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15 Days Price Change

VMS TMT IPO

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WEBSITE Inc. Year: 2013 Industry: Steel & Iron Products Listed Page

Profile
Issue Size 121.77 Cr
Profile
Price Range 94  to  99 per share
Profile
Min Investment ₹99
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We are engaged in manufacturing of Thermo Mechanically Treated Bars (“TMT Bars”) at our manufacturing facilitysituated at Bhayla Village, Ahmedabad, Gujarat, India. TMT Bars are high-strength reinforcement steel used widely inconstruction due to their exceptional strength, ductility, and corrosion resistance. (Dun & Bradstreet Report). We conductour business predominantly in the State of Gujarat from where we derived over 98% of our revenues from operations inFiscal 2024. Our revenue from operations in Fiscal 2024 from sale of TMT Bars in the State of Gujarat constitutedapproximately 94% of the total revenue from operations wherein retail sales constituted 80% and institutional salesconstituted 14% of the total revenue from operations. Our revenue from operations also includes sale of scrap, bindingwires and billets which constitutes approximately 6% of the total revenue from operations in Fiscal 2024. We have adiverse customer base of retail and institutional customers primarily based in the State of Gujarat. We have a retail licenceagreement dated November 7, 2022, with Kamdhenu Limited which allows us to market our TMT Bars under the brand‘Kamdhenu NXT’ on mutually agreed terms within the State of Gujarat on a non-exclusive basis. We sell our TMT Barsto customers through distribution network, on a non-exclusive basis, which comprise of 3 distributors and 227 dealers asof August 31, 2024. Read More

Basic Info

Face Value 10 per share

Price 94  to  99 per share

P/E (x) 23

Sales( Cr.) 770

PAT( Cr.) 15

EPS 4.3

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Varun Manojkumar Jain Rishabh Sunil Singhi Manojkumar Jain Sangeeta Jain

Pre Issue Share Holding 96.28%

Post Issue Share Holding 67.18%

Listing Details:

Listing Price: 105

Listing Gain: 5.71%

Current Price: 48.8

Gain On Issue: 48.8 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 17, 2025
Closing Date Sep 19, 2025
Allotment Sep 22, 2025
Refund Sep 23, 2025
Delivery of Shares Sep 23, 2025
Listing Date Sep 24, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 150 14,850
Retail (Max) 13 1950 193,050
S-HNI (Min) 14 2100 207,900
S-HNI (Max) 67 10050 994,950
B-HNI (Min) 68 10200 1,009,800

Objective of the Issue

1. Repayment/ prepayment, in full or part, of all or a portion of certain borrowings availed by our Company 2. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 1800000 217444650 120.8x
NII 3000000 681281100 227.1x
Retail 7500000 359113500 47.9x
EMP 0 0 0x
Total 12300000 1257839250 102.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

VMS TMT Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 494 882 873 770
Other Income 0 0 0 1
Total Income 494 882 873 771
Total Expenditure 478 860 831 723
Operating Profit 16 22 42 48
Interest 6 13 18 21
Depreciation 1 4 4 7
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 9 6 19 20
Provision for Tax 2 1 6 5
Profit After Tax 7 4 13 15
Adjustments 0 0 0 -1
Profit After Adjustments 7 4 13 15
Adjusted Earnings Per Share 2.8 1.3 4 4.5

VMS TMT Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 19 31 47 73
Minority's Interest 0 0 0 0
Borrowings 71 93 105 125
Other Non-Current Liabilities 2 4 6 7
Total Current Liabilities 66 99 128 208
Total Liabilities 158 227 285 413
Fixed Assets 71 76 74 174
Other Non-Current Assets 1 20 69 6
Total Current Assets 86 132 143 232
Total Assets 158 227 285 413

VMS TMT Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 2 8
Cash Flow from Operating Activities -31 -11 37 -18
Cash Flow from Investing Activities -18 -27 -50 -55
Cash Flow from Financing Activities 49 41 19 66
Net Cash Inflow / Outflow 0 2 6 -7
Closing Cash & Cash Equivalent 0 2 8 1

VMS TMT Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.78 1.33 4.04 4.45
CEPS(Rs) 3.36 2.46 5.22 6.42
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 7.55 9.78 13.95 21.13
Core EBITDA Margin(%) 3.25 2.5 4.75 6.12
EBIT Margin(%) 2.96 2.09 4.33 5.39
Pre Tax Margin(%) 1.82 0.63 2.21 2.61
PAT Margin (%) 1.39 0.48 1.54 2
Cash Profit Margin (%) 1.69 0.88 1.99 2.89
ROA(%) 4.36 2.18 5.26 4.42
ROE(%) 36.82 16.94 34.82 25.76
ROCE(%) 10.72 11.2 17.25 14
Receivable days 23.51 8.45 5.18 9.65
Inventory Days 32.11 30.89 45 61.92
Payable days 5.89 8.05 9.52 15.38
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.26 0.2 0.23 0.39
EV/Core EBITDA(x) 7.94 7.85 4.87 6.19
Net Sales Growth(%) 0 78.64 -1.03 -11.77
EBIT Growth(%) 0 26.37 104.4 9.95
PAT Growth(%) 0 -39.02 221.04 14.48
EPS Growth(%) 0 -52.16 203.6 10.22
Debt/Equity(x) 6.3 5.28 4.25 3.77
Current Ratio(x) 1.3 1.33 1.11 1.12
Quick Ratio(x) 0.64 0.26 0.26 0.39
Interest Cover(x) 2.6 1.43 2.05 1.94
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -12% 16% 0% 0%
Operating Profit CAGR 14% 44% 0% 0%
PAT CAGR 15% 29% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 26% 26% 29% 29%
ROCE Average 14% 14% 13% 13%

Company Contact Information

VMS TMT Ltd.

Boliya Vijay Amrabhai

+91 63575 85711

compliance@vmstmt.com

Survey No 214 Bhayla Village Near Water Tank Bavla

IPO Lead Manager(s)

VMS TMT Ltd.

Arihant Capital Markets Ltd.

Registrar Info

VMS TMT Ltd.

K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)

Karvy Selenium Tower B, Plot 31-32 Gachibowli,Financial District, Nanakramguda Hyderabad – 500032 Tel. No. 040 67161500 Fax. No. 040 23001153 E-mail: einward.ris@karvy.com Website: www.karvy.com Toll Free No. of exclusive Call Centre:1-800-345001

040 - 67162222/18003094001

einward.ris@kfintech.com

https://www.kfintech.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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