31 Mar 2023
Assets227.28
Total Income882.06
EBITDA21.91
Profit After Tax4.20
NET Worth30.84
Reserves and Surplus18.23
Total Borrowing162.70
At a glance
Updated 2026-09-11The shares listed at ₹104.90, a 5.96% move from the issue price. VMS TMT is a Mainboard IPO with an issue size of ₹148.50 crore, proposed for listing on BSE, NSE. The offer opens on 17th Sep 2025 and closes on 19th Sep 2025. The issue structure includes a fresh issue of ₹148.50 crore. The current listing schedule points to 24th Sep 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹148.50 Cr
Fresh issue₹148.50 Cr
Face value₹10
Price band₹94.00–₹99.00
Allotment22nd Sep 2025
Listing24th Sep 2025
Listing performance
Full performance ↗Issue price₹99.00
Listing price₹104.90
Current price—
Listing gain5.96%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹11.00
GMP / upper price11.11%
Est. listing₹110.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens17th Sep 2025
Closes19th Sep 2025
Allotment22nd Sep 2025
Refund23rd Sep 2025
Demat23rd Sep 2025
Listing24th Sep 2025
Subscription demand
Full bidding ↗Total102.24×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 150 | ₹14,850 |
Company
Employees230
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company | ₹115.00 Cr |
| General Corporate Purposes | ₹20.65 Cr |
| Issue Expenses | ₹12.85 Cr |
| Total | ₹148.50 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue213.39₹ Cr · -72.3% vs prior year
EBITDA19.48₹ Cr · -57.2% vs prior year
PAT8.58₹ Cr · -44.4% vs prior year
Assets449.35₹ Cr · +9.0% vs prior year
Net Worth81.77₹ Cr · +11.7% vs prior year
Borrowing309.18₹ Cr · +12.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets284.23
Total Income873.17
EBITDA41.20
Profit After Tax13.47
NET Worth46.51
Reserves and Surplus33.18
Total Borrowing197.86
31 Mar 2025
Assets412.06
Total Income771.41
EBITDA45.53
Profit After Tax15.42
NET Worth73.19
Reserves and Surplus38.56
Total Borrowing275.72
30 Jun 2025
Assets449.35
Total Income213.39
EBITDA19.48
Profit After Tax8.58
NET Worth81.77
Reserves and Surplus47.14
Total Borrowing309.18
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROCE | 12.79% |
| Debt / Equity | 3.77% |
| RoNW | 20.14% |
| PAT Margin | 1.91% |
| EBITDA Margin | 5.91% |
| Price to Book Value | 7.43 |
Valuation & shareholding
Pre-IPO EPS4.45
Post-IPO EPS6.91
Pre-IPO P/E22.24
Post-IPO P/E14.32
Promoter holding pre96.28%
Promoter holding post67.19%
Market cap₹491.35 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Vms Tmt IPO | — | 14.32 x | — | — |
| Behari Lal IPO | — | 18.65 x | — | — |
| Rajputana Stainless IPO | — | 20.88 x | — | — |
| BMW Ventures IPO | — | 26.15 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by the Company | ₹115.00 Cr |
| General Corporate Purposes | ₹20.65 Cr |
| Issue Expenses | ₹12.85 Cr |
| Total | ₹148.50 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Arihant Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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