Archive · 25 Jul 2025
VMS TMT Receives SEBI Approval for IPO; Debt Repayment Planned
VMS TMT Ltd, a company that makes metal bars, got permission to sell stocks to the public for the first time, which is called an IPO.
They plan to sell up to 1.5 crore shares.
The money raised will mostly go towards paying off the company's debts.
The company previously submitted plans for an IPO last year but withdrew them.
The shares will be listed on stock exchanges.
The company is based in Gujarat and has a large ownership by its promoters.
The remaining shares are held by the public.
VMS TMT Ltd received SEBI approval for an IPO.
The IPO includes a fresh issue of up to 1.5 crore equity shares.
The company plans to use ₹115 crore of the proceeds to repay debt.
Equity shares are proposed for listing on the BSE and NSE.
The company refiled its Draft Red Herring Prospectus on March 27, 2025.
- Who
- VMS TMT Ltd, a manufacturer of Thermo Mechanically Treated Bars.
- What
- VMS TMT Ltd received SEBI nod for an IPO.
- When
- The news was published on July 25, 2025; the company re-filed DRHP on March 27, 2025.
- Where
- Gujarat, India (company based).
- Why
- To raise capital, part of which will be used to repay debt and for general corporate purposes.
- Company
- VMS TMT Ltd
- IPO Size
- Up to 1.5 crore equity shares
- Funds Use
- ₹115 crore for debt repayment
- Listing Exchange
- BSE and NSE (proposed)
- Promoter Stake
- 96.28%
- Public Stake
- 3.72%