VMS TMT Share Price Lists at Premium After Strong IPO Subscription

Market Performance

VMS TMT share price made a solid debut on the stock market today, September 24, 2025. The stock listed at ₹104.90 apiece on NSE, a 5.96% premium over its IPO price of ₹99. On the BSE, it opened at ₹105, reflecting a 6.06% gain.

The listing caught attention as investors cheered the strong demand during the IPO phase.

IPO Highlights

The ₹148.50 crore IPO of VMS TMT Limited received overwhelming response across investor categories. The issue opened on September 17 and closed on September 19, with allotments finalized on September 22.

• Fresh Issue: Entirely a fresh issue of 1.50 crore equity shares
  
  
• Lot Size: 150 shares, requiring a minimum investment of ₹14,850 at the upper band
  
  
• Overall Subscription: 102.24 times
  
  
• Total Bids: 125.75 crore shares against 1.23 crore on offer
  
  

Category-wise demand stood out strongly:

• Retail Investors: Subscribed 47.85 times
  
  
• Non-Institutional Investors (NIIs): Subscribed 227.08 times
  
  
• Qualified Institutional Buyers (QIBs): Subscribed 120.80 times
  
  

Ahead of the IPO, the company also raised ₹26.73 crore from anchor investors on September 16.

Fund Utilization

From the IPO proceeds, the company plans to deploy funds strategically:

• ₹115 crore earmarked for repayment of certain borrowings
  
  
• Remaining balance for general corporate purposes
  
  

The listing also brings added visibility and a stronger brand image for the company in the broader steel and infrastructure ecosystem.

About VMS TMT

Founded in 2013, VMS TMT Limited is engaged in the production of Thermo Mechanically Treated (TMT) Bars, an essential product for the construction and infrastructure sector. Alongside TMT bars, the company also trades in scrap and binding wires.

The company operates a manufacturing facility in Bhayla Village, near Bavla in Ahmedabad district, Gujarat, a location that helps in efficient regional distribution.

Financial Performance

For the year ended March 31, 2025, VMS TMT reported:

• Revenue from operations: ₹770.19 crore (down 11.77% vs ₹872.95 crore in FY24)
  
  
• Profit After Tax (PAT): ₹15.41 crore (up 14.48% vs ₹13.46 crore in FY24)
  
  

This reflects stronger profitability despite lower revenues, highlighting the company’s cost and operational efficiency.

Summary

VMS TMT share price listed at a 6% premium over its issue price, backed by stellar investor demand during the IPO, which was subscribed over 100 times. With a robust manufacturing base, strategic location, and expanding market presence, the company’s listing marks an important step in its growth journey.