VMS TMT Itemizing: VMS TMT shares debuted within the listed area with an honest premium on Wednesday. The inventory opened for commerce at Rs 105 on the BSE and Rs 104.90 on the NSE, with a premium of round 6.06 per cent and 5.90 per cent over the difficulty value, respectively.
VMS TMT IPO highlights:
The problem was subscribed over 102.27 occasions, translating to a complete of 125.78 crore shares towards 1.23 crore. The whole subscription contains Certified Institutional Consumers (QIBs) who bid 21.74 crore shares towards 18 lakh shares reserved(120.80 occasions).
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Non-Institutional Buyers (NIIs) subscribed 68.12 crore shares towards allotted 30 lakh shares (227.09 occasions), and Retail Particular person Buyers (RIIs) bid for 35.91 crore shares towards 75 lakh shares (47.89 occasions).
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The VMS TMT IPO was a book-built challenge of Rs 148.5 crores, consisting completely of a recent challenge of 1,50,00,000 fairness shares with a face worth of Rs 10 per share. The IPO value band was set at Rs 94 to Rs 99 per share with the minimal order amount of 150 shares, requiring a minimal funding of Rs 14,850 for retail buyers.
Subscription interval: September 17 to September 19
Value band: Rs 94 to Rs 99
Challenge measurement: Rs 148.50 crore
Lot measurement: 150
Minimal funding: Rs 14,100
Firm profile:
VMS TMT Restricted is a Gujarat-based producer of Thermo Mechanically Handled (TMT) bars. The corporate makes use of scrap in a 30-tonne induction furnace with CCM and a rolling mill for manufacturing. VMS TMT markets its merchandise below the “Kamdhenu NXT” model through a retail license settlement with Kamdhenu Restricted.
In FY25, the corporate’s income stood at Rs 770.19 crore, down 11.77 per cent from Rs 872.96 crore in FY24. Nevertheless, the corporate’s revenue after tax (PAT) elevated by 14 per cent from Rs 13.47 crore in FY24 to Rs 15.42 crore in FY25. In Q1 FY26, VMS TMT reported a income of Rs 212.26 crore and a web revenue of Rs 8.58 crore.
