243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

243  Total SME IPOs listed in 2024

9485.84 Crs.  Total funds raised in 2024

219  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

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Vms Tmt Limited

Ahmedabad

Date of DRHP : 27 Sep 2024

Issue Type : Book Building Process

IPO Type :
MainBoard IPO

Vms Tmt Basic Details

   Steel

Sub Sector: Manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”)

About the Company

Vms TMT is engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”) at their manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely in construction due to their exceptional strength, ductility, and corrosion resistance. Vms TMT conduct their business predominantly in the State of Gujarat from where company derived over 98% of their revenues from operations in Fiscal 2024. Revenue from operations in Fiscal 2024 from sale of TMT Bars in the State of Gujarat constituted approximately 94% of the total revenue from operations wherein retail sales constituted 80% and institutional sales constituted 14% of the total revenue from operations. Revenue from operations also includes sale of scrap, binding wires and billets which constitutes approximately 6% of the total revenue from operations in Fiscal 2024. Vms TMT have a diverse customer base of retail and institutional customers primarily based in the State of Gujarat. Vms TMT have a retail licence agreement dated November 7, 2022, with Kamdhenu Limited which allows us to market their TMT Bars under the brand ‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat on a non-exclusive basis. Vms TMT sells their TMT Bars to customers through distribution network, on a non-exclusive basis, which comprise of 3 distributors and 227 dealers as of August 31, 2024.

Financial Summary (Annualised Basis)

Revenue :
873.17 Cr.

PAT :
13.46 Cr.

Vms Tmt IPO Lead Manager(s)

Arihant Capital Markets Limited

Vms Tmt IPO Registrar

KFin Technologies Limited

Vms Tmt DRHP Details

Objects of issue

  • Funding capital expenditure for setting up of solar power plant at Survey Nos. 82, 81, 63, 64, 61, 49, 40 and 39 situated at Village Zenta, Tharad Taluka, Banaskantha District, Gujarat – 385565 (“Solar Power Plant”);
  • Funding long-term working capital requirements of the Company;
  • Repayment/ prepayment, in full or part, of certain borrowings availed by the Company
  • General corporate purposes

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FAQs

Vms Tmt operates in Steel and Manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”). The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Vms Tmt is Book Building Process and Object of issue is

  • Funding capital expenditure for setting up of solar power plant at Survey Nos. 82, 81, 63, 64, 61, 49, 40 and 39 situated at Village Zenta, Tharad Taluka, Banaskantha District, Gujarat – 385565 (“Solar Power Plant”);
  • Funding long-term working capital requirements of the Company;
  • Repayment/ prepayment, in full or part, of certain borrowings availed by the Company
  • General corporate purposes

The DRHP (Draft Red Herring Prospectus) of Vms Tmt IPO was filed on 27 Sep 2024.

No, Vms Tmt IPO is not yet listed. See other upcoming MainBoard IPOs here.

The IPO open date and IPO close date of Vms Tmt are not available now. You can apply in Vms Tmt IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.

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