
VMS TMT Ltd IPO
BSELot: 150Steel
About VMS TMT Ltd
VMS TMT Ltd is engaged in the trading and distribution of TMT bars and other steel products. The company primarily serves the construction and infrastructure sectors, sourcing materials from various manufacturers and supplying them to a diverse customer base.
Subscription Status
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 120.80x | 7.47x | 7.09x |
| NII | 227.08x | 37.26x | 13.78x |
| Retail | 47.85x | 18.99x | 6.56x |
| Total | 102.24x | 21.76x | 8.40x |
Risk Factors
Promoters & Management
The key management personnel of VMS TMT Limited include: Varun Manojkumar Jain, Chairman and Managing Director. He has over eight years of experience in the steel sector. Rishabh Sunil Singhi, Whole-time Director. He has over three years of experience in the steel sector. Vikram Babubhai Patel, Chief Financial Officer. He has over seventeen years of experience in finance, accounts, and management. Boliya Vijay Amrabhai, Company Secretary and Compliance Officer. He has over three years of experience in corporate affairs and compliances. Mahendra Saini Chandiram, General Manager. He has over nine years of experience in the steel industry. Naeem Ahmad Ansari, Production Manager. He has over four years of experience in rolling mill operations. The Board of Directors comprises six members, including two Executive Directors, one Non-Executive Director, and three Independent Directors. The company is in compliance with the corporate governance laws prescribed under the SEBI Listing Regulations and the Companies Act in relation to the composition of the Board and constitution of committees thereof.