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VMS TMT IPO Listing Today: Shares To Debut On BSE, NSE; GMP Signals Modest Gain
VMS TMT IPO Listing Today: Shares To Debut On BSE, NSE; GMP Signals Modest Gain
VMS TMT IPO Listing Today: The initial public offering (IPO) of Ahmedabad-based steel manufacturer VMS TMT Ltd closed on Friday, September 19. The issue with the size of Rs 148.5 crore opened on September 17, 2025.
Allotment of the shares were finalised on September 22, 2025. Shares are all set to be listed on the bourses. They will be listed today around 10:00 am on BSE and NSE.
According to market observers, shares of VMS TMT Ltd are expected to be listed at Rs 110 against the upper IPO price of Rs 99. It means a grey market premium or GMP of Rs 11, which is 11.11% over its issue price.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium' indicates investors' readiness to pay more than the issue price.
The IPO is entirely a fresh issue of up to 1,50,00,000 equity shares with no offer for sale component.
VMS TMT Limited intends to utilise Rs 115 crores 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 IPO will fetch Rs 148.50 crore at the upper end of the price band.
Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.
The allocation structure reserves 50% for retail investors, 30% for qualified institutional buyers (including anchor investors), and 20% for non-institutional investors. Arihant Capital Markets is the book-running lead manager, while KFin Technologies is the registrar.
Financially, the company reported a profit after tax of Rs 154.18 million in FY25, up from Rs 134.68 million in FY24. Analysts note that with India's rising demand for steel bars, driven by infrastructure and real estate growth, VMS TMT is well-positioned to benefit from the industry momentum.
VMS TMT is engaged in the manufacturing of Thermo Mechanically Treated Bars (“TMT Bars") at its facility situated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel widely used in the construction industry due to their exceptional strength, ductility, and corrosion resistance. The company conducts business predominantly in the State of Gujarat, from where it derives most of its revenue. Revenue from operations also includes the sale of scrap, binding wires, and billets.
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Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Source: News18
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