Mumbai, September 12, 2025: VMS TMT Limited (“Company”), a Gujarat-based manufacturer of TMT Bars marketed under the Kamdhenu brand, today announced the price band of ₹ 94 – ₹ 99 per equity share for its forthcoming initial public offering (IPO). The Issue will open for subscription on Wednesday, September 17, 2025 and will close on Friday, September 19, 2025 The anchor investor bidding will open on Tuesday, September 16, 2025.
The IPO will be listed on BSE and NSE. Arihant Capital Markets Ltd is the Book Running Lead Manager (BRLM) to the Issue, while Kfin Technologies Ltd is the Registrar to the Issue.
The IPO comprises a fresh issue of upto 1,50,00,000 equity shares of face value ₹10/- each through the book-building process.
VMS TMT Limited intends to utilise ₹11,500.00 lakhs of the IPO proceeds for repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company, while the remaining funds will be used for general corporate purposes and issue expenses.
The Gujarat-based company is engaged in the production of TMT bars at the manufacturing facility situated at Bhayla Village, Ahmedabad, Gujarat, India.
The company have a distribution network, on a non-exclusive basis, comprising of 3 distributors and 227 dealers as of July 31, 2025 and have more than 50 trucks that enable doorstep delivery of TMT bars to our retail customers. The focus for sales of the Company has been on Tier II and Tier III cities. The Company is backward integrated with in-house billet production capacity of 2,16,000 MTPA and is also setting up a 15 MW solar power plant for captive consumption. Additionally, the Company is certified with BIS, ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 standards, highlighting its commitment to quality, safety, and environmental responsibility.
VMS TMT’s revenue from operations for the Fiscal 2025 stood at ₹77,019.10 Lakhs. Profit after tax improved from ₹1346.84 Lakhs in Fiscal 2024 to ₹1473.70 Lakhs in Fiscal 2025.
For the three months period ended June 30, 2025, revenue from operations and Profit after tax stood at ₹21,225.92 Lakhs and ₹857.64 Lakhs respectively.