VMS TMT Ltd Logo

VMS TMT Ltd IPO

BSELot: 150

LISTEDMAINBOARD
Issue Price99
Listing104.9
Current48.8
Price Band
94 - ₹99
Lot Size
150
Issue Size
₹148.5 Cr
GMP
0
Subscription
8.40x

IPO Schedule

1
Open
17 Sept
2
Close
19 Sept
3
Allotment
22 Sept
4
Listing
24 Sept

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

QIB
7.09x
NII
13.78x
Retail
6.56x
CategoryDay 3Day 2Day 1
QIB120.80x7.47x7.09x
NII227.08x37.26x13.78x
Retail47.85x18.99x6.56x
Total102.24x21.76x8.40x

Risk Factors

Fluctuations in steel prices impacting profitability.
Dependence on a limited number of suppliers.
Intense competition in the steel trading industry.
Economic downturns affecting construction and infrastructure projects.

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.