
            Pat Margin: 4.04 %
  • Net Worth: ₹ 81.77 Cr.
  • Market Capitalisation: 491.35
  • P/E: 14.32 times
  • P/BV: 2.13 times
  • EV/EBITDA: 9.71

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Vms Tmt operates in Steel and Manufacturing Of Thermo Mechanically Treated Bars. The Issue is listed on BSE,NSE in Sep, 2025. Vms Tmt IPO size was 148.50 with Issue price of 99.00 .

Merchant Banker(s) of Vms Tmt IPO: Arihant Capital Markets Limited

Vms Tmt IPO subscription was 102.24 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Vms Tmt IPO listed at a listing price of 104.90 against the offer price of 99.00.

The current market price of Vms Tmt is 76.32.

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