VMS TMT came to market through an IPO that opened on 17 September 2025 and closed on 19 September 2025, and the shares listed on 24 September 2025 on BSE, NSE. The price band was ₹94 to ₹99 per share and one lot was 150 shares, so the minimum application was ₹14,850. The issue size was ₹148.5 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Arihant Capital Markets Limited was the lead manager.
As of 19 September 2025.
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Incorporation in the year 2013, VMS TMT Limited is mainly involved in the production of Thermo Mechanically Treated Bars (TMT Bars). Scrap and binding wires are also dealt with by the company, which are marketed in Gujarat and other states.The manufacturing unit of the company is conveniently located at Bhayla Village, near Bavla in Ahmedabad district, Gujarat, facilitating easy distribution of products.
As described in the offer document.
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Anchor investors acquire 27 lakh shares for Rs 26.73 crore ahead of VMS TMT IPO. Investors that participated in the anchor book on Monday were Saint Capital Fund, Maybank Securities Pte, Astrone Capital, Chanakya Opportunities Fund, and Vbcube Ventures Fund.
Varun Manojkumar Jain, Rishabh Sunil Singhi, Manojkumar Jain, Sangeeta Jain. Promoter holding 96.28% before the issue and 67.19% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
VMS TMT IPO was a ₹148.5 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹94–₹99 per share with a lot size of 150 shares (₹14,850). The IPO was open from September 17 to September 19, 2025 and was subscribed 102.26x. Shares listed on BSE and NSE on September 24, 2025 at ₹104.90, a 6.0% premium to the issue price of ₹99. Kfin Technologies Limited is the registrar.
Arihant Capital Markets Limited is the book running lead manager.
The price band of VMS TMT IPO is ₹94 to ₹99 per share.
The lot size of VMS TMT IPO is 150 shares.
The minimum investment for VMS TMT IPO is approximately ₹14,850 based on the upper price band.
The allotment date of VMS TMT IPO is Sep 22, 2025.
VMS TMT IPO's final recorded GMP before listing was ₹10 per share (a 10% premium over the ₹99 upper price band). The shares listed at ₹104.9. GMP is unofficial and does not forecast or guarantee the actual listing price.
VMS TMT IPO listed on Sep 24, 2025. It was issued at ₹104.90(NSE) and is currently around ₹42.72 as on 2-Nov-2026 3:30 PM, which is approximately -56.8% versus issue price. The 52-week high is ₹72.00.
You can check VMS TMT IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the VMS TMT IPO allotment status on Rupix for quick and easy access.
₹94 to ₹99 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 150 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,850.
₹14,850, for one lot of 150 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 17 September 2025 and closed on 19 September 2025.
The basis of allotment was published on 22 September 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 24 September 2025 on BSE, NSE.
The issue size was ₹148.5 crore. The fresh issue was 1,50,00,000 shares (aggregating up to ₹148.5 crore).