VMS TMT Limited
ListedMainboardSteel & Metals · NSE / BSE
VMS TMT Limited, incorporated in 2013, is engaged in the manufacturing of Thermo Mechanically Treated (TMT) Bars and also deals in scrap and binding wires, supplying products within Gujarat and other states. Its manufacturing facility is located in Bhayla Village, near Bavla in Ahmedabad district, offering easy access for distribution. As of July 31, 2025, the company operates through 3 distributors and 227 dealers on a non-exclusive basis, ensuring strong product reach. On November 7, 2022, it signed a retail license agreement with Kamdhenu Limited, allowing it to market TMT Bars under the brand name ‘Kamdhenu NXT’ within Gujarat. The company has a workforce of 230 permanent employees supported by an experienced management team. Its revenue is largely concentrated in Gujarat, contributing 98.78% in Fiscal 2024, 98.43% in Fiscal 2023, and 99.19% in Fiscal 2022, with a focus on Tier II and Tier III cities.
Price Band
₹94 – ₹99
Issue Size
₹149 Cr
Lot Size
150 shares
GMP
₹11
+11.1%
Est. Listing
₹110
at current GMP
Subscribed
102.27x
overall
Open
17 Sep 2025
Close
19 Sep 2025
Allotment
22 Sep 2025
Refund
23 Sep 2025
Demat Credit
24 Sep 2025
Listing
24 Sep 2025
Last updated 12 days ago
Live Grey Market Premium
VMS TMT Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹11+11.1%
Issue Price (Upper)
₹99
Band: ₹94 – ₹99
Estimated Listing Price
₹110
Upper price + GMP
Lot Size
150 shares
Min investment ₹14,850
Estimated Profit / Lot
₹1,650
150 × ₹11
VMS TMT Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹11
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹11 | 11.1% | ₹110 |
| 30 Oct 2026 | +₹11 | 11.1% | ₹110 |
| 29 Oct 2026 | +₹10 | 10.0% | ₹109 |
GMP is unofficial market data. Not a guarantee of listing performance.
About VMS TMT Limited Public Issue & Market Profile
VMS TMT Limited is bringing an initial public offering (IPO) in the Steel & Metals sector with an aggregate issue size of ₹148.5 Crores. The shares are offered at a price band of ₹94 to ₹99 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 150 shares (approx. ₹14,850 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-09-24, while un-allotted funds or UPI block mandates will be released on 2025-09-23.
Frequently Asked Questions
What is VMS TMT Limited IPO GMP today?
The latest grey market premium for VMS TMT Limited IPO is ₹11, which indicates an expected listing price of ₹110.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.