{"id":7318,"date":"2025-09-15T18:05:12","date_gmt":"2025-09-15T12:35:12","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=7318"},"modified":"2025-09-17T09:02:42","modified_gmt":"2025-09-17T03:32:42","slug":"review-of-vms-tmt-ipo","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/review-of-vms-tmt-ipo\/","title":{"rendered":"Review of VMS TMT Limited IPO: Lot Size, Check Issue Date, Price"},"content":{"rendered":"\n<p><strong><strong>VMS TMT<\/strong> IPO Price: <\/strong>\u20b994 to \u20b999 per share<strong><br>IPO Dates:<\/strong> 17th September 2025 &#8211; 19th September 2025<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<figure class=\"wp-block-image aligncenter size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1068\" height=\"559\" src=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2025\/09\/VMSTMT-1068x559-1.png\" alt=\"\" class=\"wp-image-7320\" srcset=\"https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2025\/09\/VMSTMT-1068x559-1.png 1068w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2025\/09\/VMSTMT-1068x559-1-300x157.png 300w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2025\/09\/VMSTMT-1068x559-1-1024x536.png 1024w, https:\/\/lakshmishree.com\/news\/wp-content\/uploads\/2025\/09\/VMSTMT-1068x559-1-768x402.png 768w\" sizes=\"(max-width: 1068px) 100vw, 1068px\" \/><\/figure>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"><strong>Company Overview<\/strong><\/h2>\n\n\n\n<p>Incorporated in April 2013, VMS TMT Limited is primarily engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars, a critical material in the construction and infrastructure sectors. The company also generates revenue from allied products such as billets, binding wires, scrap, and other by-products arising from its TMT manufacturing operations.<\/p>\n\n\n\n<p>The company\u2019s manufacturing facility is located in Bhayla Village, near Bavla, Ahmedabad district, Gujarat, providing a strategic advantage for distribution across Gujarat and other states.<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Products and Operations<\/strong><\/h2>\n\n\n\n<p>VMS TMT produces high-quality TMT Bars that are compliant with Bureau of Indian Standards (BIS). The facility has an annual installed capacity of 200,000 MT, with environmental clearance for the production of up to 30,000 MT per month.<\/p>\n\n\n\n<p>In September 2024, the company completed the backward integration of its Continuous Casting Machine (CCM) division, enabling in-house production of billets from scrap and reducing dependency on external suppliers.<\/p>\n\n\n\n<p>The company\u2019s products are also supported by certifications in ISO 9001:2015 (Quality Management), ISO 45001:2018 (Occupational Health &amp; Safety), and ISO 14001:2015 (Environmental Management), demonstrating its commitment to quality, safety, and sustainability.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Distribution Network<\/strong><\/h2>\n\n\n\n<p>VMS TMT Limited has developed a strong distribution system on a non-exclusive basis. As of July 31, 2025, its network consists of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>3 distributors<\/li>\n\n\n\n<li>227 dealers<\/li>\n<\/ul>\n\n\n\n<p>This robust distribution network enables the company to effectively reach a wide customer base, including individual house builders, contractors, government authorities, industrial clients, retailers, and real estate developers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Retail License Agreement with Kamdhenu<\/h2>\n\n\n\n<p>On November 7, 2022, VMS TMT Limited entered into a retail license agreement with Kamdhenu Limited, allowing it to market TMT Bars under the well-recognized \u2018Kamdhenu NXT\u2019 brand within Gujarat (excluding Saurashtra and Kutch districts). This partnership has strengthened the company\u2019s market presence and brand recognition.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Asset-Light Model and Manufacturing<\/strong><\/h2>\n\n\n\n<p>Euro Pratik Sales Limited follows an asset-light business model, outsourcing manufacturing to long-term contract manufacturing partners. This model ensures scalability and flexibility, while allowing the company to maintain control over design, specifications, and quality standards. In FY2025, Euro Pratik collaborated with 36 contract manufacturers across India, South Korea, and China to deliver innovative products.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Customer Base<\/h2>\n\n\n\n<p>The company enjoys long-standing relationships with its customers, serving diverse sectors such as roadways, engineering services, real estate, and retail construction. As of June 30, 2025, it maintained over three years of business relationships with 4 of its top 10 customers, reflecting customer trust and loyalty.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Workforce and Management<\/strong><\/h2>\n\n\n\n<p>VMS TMT is supported by an experienced and professional management team, along with a dedicated workforce of 230 permanent employees as of July 31, 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Revenue Focus<\/h2>\n\n\n\n<p>The company has primarily focused on Tier II and Tier III cities, generating a majority of its revenue from Gujarat in recent years:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>FY 2024: <strong>98.78%<\/strong> of revenue from Gujarat<\/li>\n\n\n\n<li>FY 2023: <strong>98.43%<\/strong> of revenue from Gujarat<\/li>\n\n\n\n<li>FY 2022: <strong>99.19%<\/strong> of revenue from Gujarat<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Competitive Strengths<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Positioned to benefit from the steady growth of the steel bars and rods industry<\/li>\n\n\n\n<li>Strong distribution network with long-term customer relationships<\/li>\n\n\n\n<li>Established infrastructure with backward integration and logistics support<\/li>\n\n\n\n<li>Demonstrated growth in financial performance over the years<\/li>\n\n\n\n<li>Backed by experienced promoters and a committed senior management team<\/li>\n<\/ul>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n<div\n\t\tclass=\"free align wp-block-ctb-countdown-time\"\tid='ctbCountdownTime-1'\n\tdata-nonce='&quot;61dd1ba065&quot;'\n\tdata-attributes='{&quot;destDate&quot;:&quot;2025-09-17T10:00:00&quot;,&quot;padding&quot;:{&quot;vertical&quot;:&quot;10px&quot;,&quot;horizontal&quot;:&quot;15px&quot;,&quot;side&quot;:4,&quot;top&quot;:&quot;10px&quot;,&quot;right&quot;:&quot;15px&quot;,&quot;bottom&quot;:&quot;10px&quot;,&quot;left&quot;:&quot;15px&quot;},&quot;shadow&quot;:{&quot;hOffset&quot;:&quot;1px&quot;,&quot;color&quot;:&quot;rgba(204, 31, 31, 1)&quot;},&quot;boxBG&quot;:{&quot;type&quot;:&quot;solid&quot;,&quot;color&quot;:&quot;var(--ast-global-color-5)&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg,rgb(254,209,199) 45%,rgb(254,141,198) 100%)&quot;},&quot;boxBorder&quot;:{&quot;radius&quot;:&quot;5%&quot;,&quot;color&quot;:&quot;var(--ast-global-color-3)&quot;,&quot;width&quot;:&quot;3px&quot;},&quot;boxShadow&quot;:{&quot;color&quot;:&quot;rgba(57, 64, 67, 1)&quot;,&quot;hOffset&quot;:&quot;2px&quot;,&quot;vOffset&quot;:&quot;2px&quot;,&quot;blur&quot;:&quot;10px&quot;,&quot;spreed&quot;:&quot;2px&quot;},&quot;digitColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;labelColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;isSep&quot;:true,&quot;sepSize&quot;:68,&quot;sepColor&quot;:&quot;var(--ast-global-color-1)&quot;,&quot;align&quot;:&quot;&quot;,&quot;layout&quot;:&quot;default&quot;,&quot;isResponsive&quot;:true,&quot;boxIsInline&quot;:false,&quot;boxPosition&quot;:&quot;center&quot;,&quot;isLabels&quot;:true,&quot;isDays&quot;:true,&quot;daysLabel&quot;:&quot;Days&quot;,&quot;isHours&quot;:true,&quot;hoursLabel&quot;:&quot;Hours&quot;,&quot;isMinutes&quot;:true,&quot;minutesLabel&quot;:&quot;Minutes&quot;,&quot;isSeconds&quot;:true,&quot;secondsLabel&quot;:&quot;Seconds&quot;,&quot;isExpired&quot;:false,&quot;hideOn0&quot;:false,&quot;hideOnMobile&quot;:false,&quot;hideOnTablet&quot;:false,&quot;prefixSuffixDirection&quot;:&quot;row&quot;,&quot;prefixText&quot;:&quot;&quot;,&quot;suffixButtonText&quot;:&quot;&quot;,&quot;suffixButtonUrl&quot;:&quot;#&quot;,&quot;addID&quot;:&quot;&quot;,&quot;addClass&quot;:&quot;&quot;,&quot;addCSS&quot;:&quot;&quot;,&quot;width&quot;:&quot;0px&quot;,&quot;background&quot;:{&quot;color&quot;:&quot;#0000&quot;},&quot;alignment&quot;:&quot;center&quot;,&quot;boxWidth&quot;:&quot;170px&quot;,&quot;boxHeight&quot;:&quot;120px&quot;,&quot;boxSpace&quot;:&quot;30px&quot;,&quot;digitTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;48px&quot;,&quot;tablet&quot;:&quot;40px&quot;,&quot;mobile&quot;:&quot;32px&quot;}},&quot;labelTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;18px&quot;,&quot;tablet&quot;:&quot;17px&quot;,&quot;mobile&quot;:&quot;16px&quot;}},&quot;isDaysSingleStyle&quot;:false,&quot;daysBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;daysDigitColor&quot;:&quot;#fff&quot;,&quot;daysLabelColor&quot;:&quot;#fff&quot;,&quot;isHoursSingleStyle&quot;:false,&quot;hoursBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;hoursDigitColor&quot;:&quot;#fff&quot;,&quot;hoursLabelColor&quot;:&quot;#fff&quot;,&quot;isMinutesSingleStyle&quot;:false,&quot;minutesBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;minutesDigitColor&quot;:&quot;#fff&quot;,&quot;minutesLabelColor&quot;:&quot;#fff&quot;,&quot;isSecondsSingleStyle&quot;:false,&quot;secondsBG&quot;:{&quot;type&quot;:&quot;gradient&quot;,&quot;color&quot;:&quot;#146EF5&quot;,&quot;gradient&quot;:&quot;linear-gradient(135deg, #0040E3, #18D4FD)&quot;},&quot;secondsDigitColor&quot;:&quot;#fff&quot;,&quot;secondsLabelColor&quot;:&quot;#fff&quot;,&quot;sepType&quot;:&quot;:&quot;,&quot;prefixTextTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;15px&quot;}},&quot;prefixTextColor&quot;:&quot;#222&quot;,&quot;suffixButtonTypo&quot;:{&quot;fontSize&quot;:{&quot;desktop&quot;:&quot;16px&quot;}},&quot;suffixButtonColors&quot;:{&quot;color&quot;:&quot;#fff&quot;,&quot;bg&quot;:&quot;#222&quot;},&quot;suffixButtonPadding&quot;:{&quot;vertical&quot;:&quot;14px&quot;,&quot;horizontal&quot;:&quot;28px&quot;},&quot;isDismiss&quot;:false,&quot;dismissColor&quot;:&quot;#333&quot;}'\n\tdata-content='&quot;&quot;'\n><\/div>\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-buttons alignfull is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-03627597 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 is-style-fill\"><a class=\"wp-block-button__link has-ast-global-color-5-color has-text-color has-link-color has-medium-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" style=\"border-width:18px;border-radius:32px;padding-top:var(--wp--preset--spacing--20);padding-right:var(--wp--preset--spacing--50);padding-bottom:var(--wp--preset--spacing--20);padding-left:var(--wp--preset--spacing--50)\" target=\"_blank\" rel=\"https:\/\/lakshmishree.com\/ipo\/ noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>VMS TMT&nbsp;IPO<\/strong> Specifics:<\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>September 17, 2025 to September 19, 2025<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b910 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b994 to \u20b999 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>150 Shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>1,50,00,000&nbsp;shares<br>(aggregating up to \u20b9148.50&nbsp;Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>1,50,00,000&nbsp;shares<br>(aggregating up to \u20b9148.50&nbsp;Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share Holding Pre Issue<\/td><td>3,46,31,210&nbsp;shares<\/td><\/tr><tr><td>Share Holding Post Issue<\/td><td>4,96,31,210&nbsp;shares<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>VMS TMT&nbsp;IPO<\/strong> Timetable (Important Dates)<\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Wednesday, September 17 2025<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Friday, September 19 2025<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, September 22 2025<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, September 23 2025<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, September 23 2025<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, September 24 2025<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on&nbsp;September 19, 2025<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>VMS TMT<\/strong> <strong>IPO Lot Size<\/strong><\/h2>\n\n\n\n<p>Bidders have the opportunity to bid for a minimum of 150 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>150<\/td><td>\u20b914,850<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>1,950<\/td><td>\u20b91,93,050<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>2,100<\/td><td>\u20b92,07,900<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>10,050<\/td><td>\u20b99,94,950<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>10,200<\/td><td>\u20b910,09,800<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><strong><strong>VMS TMT<\/strong><\/strong>&nbsp;IPO Reservation<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 30% of the Net offer<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 50% of the Offer<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 20% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">VMS TMT <strong>Limited IPO Financial Information<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2023<\/th><th>31 Mar 2024<\/th><th>31 Mar 2025<\/th><th>30 Jun 2025<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>227.28<\/td><td>284.23<\/td><td>412.06<\/td><td>449.35<\/td><\/tr><tr><td>Total Income<\/td><td>882.06<\/td><td>873.17<\/td><td>771.41<\/td><td>213.39<\/td><\/tr><tr><td>Profit After Tax<\/td><td>4.20<\/td><td>13.47<\/td><td>15.42<\/td><td>8.58<\/td><\/tr><tr><td>EBITDA<\/td><td>21.91<\/td><td>41.20<\/td><td>45.53<\/td><td>19.48<\/td><\/tr><tr><td>Net Worth<\/td><td>30.84<\/td><td>46.51<\/td><td>73.19<\/td><td>81.77<\/td><\/tr><tr><td>Reserves and Surplus<\/td><td>18.23<\/td><td>33.18<\/td><td>38.56<\/td><td>47.14<\/td><\/tr><tr><td>Total Borrowing<\/td><td>162.70<\/td><td>197.86<\/td><td>275.72<\/td><td>309.18<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator &#8211; <strong><strong>VMS TMT&nbsp;<\/strong>IPO<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-stretch is-layout-flex wp-container-core-group-is-layout-353c4f5a wp-block-group-is-layout-flex\">\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>Market Cap<\/td><td>\u20b9491.35 Cr<\/td><\/tr><tr><td>EPS<\/td><td>\u20b94.45<\/td><\/tr><tr><td>P\/E (x)<\/td><td>22.24<\/td><\/tr><tr><td>ROCE<\/td><td>12.79%<\/td><\/tr><tr><td>Debt\/Equity<\/td><td>6.06<\/td><\/tr><tr><td>RoNW<\/td><td>20.14%<\/td><\/tr><tr><td>PAT Margin<\/td><td>1.91%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><sub><sup>as of Mar 31, 2025<\/sup><\/sub><\/figcaption><\/figure>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>VMS TMT Limited proposes to utilize the net proceeds from its Initial Public Offering (IPO) for the following purposes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Repayment\/Prepayment of Borrowings:<\/strong> An amount of \u20b9115.00 crore will be utilized towards repayment or prepayment, in full or in part, of certain outstanding borrowings availed by the company, thereby reducing debt and improving the financial position.<\/li>\n\n\n\n<li><strong>General Corporate Purposes:<\/strong> The remaining funds will be used for general corporate activities, including administrative expenses, business development, and other strategic initiatives to support future growth.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-content-justification-left is-layout-flex wp-container-core-group-is-layout-7aba0d93 wp-block-group-is-layout-flex\" style=\"padding-top:0;padding-bottom:0\">\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-fe9cc265 wp-block-group-is-layout-flex\">\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-91eda0011448e6f0fdd6acf0c8343832\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/oct-2024\/vms-tmt-limited_87274.html\" target=\"_blank\" rel=\"noreferrer noopener\">VMS TMT&nbsp;Limited IPO DRHP.<\/a><\/p>\n\n\n\n<p class=\"has-ast-global-color-0-color has-text-color has-link-color wp-elements-b71cdbe1b8807aec97098fea0d108a7e\"><a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/sep-2025\/vms-tmt-limited-rhp_96582.html\" target=\"_blank\" rel=\"noreferrer noopener\">VMS TMT&nbsp;Limited IPO RHP<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>VMS TMT IPO Price: \u20b994 to \u20b999 per shareIPO Dates: 17th September 2025 &#8211; 19th September 2025 Company Overview Incorporated in April 2013, VMS TMT Limited is primarily engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars, a critical material in the construction and infrastructure sectors. The company also generates revenue from allied products [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[161,162,1263],"class_list":["post-7318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-ipo","tag-upcoming-ipo","tag-vms-tmt-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=7318"}],"version-history":[{"count":3,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7318\/revisions"}],"predecessor-version":[{"id":7326,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/7318\/revisions\/7326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/7321"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=7318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=7318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=7318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}